Category: Economy&Finance
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IXAfrica Data Centre has secured a multi-tranche funding package from Rand Merchant Bank to expand its Nairobi campus, its CEO Snehar Shah said on Thursday. “Closing this financing with RMB secures our next phase of growth and positions us to welcome more hyperscale and AI customers,” said Guy Willner, Chairman of iXAfrica. In a phone…
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Listed reinsurance company Kenya Reinsurance Corporation Ltd (Kenya Re) has suspended its managing director, Dr. Hillary Maina Wachinga, for 21 days as the board reviews what it called “internal matters.” “The Board believes that this action is in the best interests of the Company and its stakeholders to allow for a thorough and impartial assessment,”…
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Nairobi is the latest stop for Tanzanian fintech, NALA, which is leaning on Equity Bank and Pesalink to speed its entry into one of Africa’s most lucrative remittance corridors. “This partnership will give fintechs and remittance firms direct access to trusted local rails and provide merchants and SMEs with quicker, more predictable international transactions,” said…
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Foreign investor activity at the Nairobi Securities Exchange (NSE) flipped sharply negative in the first week of September, reversing August’s record inflows. September has historically been an uneven month for foreign investors at the NSE. Strong inflows in 2015 (+KSh 6.5B), 2016 (+KSh 1.34B), and 2019 (+KSh 827M) contrast with multi-billion outflows in 2017–2023. The…
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The Oxford University Saïd Business School is this week hosting the fourth edition of the Africa Venture Finance Programme (AVFP), aimed at supporting the growth of technology and tech-enabled enterprises. The event taking place from 1-5 September 2025, brings together more than 40 of Africa’s leading venture capital fund managers — nearly half of them…
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The dream: Retire at 50. Participants in an investment education webinar by CIC Group titled ‘Fire Up Your Financial Future’ took a poll that established seven out of 10 people would like to retire by the age of 50, provided they have sufficient money to last them long into their later years. Data from the Financial…
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State House received Sh3.6 billion in the less than two months to the end of the last financial year. This has been revealed by a report by the Controller of Budget (CoB) Margaret Nyakang’o. According to the report, the National Treasury released the amount between May 14, 2025 and June 24, 2025. The money was…
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Watermelon farming is one of the profitable short-term farming projects that one can invest in for a quick return. The fruits take between 3-4 months to mature, meaning farmers don’t need to wait for long for the investment to start paying off. The good thing about watermelon is that its market is ever-ready thanks to the…
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Undoubtedly, businesses suffer long-lasting and significant negative impacts following a founder’s death and some of Kenya’s giant companies are a testament to this. Various issues contribute to the collapse of these businesses, including poor succession plan, family conflicts, lack of trusted advisers, varying visions between generations, lack of financial education for children, exclusion of family…
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Boeing 787 Dreamliner GEnx engine. PHOTO/Agencies/Courtesy The cost of keeping Kenya Airways Boeing 787 Dreamliners airworthy runs into billions of shillings. This has been revealed by Kenya Airways chief executive officer Allan Kilavuka. According to Kilavuka, the national carrier currently owns nine Dreamliners. Each of these KQ Dreamliners has two engines that at some point…