Kenya

Speed Read: Sun King closes a $156 million (KES equivalent) securitisation, the largest and first majority commercial-bank-backed deal of its kind in Sub-Saharan Africa outside South Africa. Backed by private capital from Absa Bank Kenya, Citi, The Co-operative Bank of Kenya, KCB Bank, and Stanbic Bank Kenya. The new deal …

Kenya acts as a transit hub for smuggled gold from other African countries, including South Sudan and the Democratic Republic of the Congo, according to a report by SwissAid, a non-governmental organisation. While illicit outflows from the country likely exceed two tonnes per year, the amount of declared gold exports …

Nairobi, Kenya – In the dusty villages and burgeoning towns of Kenya, the flicker of a single light-bulb remains a distant dream for a quarter of the population. As the nation strides towards a 2030 deadline for universal electricity access, a formidable challenge looms: how to bring reliable, affordable power …

NAIROBI – A bombshell report by SwissAid, a leading non-governmental organisation, has cast a dark shadow over Kenya, alleging the East African powerhouse has become a major hub for the smuggling and resale of illicit gold sourced from war-torn South Sudan, Sudan, and the Democratic Republic of Congo (DRC). The …

In a move that could reshape the East African economic landscape, Tanzania is throwing down the gauntlet with a radical overhaul of its mining sector. Far from dusty policy papers, the Ministry of Minerals has unveiled a dynamic strategy, backed by legislative muscle and cutting-edge digital tools, aimed squarely at …

Africa’s leading clean cookstove manufacturer, BURN,has secured USD 5 million from EDFI Management Company through the EU-funded Electrification Financing Initiative (ElectriFI) to deploy over 100,000 ECOA induction cookers in Kenyan households. This will cut fuel costs and prevent 1.4 million tons of CO₂ emissions through IoT and Pay As You …

Marula Mining, an African mining and development company, has unearthed a significant high-grade manganese ore deposit in Kilifi County, Kenya, a discovery that could significantly boost the profitability of its Kilifi Manganese Processing Plant. The company revealed that channel samples taken from the Ganze region, a key area for supplying …

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more …

Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …

Ugandan President Yoweri Museveni announced the lifting of a mineral export ban that had been in place since 2012. The announcement was made during his speech at the World Bank Summit in Nairobi, attended by 20 Heads of State. President Museveni revealed that the decision came after an agreement with …