Micro, Small, and Medium Enterprises (MSMEs) are the backbone of many economies, particularly in developing regions like East Africa. They drive job creation, innovation, and economic growth, but they often struggle with one critical challenge: access to financing. The International Trade Center (ITC) has recognized this and has recently launched an innovative solution—the MSME Financing…
The world of internet connectivity is fast-evolving, Starlink, a division of SpaceX, is making strategic moves to expand its market presence. To accelerate adoption, Starlink recently launched rental kits, a significant shift in its strategy that could reshape the landscape of global internet access. The Push for Global Connectivity Starlink’s mission is ambitious: they aim…
Kenya Airways, a beacon of East African aviation, has reported its first profit in ten years. This milestone is a significant turn for the airline, marking a new era of hope and resilience. The aviation industry, globally hit by challenges, is now witnessing a resurgence, and Kenya Airways’ latest achievement serves as a testament to…
Article Highlights: Born from the vision of central banks in Thailand, Hong Kong, China, and the United Arab Emirates, mBridge operates under the Hong Kong BIS Innovation Hub. It’s not a solo act. The project boasts an impressive roster of participants: Africa’s getting in on the action too. The Bank of Namibia, South African Reserve…
The Nairobi Securities Exchange (NSE) is gearing up for a significant transformation. In a move reflecting the global shift towards digital finance, the NSE plans to introduce Digital Asset Exchange-Traded Products (ETPs) to its trading platform. This innovation promises to open up new investment avenues, offering both seasoned and novice investors the opportunity to diversify…
Eldoret’s recent elevation from a town to a city is more than just a change in designation—it’s a transformative moment with wide-ranging implications for its residents and those looking to invest in the region. This milestone is set to reshape the landscape, bringing opportunities and challenges that will define Eldoret’s future. Why Eldoret’s New Status…
Bayer’s Transformation in East Africa Bayer has completed a major shift in its East African operations, transitioning its Pharmaceuticals and Consumer Health business models. This strategic move, effective May 1, 2024, involves outsourcing critical functions like transportation, warehousing, distribution, and customer support to Imperial Distributors. This allows Bayer’s Kenyan entities to focus on corporate affairs,…
On July 31, 2024, the Nairobi Securities Exchange (NSE) saw a landmark event—the formal listing of the Linzi Sukuk bond. This event, attended by President William Ruto, marked the introduction of the first Islamic and Sharia-compliant financial asset on the bourse. This significant step reflects the commitment to diversifying investment options in Kenya’s financial market….
