The main port in Kenya, serving multiple countries in the area, experienced an 11.9% increase in container traffic in 2023. This growth reflects a rebound in trade and economic activities, according to the Kenya Ports Authority (KPA). The traffic at Mombasa Port serves as a barometer for economic activity in neighboring countries such as Uganda,…
In a groundbreaking development, Kenya and several other African nations have successfully secured climate-related financing deals, amounting to a staggering $23 billion (Sh3.36 trillion), during the inaugural climate summit held in Nairobi. These substantial investments are set to bolster Africa’s green initiatives significantly. President William Ruto expressed his satisfaction with the three-day Africa Climate Summit,…
The Central Bank of Kenya (CBK) has raised concerns about microfinance banks (MFBs) charging high interest rates, up to 32 percent, on loans to small and medium enterprises (SMEs). These high interest rates are despite the requirement for collateral and are seen as a potential hindrance to the growth of SMEs. Here are the key…
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore unit trust fund investments. This initiative opens up a gateway for retail investors to tap into the dynamic US, European, and Asian equities and bonds markets. Expanding Investment Horizons with Signature CIO Funds These innovative investment opportunities, known as the…
