Climate Finance

Kenya Approves First National Drone Corridor at Konza Technopolis, Boosting Innovation and Economic Growth

Kenya has approved its first drone corridor at Konza Technopolis, enabling safe BVLOS operations and boosting innovation, research, and economic growth. Spearheaded by the Konza Technopolis Development Authority (KoTDA), the drone corridor is Kenya’s first designated and controlled airspace specifically dedicated to Beyond Visual Line of Sight (BVLOS) drone operations. This move places Kenya among […]

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Unilever and Equity Bank Launch Sh2.4 Billion Credit Facility to Empower Kenyan SMEs

Unilever Kenya and Equity Bank have launched a Sh2.4 billion initiative to support SMEs, boost supply chains, and improve nationwide product availability. The partnership will see Equity Bank provide customised working capital loans to Unilever’s network of distributors. These loans are tailored to help distributors improve inventory levels, expand into new and underserved markets, and

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New AIBK–Birdview Deal Aims to Grow Insurance Coverage in Kenya

The Association of Insurance Brokers of Kenya (AIBK) has partnered with Birdview Microinsurance, to boost the uptake of microinsurance across Kenya. The collaboration is grounded in a shared vision to deepen insurance penetration in a country where most low-income households, informal sector workers, and small businesses remain excluded from traditional insurance services. Speaking during the

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Startups in Kenya Attract KSh17 Billion in First Half of the Year

Kenya’s tech ecosystem is thriving, with local startups raising an impressive KSh17 billion  in the first half of 2025.  According to The Big Deal, a well-respected U.S.-based newsletter that tracks startup funding trends across Africa. This marks a 12% increase compared to the same period in 2024, showcasing growing investor confidence in Kenya’s innovation-driven economy.

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East Africa Among Beneficiaries of Green Climate Fund’s $1.2 Billion for Climate Action

The Green Climate Fund (GCF) has announced a record-breaking $1.2 billion investment package to support 17 new climate action projects across Asia and Africa, marking its largest funding round to date. The approval, granted during a recent board meeting attended by donor countries ,including the United States ,comes at a time when global development aid

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Kenya’s Economy Maintains Growth Momentum with 4.9% Rise in Q1 2025

Kenya’s economy recorded a 4.9% growth in the first quarter of 2025, sustaining the same momentum observed during the corresponding period in 2024, according to the latest Quarterly Gross Domestic Product (GDP) Report by the Kenya National Bureau of Statistics (KNBS). The expansion was underpinned by notable improvements in several key sectors, with agriculture, information

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CPF Group Assets Surge to KSh85 Billion in 2024 as Membership Grows Sharply

The CPF Group has recorded impressive financial performance for the year ending 2024, with its total assets under management hitting KSh85 billion, buoyed by strong growth across its pension schemes and a significant increase in membership. The Group’s flagship retirement schemes posted robust results, reflecting prudent investment strategies, operational efficiency, and expanding reach among Kenyan

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Kenya Champions Ethical AI Integration to Revolutionize Payments and Public Service Delivery

Kenya has initiated programs aimed at promoting the ethical and inclusive integration of Artificial Intelligence (AI) in public service delivery and digital payment systems, with the goal of enhancing efficiency and bridging the digital divide.  This commitment is anchored in the recently launched National AI Strategy, which aims to simplify access to government services, particularly

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Kenya’s BuuPass Lands Investment from Yango Ventures’ $20M Africa-Focused Fund

Kenyan mobility tech startup BuuPass has secured investment from Yango Ventures, the venture capital arm of global ride-hailing and tech giant Yango Group, marking one of the first investments from its newly launched $20 million fund focused on early-stage startups in Sub-Saharan Africa. Founded in 2016 by Sonia Kabra and Wyclife Omondi, BuuPass has rapidly

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Kenya to Host EBRD’s Africa Hub to Empower MSMEs

The European Bank for Reconstruction and Development (EBRD) is set to establish its first African continental office in Nairobi, a move set to significantly enhance support for Kenya’s Micro, Small and Medium Enterprises (MSMEs) and strengthen Public-Private Partnerships (PPPs). Speaking on the sidelines of the Fourth International Conference on Financing for Development in Seville, Spain,

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