Why the Dollar Has Stayed at Around KSh 129 in Kenya for More Than Two Years
For anyone watching the Kenyan shilling, one number has become unusually familiar: KSh 129 for one US dollar. The shilling has remained remarkably close to the KSh 128–130 range since around August 2024, after recovering sharply from its record weakness earlier that year. As of September 24, 2026, the Central Bank of Kenya (CBK) quoted […]
IBTC Data Centre Academy Expands into Kenya with Support from Schneider Electric University, ADCA and Industry Partners
Nairobi (Kenya), 9th September 2026 – The International Business Training College (IBTC), through its Data Centre Academy, has expanded its data centre workforce development programme into Kenya with the support of Schneider Electric University, the Africa Data Centres Association (ADCA) and other ecosystem partners. Formalized during ITW & Datacloud Africa in Nairobi, the initiative aims […]
13 Kenyan Startups That Raised Sh93 Billion but Collapsed
Kenya’s startup ecosystem has attracted billions of shillings in venture capital over the past decade, helping companies build digital platforms in areas ranging from agriculture and logistics to fintech, e-commerce and climate technology. But raising large amounts of capital has not guaranteed survival. Thirteen Kenyan startups raised a combined about Sh93 billion before shutting down, […]
Quickmart IPO Explained: What Investors Need to Know About the NSE Listing
Quickmart PLC, one of Kenya’s largest modern grocery retailers, plans to list its shares on the Main Investment Market Segment of the Nairobi Securities Exchange (NSE), opening the supermarket chain’s ownership to Kenyan and other eligible investors. The proposed Quickmart listing will involve the sale of existing shares rather than the issuance of new shares. […]
Airtel Africa IPO Puts Airtel Money on Track for London Stock Exchange Listing
Airtel Money has announced plans to list its shares on the London Stock Exchange as the African digital financial services platform prepares for its next phase of growth across the continent. Airtel said it intends to undertake an initial public offering (IPO) and seek admission of its ordinary shares to the equity shares category of […]
What It Takes for a Kenyan Bank to Make Forbes’ World’s Top Performing Banks List
Four Kenyan banks have made Forbes’ inaugural World’s Top Performing Banks 2026 ranking, among 500 banks assessed across 89 countries. But unlike Forbes’ separate World’s Best Banks ranking, which is based largely on customer surveys, the new list is built around financial performance. Forbes developed the ranking with Statista using financial data, desk research and […]
10 Kenyan Banks Breached Single-Borrower Limits in 2025, CBK Bank Supervision Annual Report Shows
Kenya’s banking sector recorded multiple regulatory breaches in 2025, with commercial banks found to have violated requirements covering credit concentration, insider lending, capital adequacy, foreign exchange exposure, liquidity and corporate governance, according to the Central Bank of Kenya (CBK). The findings were contained in the CBK’s 2025 Bank Supervision Annual Report, which reviewed compliance by […]
African Banks Are Making More Money Than Global Peers, What’s Driving It
African banks have delivered some of the strongest profitability in global banking in recent years, with average return on equity (ROE) reaching 19% in 2024 before easing to 17% in 2025. The performance was nearly twice the global banking average of about 10% in both years, according to McKinsey’s March 2026 report, From Potential to […]
The Race for Africa’s Banking Market Is Heating Up, Here’s Where Banks Are Going
Banks from Nigeria, South Africa, Kenya and Morocco are expanding deeper into other African markets as lenders seek new sources of growth, support customers operating across borders and reduce their exposure to economic shocks in individual countries. The expansion is accelerating as African banking groups acquire businesses previously owned by European banks, enter markets with […]
House of Botswana’s Diamonds & The Delta lit up NYC with Rapsody, Maino & OVO’s Roy Woods Jr., spotlighting Botswana’s rise on the world stage.
“Botswana’s story deserves a global stage. At TIME Africa, we’re not simply showcasing Africa’s influence, we’re building the global connections that turn that influence into lasting impact.” — Jason Coke, Managing Partner, Global Venture Partners | Time Africa House of Botswana hosted Diamonds & The Delta, an intimate evening bringing together leading voices in music, […]