Real estate developer Superior Homes Kenya has signed an agreement with KCB Bank Kenya to bolster the mid-income and premium housing market segments. Under the agreement, KCB Bank will provide mortgage financing for Superior Homes Kenya’s mid-tier and premium housing projects, offering structured repayment plans, extended tenure options, and dedicated customer support to streamline the application and approval process. The partnership leverages the Kenya Mortgage Refinance Company (KMRC) facility, enabling up to 105% borrowing to cover mortgages and closing costs. “Whether you’re a first-time buyer, an investor, or living abroad, this partnership makes homeownership more accessible and financially sustainable while…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Radisson Hotel Group’s expansion in East Africa, particularly in Tanzania, marks a key milestone in its regional growth strategy. Over the past 15 months, the group has expanded into Tanzania, a vibrant East African market with growing tourism and business potential. This strategic entry enhances the group’s diverse portfolio, which now spans 100 hotels across more than 30 African countries. The move aligns with Radisson’s broader goal of geographical diversification while capitalising on East Africa’s economic and tourism growth. “Tanzania represents a pivotal step in our East African expansion,” said Ramsay Rankoussi, Vice President, Development, Africa and Türkiye, Radisson Hotel…
The Nairobi Securities Exchange Plc (NSE) launched the NSE EmpowerHER Patrons Circle, a leadership and advocacy platform dedicated to advancing gender inclusion, improving women’s access to capital, and expanding investment opportunities across Kenya. The launch event was attended by Ms Mary Muinde, Chief of Staff in the Office of the First Lady, Mrs. Rachel Ruto, who highlighted the First Lady’s commitment to women’s economic empowerment. We’re thrilled to welcome our inaugural NSE EmpowerHER Patrons Circle—today, leaders joined forces to champion women’s voices in finance. Together, we’re turning strategic vision into lasting change, because when women thrive, markets thrive. #EmpowerHER #InclusiveGrowth…
The African Export-Import Bank (Afreximbank) plans to launch a $1 billion Africa Film Fund through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), as part of its Creative Africa Nexus (CANEX) Programme. This private equity fund aims to support the production and global distribution of high-quality African films and television series, addressing challenges such as limited funding, scalability, and access to global markets. Announced at CANEX Weekend 2024 in Algiers, Algeria, in October 2024, the fund seeks to empower African filmmakers to create globally appealing content, amplifying Global Africa’s cultural influence. It will mobilise patient capital…
Bank Al Habib Limited (BAHL), a Pakistani commercial bank, will close its Nairobi representative office effective May 15, 2025, following approval from the Central Bank of Kenya (CBK) on April 30, 2025. Strategic Closure and Regulatory Compliance The closure aligns with the Banking Act (Cap. 488, Laws of Kenya) and CBK’s Prudential Guidelines. It follows a strategic review by BAHL’s Board of Directors as part of a global restructuring initiative to consolidate international operations and enhance efficiency. “BAHL hereby notifies its customers, the general public, stakeholders, and all interested parties that BAHL shall close down its Representative Office in Kenya…
EV Explorers has made history as the first team to enter a zero-emission electric vehicle (EV) in the Rhino Charge, a renowned annual off-road 4×4 competition in Kenya. This milestone marks an advancement in sustainable mobility, demonstrating the capability of EVs in extreme off-road conditions while supporting the conservation efforts of the Rhino Ark Charitable Trust. A Historic First for Rhino Charge The inclusion of an EV in the Rhino Charge’s 35-year history underscores the growing interest in climate-smart technologies. The event raises funds for conservation and has amassed over KES 2.4 billion ($18.56 million) since its inception. These funds…