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Showing posts from November, 2025

World Bank Revises Kenya’s Economic Growth Forecast Upward to 4.9% Amid Construction Sector Recovery

  The World Bank has revised Kenya’s economic growth projection upward to 4.9%, buoyed by a strong rebound in the construction sector and renewed momentum in infrastructure development. The updated outlook reflects growing confidence in Kenya’s ability to stabilize its economy despite fiscal pressures, high living costs, and global economic uncertainty. The construction industry—long a key engine of Kenya’s GDP—has shown notable resilience as both government and private investors accelerate projects in transport, housing, energy, and urban development. Major road upgrades, affordable housing initiatives, water projects, and improvements in power transmission have collectively helped revive activity across the sector, stimulating demand for materials, labor, and related services. According to the World Bank, the recovery in construction is not only driving direct economic output but also creating ripple effects in manufacturing, trade, logistics, and financial services. The renewe...

Kenya’s Roam Opens Pre-Series B Round to Retail Investors

  Kenya’s electric mobility pioneer Roam has announced the opening of its Pre-Series B funding round to retail investors , marking a significant step toward democratizing investment in Africa’s clean transportation revolution. The move comes as the company accelerates its mission to make electric mobility accessible and sustainable across the continent. By opening this round to smaller, individual investors, Roam aims to deepen public participation in Africa’s green transition while expanding its manufacturing and distribution capacity for electric motorcycles, buses, and charging infrastructure. Founded in 2017, Roam (formerly known as Opibus) has established itself as one of Africa’s most promising electric vehicle (EV) startups, with operations centered in Nairobi. The company designs, manufactures, and deploys locally built electric motorcycles and mass transit buses tailored for African conditions. Roam’s decision to welcome retail investors in its upcoming Pre-Series B rou...

Kenya Advances Digital Economy with First Software and AI Summit

  Kenya has taken another bold step toward cementing its status as a technology powerhouse in Africa with the launch of its first-ever Software and Artificial Intelligence (AI) Summit . The groundbreaking event brought together policymakers, tech entrepreneurs, global innovators, investors, and academia to explore how software development and AI can drive Kenya’s digital economy. Organized under the Ministry of Information, Communications, and the Digital Economy, the summit marked a major milestone in the country’s ongoing effort to position itself as a regional leader in digital transformation and innovation. The summit, held in Nairobi, showcased Kenya’s growing reputation as the “Silicon Savannah” , where technology-driven entrepreneurship is fueling economic growth. With themes focused on AI innovation, digital infrastructure, software engineering, and data governance, the event served as a platform for thought leaders to discuss how emerging technologies can address real-wo...