Nairobi will host the Nairobi Private Wealth Conference (NPW) on June 11, bringing together leading African family-owned businesses and private wealth experts to discuss intergenerational wealth transfer and governance.

• 135,200 millionaires and 21 billionaires in Africa hold a combined $2.5 trillion in investable wealth.
• Organized by Tarra Agility Africa and HNW Advisor, the event is a response to the region's need for integrated wealth strategies.
• Introduces the Nairobi Private Wealth Breakfasts, a quarterly expert-led series on legacy planning and global expansion.

Pesapal has partnered with RACK to provide a digital point-of-sale solution for small and medium sized enterprises across Kenya, Uganda, and Tanzania, aiming to streamline their sales, inventory, and payment processes.

• Over 80 percent of the 30 million SMEs in East Africa operate informally with outdated tools.
• Agosta Liko, CEO of Pesapal, emphasized the partnership addresses critical challenges for businesses in the region.
• The RACK POS system will enable SMEs to create verified digital records, unlocking access to credit and enhancing operational efficiency.

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.75% to encourage credit growth and boost economic activity.

• The new rate aims to spur private sector lending and investment.
• CBK Governor Kamau Thugge emphasized the need for further easing if necessary.
• The Monetary Policy Committee plans to meet again in August to assess the rate cut's impact.