Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.
With the previous system, the company struggled with interbranch and regional reporting, order processing, and visibility, as well as business controls and approvals.
The coffee brokers were licensed under the Capital Markets (Coffee Exchange) Regulations, 2020. This brings the number of coffee brokers so far licensed by CMA to ten.
The Central Bank of Kenya (CBK) has granted operating licenses to an additional 12 Digital Credit Providers (DCPs), bringing the total to 22.
Kenya's Shadrack Kiprotich is the 2022 recipient of Microsoft's Most Valuable Professional (MVP) Award for actively sharing high-quality expertise with other technology professionals.
Don Okoth is General Manager for Kenyan Fulfillment and Logistics startup Sendy. In this interview, he talks about the current state of logistics in Kenya and beyond, including Sendy's role in shaping the industry.
Khawaja takes over from John Ngumi who resigned from the position earlier in the month to focus on developing green energy generation projects across Africa.
Zuri Health has raised an undisclosed amount of funding from Moroccan VC UM6P Ventures. The funds will be used to support Zuri’s growth and expansion across Africa.
Speaking during the partnership launch, Principal Secretary, State Department of Industry, Dr. Juma Mukhwana appreciated the role of the Textile and Apparel sector in driving the country’s economic growth.
Intellimedia Networks, a provider of technology solutions for government, educational institutions, and businesses, has announced the expansion of its operations into Africa with a new presence in Nairobi, Kenya.
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
With stable internet connectivity spread out throughout the continent, and greater bandwidth being consumed, we can finally drive down the cost of connectivity.
Azercosmos partners with CommsCarrier to bring internet services to government organizations in Africa
Azercosmos has signed a collaboration agreement on long-term projects with CommCarrier Satellite Services, the provider of satellite services in Kenya.
With an estimated global market value of $478.36 billion this year, which is set to grow exponentially, IoT technology has the potential to become the next-generation business solution and enabler of new digital functions and services.
Epson has unveiled the production of sustainable textile creations, made possible through the utilization of its digital textile printing technology.
On January 20th, the County of Vihiga in Western Kenya signed a Memorandum of Understanding with The Water Project, a U.S.-based NGO building sustainable water projects to bring clean, safe, and reliable water to the communities of Vihiga County.
Given the transportation sector is the second highest contributor to greenhouse gas emissions, the urban logistics sector in Africa and across the globe urgently needs to adopt new technologies and business models to fight climate change, which disproportionately affects African countries.
BasiGo, the Kenyan-based electric manufacturer has partnered with the Associated Vehicle Assemblers Ltd (AVA) to assemble its buses in the country.
Konza Technopolis Development Authority (KoTDA) has initiated talks with financiers who will provide access to affordable and long-term credit to its investors.
Digital insurance platform mTek has partnered with Kyosk.app and Fin Africa to provide insurance covers to over 100,000 small-scale corner shops commonly known as dukas.
Agriculture deals worth multi-million dollars to be struck next month as investors throng the Kenyan capital for the 6th edition of Africa Agri Expo (AAE) in February 2023.
Nigeria, Egypt and Kenya to be among the top 10 countries to benefit from adaptation investment, study
Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets hundreds of billions in climate damages and lost GDP growth this decade, according to a new study by Standard Chartered.
SweepSouth, a South African cleaning startup that recorded quick growth through several funding rounds has informed its customers that it’s closing down its Nigeria and Kenya offices.
The Capital Markets Authority (CMA) has extended the in-principle approval granted to the Nairobi Coffee Exchange (NCE) to continue operating as a coffee exchange to April 30, 2023.
ADC’s expansion at the new site will be completed in the first half of 2024 and will bring five times more capacity than is currently installed.
Advancing Women in Investing (AWI) is excited to be part of the $1 million seed round for Uncover alongside FirstCheck Africa, Future Africa, and IgniteXL as well as angel investors ex-SokoWatch COO Kwenhui Tawah and WPP Scangroup CEO Patricia Ithau.
Dutch development finance institution MO has provided a $15 million and $5 million senior term loan to Wat Credit Kenya and Wat Credit Uganda, respectively.
African Stream, a newly created social-media platform with its headquarters in Nairobi, Kenya brands itself as a tool that seeks to challenge negative stereotypes and give a voice to Africans through cutting-edge, African-centered content.
Starlink, the satellite internet company owned by billionaire Elon Musk has indicated that it will be launching in Kenya by the second quarter of the year.
With the help of a Cisco grant, Kenyan-based social enterprise company One Acre Fund has launched a mobile application, the Tupande app, that helps smallholder farmers order and access high-quality seeds and fertilisers.
The startup which digitizes credit unions (SACCOS) has also acquired IRNET, a software company which is a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCCO LTD) for an undisclosed amount.
Glovo's data on key trends shaping 2022 in the Kenyan market shows a 160% increase in local food orders compared to 2021.
Access Holdings had earlier announced that its flagship subsidiary, Access Bank Nigeria, had entered into a binding agreement with Kenyan-based Centum Investment, for the acquisition of the entire 83.4% shareholding held by Centum in Sidian Bank.
Boda Boda riders to benefit from affordable insurance as IMS Boda Boda and Lami Technologies partner to digitize access to coverage.
Sama, Facebook's largest content moderator has discontinued its services for the social media company. Following this shift, Sama will release about 3% of its workforce, most of them from its moderation hub in Nairobi.
Kenyan fintech firm Kwara has acquired IRNET, a software company which is a subsidiary of the Kenya Union of Savings and Credit Cooperatives (KUSCCO LTD) for an undisclosed amount.
What are the key fintech trends and factors, which will affect online business in the nearest future, and what a great role Kenya is going to play in this process?
Former Principal Executive Director at Britam PLC Stephen Wandera has launched a mentorship programme aimed at equipping teenagers with the necessary skills to be prepared for the future.
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a $2 million investment in 10 startups developing solutions to improve the resilience of communities most vulnerable to climate change in Africa.
Under the Framework of Cooperation, KAM and Mombasa County Government shall establish an incentive framework for the payment of rates and other duties under the Mombasa County Finance Act 2022-2023.
In a recent interview with Tech Journalist Nixon Kanali, Rami Osman, the company’s Director, Corporate Sales and Marketing MEA said the company will continue local testing to make 5G a reality.
The report dubbed The Kenyan Startup Ecosystem Report 2022, says that fintech is leading in terms of levels of activity in Kenya
The Capital Markets Authority (CMA), granted a ‘No Objection’ to Acorn Investment Management, to roll-out a retail investor aggregator platform ‘Vuka’ to the mass market upon the successful completion of the test in the CMA Regulatory Sandbox.
Google has announced it will introduce a 16% Value Added Tax (VAT) on some of its goods and services sold in Kenya from February 1, 2023.
Globeleq has signed financing agreements with the AfDB, Finnfund and the Eastern and Southern African Trade & Development Bank (TDB) with regard to the US$72 million debt funding for the 35MW Menengai geothermal project in Nakuru County, Kenya.
FinTech enabler Ukheshe International attracts investment from DPI and Fireball Capital to fuel international expansion.
Customers on the taxi-hailing platform Bolt prefer shorter trips that are less than 10km with more than 5 million rides taken over short distances. This is according to the firm’s 2022 end-of-year data insights released last week.
. This expansion provides Iristel a presence in Africa, as it looks to expand its wide range of communications solutions to new emerging markets.
Surfshark Antivirus reported a rise of 572% in cyber threats in Kenya in mid-December. Kenya had a threat rate of 16 threats per 100 scan cycles with the most common threats being riskware and SPR.
97% of Kenyan respondents say climate change is already affecting their everyday life.
To support the development of small enterprises (MSMEs) and individuals in sub-Saharan Africa, Swedfund is investing an additional EUR 15 million in the microfinance institution Platcorp, targeted at clients in Kenya, Uganda and Tanzania.
The region's leading agricultural 2-day event - AAE 2023 will happen on 8th February to 9th February at the Kenyatta International Convention Centre (KICC) and is designed to provide solutions to Farmers, Agribusiness professionals, Agronomists, Government representatives to improve their yields and revenue.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
The Kenya Trade Network Agency (KenTrade) has launched an Applications Performance Monitoring tool that will help monitor and track the performance of the National Electronic Single Window System, which is also known as the Trade Facilitation Platform.
Priority trade flows into Kenya are being jointly supported by the Eastern and Southern African Trade and Development Bank (TDB) and the Arab Bank for Economic Development in Africa (BADEA), through trade finance facilities.
The Capital Markets Authority (CMA), announced the issuance of licenses to four companies under the Capital Markets (Licensing Requirements) (General) Regulations 2002 and one under the Capital Markets Regulations, 2017.
The U.S. Trade and Development Agency awarded a grant to Nairobi-based internet service provider Poa Internet Kenya Ltd, for a feasibility study to help expand affordable internet connectivity to one million households in low-income urban areas outside of Kenya.
The recent crackdown on various forms of illicit goods revealed the extent to which criminal networks have proliferated in our nation and posed a threat to the lives and safety of all citizens.
The Italian Agency for Development Cooperation (AICS), the Embassy of Italy in Nairobi and Eni have launched SEMAKENYA II programme to test climate-resilient agronomic practices and technologies in Makueni County.
Nexgen Packaging, provider of trim and packaging solutions for retail and brands, announced the construction of its African headquarters in Nairobi, Kenya.
[Kenya] Tech for Climate Action Hackathon encourages youth to develop tech-based solutions to climate change
Jacob’s Ladder Africa and Moringa School announced the winners of the Technology for Climate Hackathon which challenged young people to develop innovative tech-based solutions to address the impact of climate change in the country.
Kenya’s digital literacy gap is set to narrow further as the first ever mobile computer lab scales up its activity across the country with half of its beneficiaries expected to be girls and women.
The chipset is the world’s first TSMC chip built on the 4nm process and uses Arm’s new v9 architecture promising users faster performance and better power efficiency.
Kenya Airways and Saudi Arabian Airlines expand codeshare agreement to include direct Mombasa flights
The code share extension will allow seamless connections on one ticket to and from the Saudi Arabian Airlines network, including the Kingdom of Saudi Arabia and Pakistan, among other points in the Middle East, via Kenya Airways flights from Dubai to Mombasa.
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
To support businesses in debt and lenders that are managing non-performing loan (NPL) portfolios, IFC, asset manager Nimble Group, and South African financial partners launched a facility that will invest in distressed assets in six countries in sub-Saharan Africa, including South Africa.
TDB and BADEA support priority trade flows in Kenya with multiple trade finance facilities of USD 600M
Priority trade flows into Kenya are being jointly supported by the Eastern and Southern African Trade and Development Bank (TDB) and the Arab Bank for Economic Development in Africa (BADEA), through several trade finance facilities and limits of USD 600m.
The Government of Kenya through the ICT Authority today launched Free Public Wi-Fi at Wakulima Market situated in Nairobi County’s Muthurwa area.
The amount of online-fraud attacks usually rise dramatically before the holidays along with the consumers’ need for shopping and, as a result, the need for additional credit means.
Caroline Mutuku is the new General Manager for Glovo Kenya. The multi-category platform announced her appointment on Wednesday.
Under the deal, schools will access classroom licenses at discounted price of KShs26,622, down from KShs.29,580.
Initially, over 600 SMEs will be invited to go through the digital credit process and credit-readiness program run by Melanin Kapital, apply for a loan from Absa Bank that will be guaranteed by the AGF.
African Guarantee Fund has partnered with National Bank of Kenya (NBK) to offer a partial guarantee in respect of defaults arising from loans to various private and public sector SMEs in the Water, Sanitation and Hygiene (WASH) sector, women-led businesses and Green Financing in Kenya.
SeamlessHR is an end-to-end HR and Payroll technology focused on helping businesses in emerging markets increase their productivity by deploying well-designed, world-class technology solutions.
This recovery was dampened by global commodity price shocks, the long regional drought, and uncertainty in the run up to the 2022 general elections.
Many employees from various departments took to their LinkedIn accounts to announce the developments which were later confirmed by VP of Engineering Erin Furaso in a social media post.
Beko, one of the top 3 large home appliance brands in Europe with a strong footprint in Africa has announced its entry into the mobile commerce space with the rollout of a WhatsApp-powered service
To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries.
The Skills for Jobs Learning Pathways program has been introduced locally as a build-up to the success of Microsoft's Global Skills Initiative which was launched in June 2020
iColo CEO Ranjith Cherickel while speaking during a recent media tour of the firm’s recently opened Mombasa (MBA2) data centre said this increased demand is expected to be in line with the country’s GDP.
[Kenya] Britam partners with digital insurance platform mTek to provide MSMEs affordable business cover
Additionally, the cover protects the MSMEs against loss of income in the event of fire or hospitalization and also protects the owner against the risks of death or disability caused by an accident.
Kenya Innovation Week kicked off in Nairobi on Tuesday to showcase UK-funded programmes that are breaking ground with emerging technologies and initiatives.
This partnership enables Copia’s diaspora and urban customers to conveniently initiate transactions and purchases for their loved ones in rural areas in Kenya using the Cellulant network.
Verified.Africa, the pioneer of ID verification, document verification and digital KYC compliance solutions, announced it has launched in Kenya.
SkyGarden which has raised north of $6,000,000 prior to this acquisition, will now be fully owned by Lipa Later Group and will continue to operate using its name.
Known as The Walimu Co the project also seeks to provide internet, certified professional development and solar power for KES 1800 - 2500 per month.
Kenya's Asset Recovery Agency (ARA) has dropped fraud charges against Nigerian fintech Kora. The startup was in July accused of money laundering and card fraud in the country.
In 2012, the Kenyan government announced a ban on genetically modified organisms (GMOs).
Former Jumia executives have launched a new e-commerce company called “Kapu” that allows customers in cities to shop & save on their weekly grocery basket.
Badili Africa, a company that allows customers to trade in their old phones for new ones at friendly prices has raised $2.1 million in pre-seed funding.
The firm has secured a piece of land adjacent to its existing data centre in Nairobi, Kenya to build the new facility set to be completed in the first half of 2024.
Kenya's President Dr. William Ruto officially launched Ksh.50 billion Hustler Fund, a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs).
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
TRADE X provides auto dealers, car rental companies, fleet owners and mobility solution providers with a seamless end-to-end process for the sourcing and distribution of cross-border vehicle inventory.
Periculum, a data analytics firm that uses machine learning to provide real-time solutions to individuals and organizations has introduced Utambuzi, a personal finance management product to help users manage their income and expenses.
[Column] Michael Mwangi: Accelerate digital transformation in the SME sector to boost growth of e-commerce
Digitisation of small businesses supports the overall growth of the economy, given the important role they play in the wider economic picture.
Agri-tech startup Twiga Foods has launched a multi-million dollar distribution centre aimed at serving manufacturers, brand owners, and farmers across East Africa.
Leta, a Kenyan B2B supply chain and logistics SaaS provider launched last year to optimize fleet management, is looking for growth opportunities in West Africa, even as it scales operations in its existing five markets.
Kenyan women will have a higher chance of joining the cybersecurity profession following an affirmative approach taken by the Kenya Bankers Association, Serianu and USIU in their novel Cyber Shujaa program.
NopeaRide, the first fully-electric taxi company that has been in operation since 2018 is folding up its business in Kenya, after failing to raise additional funding to keep it afloat.