Acorn Holdings announced that Acorn Project (Two) Limited Liability Partnership, the Issuer of the Acorn Medium-Term Green Note (MTN) Programme, closed the final tranche, raising KES 2.096 billion against the target of KES 1.438 billion.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
Challenging economic factors in 2020 made it a difficult year for Kenyan insurers and reinsurers.
Adrian Kenya yesterday held a groundbreaking ceremony to officially launch the Fibre Infrastructure Relocation project along the Nairobi – Mau Summit Road.
Credit information and decision analytics provider Creditinfo Group has launched a scorecard solution in Kenya tailored for small to medium-sized enterprises (SMEs).
Kenya Electricity Generating Company (KenGen), has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
Whilst Kenya and Tanzania have for years shared strong trade relations, non-tariff barriers, high cost of production and cheap imports from outside the East Africa Community (EAC) region have impacted trade between the two countries.
Eni, Government of Kenya partner to promote decarbonization by strengthening cooperation in the sustainable bio-fuel value chain
Eni and the Ministry of Petroleum and Mining of Kenya signed a Memorandum of Understanding to promote the decarbonization process to tackle climate change through new industrial models of fully-integrated circular economy.
Medical Credit Fund (MCF), the not-for-profit fund for financing small and medium-sized (SMEs) healthcare companies in Africa, announced the disbursement of its first loan within MCF2.
In a world where cybercrime remains rife and is only fuelled by aspects like the pandemic, there is never a moment one should not consider the implications of a cyberattack, warn Kaspersky researchers.
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated the first loan disbursement within MCF2.
[Kenya] Safaricom Partners with 2019 Global Teacher Prize Winner to provide computers and Internet to Nakuru School
Safaricom has joined forces with former Global Teacher Prize winner, Peter Tabichi, to equip Keriko Mixed Secondary School in Nakuru County with computers and internet connectivity.
Skills development and empowerment of women in construction received a boost as real estate developer Gateway Real Estate Africa (GREA), handed over a donation of $40,000 (KES 4,328,000) to Buildher Kenya.
The African Guarantee Fund (AGF), issued a Loan Portfolio Guarantee to Sidian Bank to boost financing of the SME sector in Kenya. The Guarantee line worth half a billion Kenya shillings will be in place for a period of 4 years starting 2021.
CIC Group has launched a claim’s self-service provider portal for Garages and Assessors to increase efficiency in the claims’ reconciliation process.
The partnership seeks to support the growth of SMEs through provision of guarantees for the Bank’s customer loan facilities. One of the challenges that many SMEs face in accessing credit, is lack of adequate collateral to support their borrowing.
In line with its commitment to investing in and amplifying African music, Audiomack has teamed up with entertainment provider, Ziiki Media, to propel the craft of artistes across Kenya, Tanzania, Uganda, and South Africa through marketing campaigns.
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
The demand for steel is increasing in the country, as government-driven infrastructural development, and commercial and residential buildings surge.
Leading global marketing measurement, AppsFlyer, has launched a report with Google that reveals a booming African mobile app market, propelled by a growing fintech space.
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced a $2 million pre-Series A round, bringing total funding to-date to $2.5 million.
Pan-African ICT service provider SEACOM is expanding to bring its software-defined wide area networking (SD-WAN) services to Kenyan businesses, offering reduced connectivity costs, increased security, agility, and local support to customers.
Huawei Mobile Kenya users in Kenya can now make in-app purchases in your favorite AppGallery Apps and games and buy HUAWEI Themes, via M-PESA.
Social impact investor working in the African agriculture sector, AgDevCo, has announce a multi-million-dollar mezzanine debt investment in Victory Farms, a rapidly growing aquaculture company in Kenya.
KQ has launched the Fahari Innovation Hub, a centre for innovation that acts as a springboard for new ideas and data-driven innovations to accelerate impact-driven solutions that address some of the societal and business challenges.
Pipit Global has announced that in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana, consumers can now avail of transactions through the pipit platform at lower rates than ever before.
Powered by improvements in digital infrastructure, Kenya’s growing start-up scene continues to fuel innovation, entrepreneurship, and investment
Asteroid International has announced that it is partnering with Data Centre firm iColo to expand its Kenyan internet exchange services from Mombasa to Nairobi.
Opera is launching Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web browser. Hype is currently available and quickly gaining popularity in Kenya, South Africa, Ghana, Zambia, Nigeria and other English-speaking African countries.
Kenya's brokerage firm EFG Hermes has unveiled a new mobile app to offer retail investors seamless and convenient stock trading on the Nairobi Securities Exchange (NSE).
The Capital Markets Authority (CMA) has signed a Memorandum of Understanding (MoU) with the Kenya Private Sector Alliance (KEPSA) to support market deepening and leveraging capital market products to catalyse growth in line with the Big 4 Agenda and Sustainable Development Goals.
ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs Survey Report shows.
Copia Global, a fast-growing mobile commerce platform built to serve middle to low-income African consumers, has expanded its operations to Uganda.
Working in partnership with Google.org and Google’s University Relations program, Google is sharing 30 new projects that will receive funding and support as part of their AI for Social Good program including those from Sub-Saharan Africa countries.
The Kenya Private Sector Alliance (KEPSA), and Zydii Limited have announced a partnership to provide free digital training to Micro, Small and Medium Enterprises (MSMEs).
FSD Africa launched a first-of-its-kind climate finance training programme, designed to expand access to funding for climate mitigation and adaptation on the continent.
Incentro is directly looking for a Senior back-end developer in Nairobi
Social media adoption helps small and medium-sized businesses power Africa’s economic growth, report
A study conducted by Genesis Analytics in eight African countries - Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya - reveals that social media platforms help accelerate economic growth and opportunity across the continent.
Carbon, the Pan-African fintech company providing access to basic financial services for Africans, announced a strategic five-year partnership with Visa, to offer both digital and physical issuance of Visa cards to its customers.
The Capital Markets Authority (CMA) has issued the first set of licenses to five coffee brokers in line with the Capital Markets (Coffee Exchange) Regulations, 2020. The licenses will allow the brokers to carry out the role of coffee brokerage services at the Nairobi Coffee Exchange (NCE) with effect from 1 July 2021.
More than 1.3 million customers have downloaded the new M-PESA Super App since it was introduced in December last year.
Illicit trade is a longstanding issue, growing in scope and magnitude and derailing economic development. It not only threatens the welfare of consumers but also erodes the market share of genuine manufactured products, threatens the expansion of industries, and hampers the creation of job opportunities.
Equity shareholders resolve to reinforce Group’s governance structure through amendments of its Articles of Association
Equity Group shareholders passed resolutions that will reinforce the governance structures of the Group, continue to diversify the Board composition, and also assure investors of dividend pay-out every year as long as the Company posts profits.
Equity Group and Equity Group Foundation together with the United Nations system in Kenya, and its SDG Partnership Platform, signed a strategic partnership to accelerate the achievement of the Sustainable Development Goals (SDGs) in Kenya by 2030.
The clubs are run by students, for students and act as additional training, incubation and mentorship forums that help equip the students to access digital and digitally-enabled job opportunities.
The Capital Markets Authority (CMA), granted approval to Family Bank to take up a green shoe option of Kshs1 billion after the first tranche of its multicurrency Medium Term Note (MTN) recorded an oversubscription of 147.3 percent.
The Kenya Revenue Authority (KRA), is estimated to collect Kshs. 6.8 trillion over the period 2021/22 to 2023/2024 financial years.
The award is set aside for the Top World Civility Leaders who are making a global impact with their businesses, innovations and initiatives.
A national motorcycle helmet coalition is to be established in Kenya as part of a major effort to increase motorcycle and motorised three-wheeler safety for riders and their passengers.
[Africa Tech Review] Duncan Mochama: MTN is investing $1.5 billion to expand broadband access across Nigeria
MTN announced plans to invest 640 billion naira, approximately US$1.5 billion, over the next three years to expand broadband access across the continent’s most populous country.
Telkom customers will get to enjoy a life-time value of 1GB of Mobile Internet Data and 100 minutes of talk time to make Telkom-to-Telkom calls, for free, every month.
Delta Air Lines and Kenya Airways PLC have expanded their codeshare agreement, increasing the choice of destinations offered by Delta in Africa and extending Kenya Airways’ reach in North America via the U.S. gateway of New York-JFK.
Equity Group and Equity Group Foundation together with the United Nations system in Kenya, and its SDG Partnership Platform have signed a strategic partnership to accelerate the achievement of the Sustainable Development Goals (SDGs) in Kenya by 2030.
Konza Technopolis Development Authority (KoTDA) has announced an early bird incentive to investors taking up land for development at Konza Technopolis (KT).
Safaricom yesterday launched “its M-PESA Super App for customers and its M-PESA for Business App with an “Offline Mode” and “Mini Apps”.
Bolt Food, has expanded its operations into new areas within Nairobi. The service will now be available in South C, South B, CBD, Mombasa Road, Loresho, Girgiri, Kitisuru, Runda, Muthaiga, and Ruaka.
This webinar will consist primarily of a live demo of how VOGSY offers Quote-to-Cash services as a Google Workspace Add-on.
Investment by South African companies has topped $100 million at Tatu City. The 5,000-acre Special Economic Zone – located 30 minutes from central Nairobi – represents one of the largest concentrations of South African foreign direct investment in Kenya and East Africa.
AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon Web Services (AWS) as part of its goal to be a full digital insurance company.
FSD Africa Investments invests $4.5 million to support the scale up of off-grid energy access in African markets
FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has invested $4.5 million in Nithio FI, a renewable energy financing intermediary focused on the Pay as You Go (PAYG) off-grid solar sector, to provide reliable and sustainable renewable energy solutions for households and small businesses in Kenya, Nigeria, and Uganda.
Opera has launched Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web browser. Hype is currently available and quickly gaining popularity in Kenya, South Africa, Ghana and Zambia.
Britam partners with fintech app KOA to enable more Kenyans access to low risk investment opportunities
Britam Asset Managers and Kenya-based fintech startup KOA, have today announced a partnership to offer customers access to low risk investment opportunities.
Three local startups have each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance Kenya Limited (Prudential)
[Kenya] Microsoft's Future Ni Digital Initiative aims to equip local MSMEs owners with digital skills
Future Ni Digital is a digital literacy, entrepreneurship, and career skills programme that seeks to equip over 50,000 owners of Micro Small Enterprises (MSEs) across Kenya with the relevant digital skills by the end of this year.
According to a recent survey, only 36% of Kenyan businesses are aware of privacy laws governing their marketing activities, despite Data Protection Act (DPA) being in effect since 2019.
The NSE Derivatives Market (NEXT), has formally launched the Mini NSE 25 index futures contracts. The Mini NSE 25 index futures contract will appeal to retail investors due to its lower initial margin requirements.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
A recent report by Visa, the world leader in digital payments, has shown that Kenya is among the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years.
The proposition seeks to increase mortgage uptake by prospective homeowners, offering options towards homeownership such as construction loans and home loans for self-employed individuals.
Teddy Kimani is the CEO and Founder of Vukaplus, a Kenyan-based classified ads company that provides an online platform for users to place ads for properties, cars, job vacancies, businesses and services.
These are the Democratic Republic of Congo, Egypt, Ethiopia, Kenya, Rwanda, Eswatini, Zambia and Zimbabwe. This initiative is led by the African Union through the African Civil Aviation Commission (AFCAC).
Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed global campaign to combat global warming, becoming the first public service agency in Kenya company to do so.
The Kenyan government, through the ICT ministry, has expanded the AJIRA Digital Program to all Universities and TVETS across the country.
Telcoin, a blockchain-powered fintech disrupting the $700 billion international remittance industry, has extended its digital money transfer service to 23 additional mobile money platforms in 16 countries.
IFC announced partnership with Kenyan firm Belco Realty to support the development of a mixed use affordable living complex that will consist of 1,379 residential units and over 4,500 square meters of retail and commercial space in Mombasa county.
Sustainable Development Goals (SDGs). Indeed, if the past year is anything to go by, the need to restore the planet has been underscored by the ensuing consequences of the COVID 19 pandemic.
Helium Health, the largest Electronic Medical Records (EMR) and Hospital Management Information (HMI) Systems provider in West Africa has announced the launch of its full suite of products and services in Kenya.
The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its new market direction.
Like the rest of the world, Kenya’s food systems are in the middle of a digital revolution as the COVID-19 pandemic brought in the weaknesses of present food systems.
KEPRO brings together players in the value chain and aims to promote collaboration, seek commitment by waste value chain players and support the achievement of a circular economy in Kenya.
Ada Labs Africa and AI Center of Excellence lead Next Generation of AI Innovation in Africa with NVIDIA
Ada Labs Africa and AI Center of Excellence (AICE) have today announced an initiative with NVIDIA to contribute to the digitization of the African continent through artificial intelligence (AI).
This means that, the border regulatory officials clearing traffic, cargo and persons from both Ethiopia and Kenya will now physically relocate and sit side by side on either side of the border.
An initiative to equip over 50,000 owners of Micro Small Enterprises (MSEs) with the relevant digital skills by the end of this year has kicked off in Nairobi,
[South Africa] Wuri Ventures and Capria Ventures invest $1.5 million in mobility data startup WhereIsMyTransport
Pan-African VC fund Wuri Ventures and leading global investment firm, Capria Ventures, have announced a new investment in South Africa's mobility data start-up WhereIsMyTransport.
On-demand delivery startup Glovo has opened its first African Micro-Fulfillment Center in Nairobi. The center is located at AEA Plaza on Valley Road
Nigeria, Kenya, South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa, Visa research
A recent Visa report has shown that the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria, and Kenya, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020.
The Food and Agriculture Organization of the United Nations (FAO) HAS launched the frontline In-Service Applied Veterinary Epidemiology Training (ISAVET) for the first Kenyan cohort of veterinarians and para-veterinary professionals.
On-demand transportation platform Bolt, has introduced electric tuk tuks, and e-bicycles on its platform as the company expands its greener transport options in Kenya in the food category.
Technology startup Amitruck and waste management solutions provider Sanergy have announced a partnership to tackle waste management in Nairobi, Kenya.
The resilience of women in entrepreneurship and business does not go unnoticed. It is their agility to overcome archaic beliefs and tough situations that have proven their worth.
[Kenya] COVID-19 Pandemic Worsens Harassment and Data Privacy Breaches By Mobile Money Lenders, Ajua Report
Digital lenders continued to harass defaulters and violate their consumer data rights. This is according to Ajua’s Quarter 1 2021 Customer Loyalty Industry Benchmark Report released recently.
Equity’s digital business transformation model continues to pay off through innovation and digitization enabling a seamless transition from fixed cost to 3rd party variable cost channels and self-service platforms.
The company has so far drilled 29 metres against a possible maximum of 3,000 metres, further entrenching KenGen’s foothold in the Horn of Africa as a leader in geothermal energy production.
[Kenya] Industrialization Ministry launches Startup Savanna, a business acceleration programme for early-stage startups
The Kenyan Ministry of Industrialization has launched Startup Savanna, an international business acceleration programme that will link Kenyan startups to global angel investor and business support resource networks.
The Federal Development Ministry (BMZ) has expanded its developPPP Ventures programme in Kenya to support local startups.
[Kenya] Credit Bank Partners with CapitalPlus Exchange and Eneza Education to Increase Access to Education Materials
Credit Bank today announced a partnership with CapitalPlus Exchange Corporation (CapPlus) and Eneza Education that will see the bank’s customers access education materials for free via Eneza’s virtual tutoring platform.
Developed in collaboration with the Swedish fintech Doconomy, the Mastercard Carbon Calculator is a feature that provides access to insights and data about environmental impact
[Kenya] COVID-19 Pandemic Worsens Harassment and Data Privacy Breaches By Mobile Money Lenders, Report
Despite high interest rates, the allure of quick cash has made mobile money lenders a preferred credit facility for many Kenyans who still find themselves unable to access traditional banking services.
Lori Systems, Africa's e-logistics platform has announced the appointment of Uche Ogboi as its new Chief Executive Officer.
The Board of the Capital Markets Authority (CMA), granted approval to Synesis Capital Limited to register Masaru Unit Trust Fund as a Collective Investment Scheme consisting of two sub-funds; Masaru Money Market Fund and Masaru Wealth Fund.