Twiga Foods has raised new capital to fund the firm’s transformation and growth plans, anchored by Creadev and Juven, with participation from other existing shareholders. Hein Pretorius, Twiga’s chairman, commented: “The company has undertaken a [c]
Bolt, the on-demand mobility company in Africa and Europe, has announced the appointment of Caroline Wanjihia as the Regional Director for its ride-hailing operations in Africa and International Markets (that is Middle East, Asia and [c]
He joined the CASIO in early 2016 as the head of Global Marketing after a 10-year stint at SONY. He was later made GM before becoming the timepiece brand’s MD for Africa and the Middle [c]
CyberSOC Africa, a cybersecurity firm, has settled on Kenya as the launch pad for its pan-African cybersecurity expansion. The strategic move seeks to empower Kenyan organizations to thrive within a secure digital environment, making significant [c]
Seiko Epson Corporation has established a new sales company, Epson Middle East [EME], reflecting the tremendous potential to accelerate expansion in key markets including Africa, Caucasus, Central Asia, the Middle East, Moldova, Türkiye, and Ukraine, [c]
Moove, the mobility fintech, has announced that it has secured $76 million in new funding, consisting of $28 million in equity from new and existing investors, in a process led by Mubadala Investment Company (Mubadala), [c]
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has secured $12 million in an equity and debt funding round to deepen the penetration of its services in [c]
Flash, a new cashless payments app founded in Egypt, has completed a $6 million seed round led by Addition with participation from Flourish Ventures and other strategic angel investors. The funding will be used to accelerate the startup’s [c]
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an aggressive expansion of foreign subsidiaries. KCB’s total assets stood at Kshs 1.55 trillion in the year [c]
Raxio, Roha and Meridiam have successfully secured a sustainability-linked debt facility of up to $170 million in multiple tranches for Raxio Data Centres, a pan-African data centre developer and operator. The financing package includes $110 [c]
HRLeverage, a leading provider of outsourcing and Professional Employer Organization (PEO) solutions, has announced its expansion into Kenya and seven other African countries, including Uganda, Rwanda, Tanzania, Senegal, Nigeria and Zambia. HRLeverage is committed to [c]
Additional investment in spectrum for future mobile network usage is important in anticipation of the exponential growth of 5G connectivity Kenya is to achieve the vision outlined in the government’s Digital Superhighway plan of connecting [c]
Diamond Trust Bank (DTB) has today opened three new branches located in Baba Dogo, Kijabe Street and Kiambu town, as it intensifies its expansion drive in a bid to bring products and services closer to [c]
Ad Dynamo by Aleph has appointed Stephen A. Newton as its managing director for Africa. Newton will prioritise pan-African expansion and assisting Ad Dynamo by Aleph’s partners in overcoming the challenges of doing business across [c]
Nairobi-based skincare firm, Uncover, has raised $1 million in seed capital, which it will use to scale up its operations in Kenya and establish presence across Africa, the company has disclosed. Key investors include FirstCheck [c]
Building on the Seed Investment by DOB Equity and $9.5 million funding by Mastercard Foundation, Moringa has received additional investment from Proparco to support its expansion outside Kenya. The new funding has seen the tech-based learning [c]
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