Kim-Fay, a manufacturer and distributor of hygiene, tissue, and home care products in East Africa, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank for its new facility at [c]
One of Africa’s leading asset financing companies, Watu, has published its inaugural sustainability report, disclosing its progress in financing mobility and connectivity assets and the environmental impact of its operations. The report is the first [c]
The Institute of Human Resource Management (IHRM) has forged a strategic partnership with Stanbic Bank Kenya, marking a significant development for the Human Resource Profession in Kenya offering financial relief within the Kenyan labor market. [c]
In Kenya, entrepreneurs, particularly those engaged in agribusiness (agripreneurs), form the bedrock of rural economies. Indeed, at least 70% of rural Kenyans are employed in agricultural value chains, mostly as producers, but also in processing [c]
The Government of Kenya, through the Kenya Development Corporation (KDC), the Ministry of Investment, Trade, and Industry (MITI), and the National Treasury, has launched the Supporting Access to Finance and Enterprise Recovery (SAFER) Project. The [c]
The African online e-commerce market has grown rapidly in recent years and is estimated to be worth approximately $40 billion – a figure that will likely increase by 66% by 2027. Consumers value the convenience, time savings, and discounts online shopping [c]
The Kenya Digital Economy Acceleration Project will use a multi-phase programmatic approach (MPA) with two phases where phase one will run from 2023-2028, focusing on expanding access to high-speed internet, improving the quality and delivery of education and selected government services, and building skills for the regional digital economy, and phase two will run from 2026-2030, concentrating on building a data driven and secure environment for enhanced digital service delivery and innovation for the regional digital economy. The project will also mobilize an estimated $100 million in private capital by crowding-in the private sector for broadband infrastructure development. [c]
The BRT line 3 project is a key deliverable of the Mombasa-Kisangani strategic corridors, which is a priority in the Global Gateway Africa-Europe Investment Package. The line will be the first dedicated electric bus rapid lane in East Africa and is part of a system of five rapid bus lines to be developed in the Kenyan capital. The BRT Line is fully designed by European expertise and funded by a consortium of Team Europe partners and has a strong focus on the highest social and environmental standards. The BRT Line 3 is expected to be operational in 2030. [c]
Absa Bank’s SHE Stars Program has graduated its first cohort of 257 women entrepreneurs who went through blended finance and business development services capacity building aimed at increasing the growth and competitiveness of women-owned MSMEs. [c]
KCB customers in the Public Service Vehicle (PSV) industry will now be able to access flexible financing options in a deal between KCB Bank Kenya and BasiGo, an e-mobility startup and financing company supplying electric [c]
By Sa Nyoung Kim Small and Medium Enterprises (SMEs) constitute over 90 per cent of businesses in Kenya and provide seven out of ten jobs in the country. Despite their economic significance, many fail to [c]
With Financial and Government services going online rapidly, transaction volumes are soaring, requiring high data concurrency. The banking industry particularly has always needed high reliability infrastructure to prevent huge economic losses caused by data loss [c]
The fusion of finance and digital technology has powered one of the most exciting and rapid phases of development in Kenya and the world. Cross-border money transfer is now easier, safer, and more reliable for [c]
Moove, an African mobility fintech, has signed an exclusive partnership with Lori Systems, the e-logistics company in Africa. The partnership marks Moove’s first foray into the logistics industry, building on rapid growth over the last [c]
Sophos, the global vendor of next-generation cybersecurity solutions, has published new research, “Gootloader Expands Its Payload Delivery Options,” that details how the delivery method for the six-year-old Gootkit financial malware has been developed into a [c]
Flourish, a global venture capital firm with portfolio investments throughout Africa, has released results of a survey in its global research series —The Digital Hustle: Gig Worker Financial Lives Under Pressure. The report tracks the [c]
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