Inspiring Leadership & Sustainable Business Transformation in Africa
KENYA – Absa Bank Kenya has signed an agreement with Interswitch to provide financial assistance to Small and Medium Enterprises (SMEs) to fast track acquisition of KRA’s new electronic tax devices. The partnership between the lender and the electronic payments and infrastructure company comes just three weeks ahead of the November 30 set by the taxman. KRA extended the deadline…
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KENYA – Sendy, a Nairobi-based on demand logistics platform, has secured an investment from KMOL PLUS, a Tokyo based investor. This is the first investment by MOL PLUS in an African startup. Sendy operates a platform that connects logistics companies and shippers in Kenya and the rest of Africa. Connecting consumer goods manufacturers and e-commerce companies’ delivery needs with individual…
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KENYA – KCB Bank Kenya has set aside KShs250 billion (US$2.06b) to fund women entrepreneurs in the next five years, cementing the Bank’s role in catalyzing economic growth. In a newly revamped women offering, the Bank will extend the funding to women-led and owned Small and Medium Enterprises (SMEs) across the country. To unlock this, KCB Bank has already…
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KENYA – Glovo, a leading multi-category delivery platform, has launched its third micro fulfillment center in Nairobi, Kenya, as the company expands its ‘Q-commerce’ division. Q-Commerce means that consumers can use Glovo to order from their favorite supermarkets and neighbourhood stores. The first micro fulfillment center was launched in June 2021, while the second was opened in June 2022, now…
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KENYA – Kenya’s online pharmacy MYDAWA has secured US$1.2 million in funding from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to boost Human Immunodeficiency Virus (HIV) prevention efforts. The project will be co-financed by the Organization of American States (OAS) in partnership with the University of Washington, Jomo Kenyatta University of Agriculture and…
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KENYA – Biogas equipment firm Sistema.bio has secured KSh1.2 billion (US$9.89 million) from American impact business firm Native to run a carbon biogas programme in East Africa targeting smallholder farmers, reports Business Daily Africa. Under the three-year programme Sistema.bio will supply biodigesters affordably to small and medium dairy farms in Kenya, Uganda and Rwanda to cut their carbon emissions. The…
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KENYA – Safaricom, a mobile network operator, has announced the availability of 5G Wi-Fi to empower its customers with superfast internet at home and at work, complementing its growing fibre network. Safaricom became the first service provider in Kenya to announce 5G trials in March last year, and this development now empowers customers in 5G-ready areas to enjoy fast and…
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KENYA – Vertiv, a global provider of critical digital infrastructure and continuity solutions, has announced the opening of its new office and state-of-the-art Customer Experience Center in Nairobi. With an increasing demand for high-efficiency critical infrastructure in East Africa, this centre supports Vertiv’s efforts in offering digital infrastructure solutions to local customers. The center’s experts offer firsthand knowledge of the…
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KENYA – Acorn Holdings, through its subsidiary Acorn Project (Two) LLP, has announced its intention to exercise an early redemption option of KSh800.2 million (US$6.6m) of its KSh5.7 billion (US$47m) green bond, being a portion of outstanding notes issued under the bond program. According to Acorn, the redemption will be effected on or before the 31st of this month, at…
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KENYA – KCB Bank Kenya has partnered with Mobex to give its customers an opportunity to seamlessly receive funds from the diaspora to their accounts in Kenya. Mobex is an affiliate company of Terra-Pay Group, a UK-headquartered digital payments infrastructure and solutions provider. With TerraPay onboard, KCB Bank seeks to fortify its position as a key player in strengthening the…
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