Absa Bank Kenya partners with GIZ to train 1,500 women entrepreneurs
Absa Bank Kenya, in collaboration with the German Development Cooperation have launched a KES 50 Million program aimed at increasing growth and competitiveness of 1,500 women-owned Micro, Small and Medium [...]
First Climate Adaptation Credit Facility for Agriculture launches in Kenya
Africa's first climate adaptation credit facility for agriculture, ADAPTA, has launched with US$1.5 million in funding from the Bill Melinda Gates Foundation for Phase I in Kenya. ADAPTA will [...]EU-Backed Mark-Up Kenya and Semabox partner to launch Agri-business podcast series ‘Mazao Talks’
With support from the EU, MARKUP Kenya has announced a partnership with podcast producing company SemaBOX to create and produce a podcast series called Mazao Talks. The first season ofMazao Talkswill [...]Investment and Asset Management Platform Odyssey Acquires Ferntech
US-headquartered Odyssey Energy Solutions, Inc has announced its acquisition of the German remote monitoring and control technology company, Ferntech GmbH. This cements Odyssey’s position as the distributed infrastructure sector’s [...]
Gates Foundation’s Goalkeepers Report Finds COVID-19 Pushed Additional 31 Million People into Extreme Poverty
The Bill Melinda Gates Foundation has launched its fifth annual Goalkeepers Report, featuring an updated global dataset illustrating the pandemic’s adverse impact on progress toward the United Nations Sustainable Development Goals [...]EGM Securities partners with Sterling Capital
EGM Securities has announced a corporate partnership with Sterling Capital for equities and fixed income trading in the Nairobi Securities Exchange (NSE). The partnership will provide global trading opportunities for Kenyans [...]Zepz, formerly WorldRemit Group, raises $292 million, valuing the cross-border payments company at $5 billion
Zepz, formerly WorldRemit Group, has raised $292 million (approx. Sh 32 billion) in new primary Series E financing, achieving a valuation of $5 billion (approx. Sh548 billion). Zepz is a [...]PayU invests in blockchain-based payments with CELO and launches new stablecoin option to 450,000 merchants
Amsterdam and San Francisco — 21 July 2021 — PayU, the payments and fintech business of Prosus, has announced its collaboration with Celo, the mobile-first, open-source blockchain ecosystem focused on [...]Kenswitch appoints Ms. Karimi Ithau as Managing Director
The Board of Kenswitch Kenya Limited has appointed Ms. Karimi Ithau as Managing Director as the company rolls out its new market direction. Ms. Karimi Ithau is a seasoned professional [...]Afreximbank Closes Record US$1.3 billion bond
African Export-Import Bank (Afreximbank) has announced it successfully closed a US$1.3 billion dual tenor bond issuance, the Bank’s largest-ever transaction in the international debt capital markets. Afreximbank printed a US$600 [...]Security awareness campaign to prioritize digital financial safety
As Kenya embraces the digital economy, protecting the integrity of electronic and digital systems is paramount, with experts calling for enhanced public sensitization on digital vulnerabilities, which have increased due [...]SemaBOX launches incubator focussed on women podcasters
Podcasting as a medium has been steadily growing in Africa over the last few years and is being driven by audiences seeking alternative voices and more diverse storytelling. A recent [...]
