IFC to Lend Airtel Kenya KSh 9bn for Network Expansion
The International Finance Corporation (IFC) will provide a KSh 9.054 billion (US$70 million) loan to Airtel Kenya, as part of a broader US$100 million financing package for Airtel Africa’s East [...]
Ethiopia Issues First Investment Bank, Securities Dealer Licenses
Ethiopia's capital markets regulator has licensed the first two investment banks-CBE Capital S.C. and Wegagen Capital S.C.-,as well as three other licenses as part of the country's ongoing financial reforms. [...]
Kenyan Startup, Leta, Raises US$5 Million to Tackle Africa’s Costly Logistics
Kenyan logistics technology startup—Leta—has secured US$5 million in seed funding to expand its platform aimed at reducing supply chain costs across Africa, a continent where businesses pay up to four [...]Equator VC Raises US$55mn to Finance African Climate Tech Startups
Venture capital firm—Equator—has closed a US$55 million fund aimed at financing early-stage climate tech startups in Africa, a sector that has long struggled to attract private capital. “We are needed [...]Kenya Ends Specially Discounted Power for Olkaria-Kedong SEZ
Kenya has revoked the special electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha, in a move that could dampen investment in one of the [...]Rise, Parent Company of Hisa, Secures U.S. Broker-Dealer License
Rise, Hisa’s parent company, has secured a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. “We've successfully acquired a U.S. broker-dealer license through our affiliate, Risevest Financial Securities [...]
Kenyan Smartphone Refurbishing Startup Badili Secures US$0.4mn French Investment
Badili, a Kenya-based smartphone refurbishment startup, has secured a US$400,000 debt facility from French development finance institution Proparco, marking a significant step in its expansion efforts across Africa. “Getting validation [...]US Aid Freeze, Pandemic Expose Vulnerability, Opportunities, in Africa's Healthcare Systems- VC Founder
The Covid-19 pandemic and the recent freeze on US aid have exposed the vulnerability of Africa’s healthcare systems but also created the momentum for locally made healthcare solutions, an early [...]NSE Bull Run Drives Investor Wealth Up by KSh 137 bn in Just Two Months
The Nairobi Securities Exchange (NSE) has sustained its market rally, which has seen investors’ portfolios grow by KSh 137 billion in 2 months, was propelled by strong gains in key [...]Amsons Group to Pump Kshs 52bn into Bamburi Cement
Cement manufacturer Bamburi Cement's new parent company Amsons Group has said it will pump US$ 400 million (~KShs. 52 billion) into the company over the next three years to power [...]Heightened Investor Interest in Money Market Funds Drives Rapid Growth in Unit Trusts
The value of combined assets of Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, increased by 81% to KSh 389.2 billion in December 2024 from [...]Afreximbank, Kenya Ink KSh 387.5mn Deals for Dongo Kundu, Naivasha SEZ
The African Export-Import Bank (Afreximbank) has signed a series of agreements with Kenya to finance the development of industrial parks and special economic zones (SEZs) with KSh 387.5 million (US$3 [...]
