Uganda’s SolarNow Raises $9M for Deployment of its Off-Grid Solar System
Uganda-based SolarNow has entered into a $9 million debt deal with its long-term financier SunFunder and co-lenders OikoCredit, to raise funds for off-grid solar systems deployment in the country. The [...]
Kenyan AI Startup UTU Receives Funding from DEEPCORE
UTU, the Kenyan startup behind Maramoja Taxi app, has inked a deal with DEEPCORE to boost its trust-optimised algorithm that utilises proprietary innovations in the fields of AI and distributed [...]Jamii Bora Bank Confirms potential acquisition by CBA
Jamii Bora Bank has confirmed that its in talks on potential acquisition by CBA adding that there have been ongoing discussions between management and board of both banks for the last [...]
Alterfin Buys Equity Investment in Musoni Services
Alterfin has announced an equity investment into Musoni Services, a banking software for microfinance organisations by Musoni, as it seeks to accelerate its rapid growth and expand into new markets. [...]Rotich's Draft Budget Policy Statement Shows that Govt does not Intend to Slow its Appetite for Risky Borrowing
Henry Rotich’s 2019 draft Budget Policy Statement, introduced for public participation by the National Treasury before it is finalised and submitted to the cabinet for approval by 25 January 2019, [...]Lake Region Counties in a Push to Form a Bank
Governors from the 14 lake region counties are meeting in Kisii County to pass key bills that will ratify the formation of a commercial bank for the economic bloc. The [...]Fuliza M-Pesa: How it Works
Safaricom has finally provided an efficient solution that will address the unpleasantness one can go through when you are in the middle of purchasing items, and you suddenly realise there [...]KenolKobil Plc Approves Take-Over Offer by Rubis Énergie SAS
KenolKobil Plc shareholders have until 18 February 2019 to accept the Take-Over offer by Rubis Énergie SAS after its board approved the acquisition. On 20 December 2018, the French petroleum [...]Jaguar Land Rover to Axe Thousands of its Staff
Jaguar Land Rover will axe about 4500 employees, as it tries to keep up with sales dip caused by multiple geopolitical and regulatory disruptions as well as technology challenges. The [...]Iflix Sells its African-focused Platform to Econet
Iflix has sold off its African-focused service, Kwesé iflix, to Econet. Before acquiring the service, the global telecoms company had a major stake in it and played a central role [...]Kenya is the Fastest Growing Nation Brands Globally
Kenya has improved his image globally, securing position 72 with a brand rating of A+, a survey by UK-based Brand Finance has shown. In the annual report of the most [...]French-based Cerba HealthCare to take over Operations at Lancet Laboratories
Cerba HealthCare will take control of Lancet Laboratories after announcing a joint venture to “strengthen provision of effective, evidence-based healthcare across Africa”. Lancet Laboratories, a medical lab services provider with [...]
