Kenya financing
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FirstFT: Russia pledges to continue ‘until all goals’ are achieved in Ukraine
This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa Where Americas edition to send it straight to your inbox every ... -
Drones will boost the achievement of universal health coverage
Drone with first aid kit on blue sky in emergency medical care concept. [iStock Photos] Universal health coverage (UHC) enables countries to make the most of ... -
IFC buys 19.2 billion shilling stake in Safaricom Ethiopia
Safaricom and its partners in the Ethiopian venture will see their combined stake drop to 15.5% after the International Finance Corporation (IFC) announced a purchase plan ... -
Global Climate Leaders to Participate in Egypt-ICF to Address Climate Change in Africa
Egypt – High-level climate leaders from around the world are expected to participate in the second edition of the Egypt-International Cooperation Forum (Egypt-ICF) and the meeting ... -
First Lady hails Inkomoko’s achievements on 10th anniversary – KT PRESS
The First Lady, Mrs. Jeannette Kagame hailed Inkomoko for her efforts to help small and medium enterprises explore their full potential over the past 10 years. ... -
8B Investments in education stimulate entrepreneurship and
Nairobi, Kenya, Sept. 02, 2022 (GLOBE NEWSWIRE) — With a population of around 1.4 billion, India is home to around 73,000 startups. Of these, 105 had ... -
Pezesha Raises $11M Pre-Series A to Grow Its Integrated Funding Platform
Pan-African Fintech Embedded Finance Pezesha raised a pre-Series A investment of $11 million. The round was a mix of $6 million in equity and $5 million ... -
How to Avoid Being the Next Scam Victim in Online Forex Trading
Personal finance How to Avoid Being the Next Scam Victim in Online Forex Trading Tuesday, August 30, 2022 There has been an increase in online forex ... -
US labor market gains amid resilient demand: Eco Week
Breadcrumb Links PMN Company The latest US jobs report ahead of the Federal Reserve’s September policy meeting likely showed employers continued to add jobs at a ... -
Youth adopting ICTs in agriculture – Kenya News Agency
Innovative agricultural technologies and practices have the potential to improve the productivity and efficiency of agricultural sectors. The government recognizes the potential of using data and ... -
MPs get more powers to revise the national budget
Economy MPs get more powers to revise the national budget Thursday, August 25, 2022 Members of Parliament follow the proceedings as National Treasury Cabinet Secretary Ukur ... -
Heads of State and Government and Heads of State
Rotterdam, The Netherlands, August 23, 2022 (GLOBE NEWSWIRE) — WHAT: Africa Adaptation Summit 2022 WHEN: 5e September 2022 from 10:00 CET to 17:00 CEST AGENDA: 10:00 ... -
Six reed diffusers that will bring the summer indoors
Bella Freud’s Ciao (£155 CAD for 300ml) has a bright, fresh citrus top note, but it follows a wetter sex and sunscreen vibe, evoked with the ... -
William Ruto’s election victory signals shift in Kenya’s political dynasties
Kenya’s founding father, Jomo Kenyatta, once wrote that his Kikuyu ethnic group, the largest in the country, governed itself according to “democratic principles”. But, in a ... -
Kenyan families need to dig deeper into their pockets to buy school supplies – survey
NAIROBI, Kenya, August 18 – Kenyan families will spend more of their monthly income on school supplies, according to a survey by global company World Remit. ... -
big on promises, but low on delivery
Uhuru Kenyatta and his deputy, William Ruto, ascended to the presidency of Kenya in March 2013. This followed a disputed ballot which they won with a ... -
Japanese government urges private sector to abandon caution in Africa
Japanese private companies have traditionally taken a cautious approach to investing in Africa, balancing the continent’s strategic importance with a cautious approach to risk. But the ... -
Hackers find new ways to access your secret accounts
Technology Hackers find new ways to access your secret accounts Thursday, August 11, 2022 Hacking attacks on Kenya’s financial systems, including mobile banking, nearly tripled to ... -
In Africa, Kenyan startups have seen the strongest funding growth so far this year – TechCrunch
Kenyan startups raised nearly $1 billion in the first half of 2022, surpassing what the country raised in all of 2021. Data shows that among the ... -
Syria more than doubles gasoline prices
Syria’s Ministry of Internal Trade has announced a gasoline price hike of around 130% in the war-torn country, which is facing fuel shortages and prolonged power ... -
State Begins Auditing Fee Structures of Private Universities
Company State Begins Auditing Fee Structures of Private Universities Friday 05 August 2022 Geoffrey Monari, CEO of the Universities Fund Board. FILE PHOTO | NMG A ... -
Getting out of the Chinese debt trap
The world’s poorest countries – including many in Africa – will face $35 billion in debt service payments in 2022. According to the World Bank, about ... -
Manila P2P Crypto Exchange – Driving the Market Forward and Preparing for Launch
Since the advent of blockchain in 2008, many other technological advancements have emerged. The sole purpose of the blockchain was to eliminate the intermediaries that exist ... -
Main Steps of the Legal Education Council
Partner Content Main Steps of the Legal Education Council Saturday July 30, 2022 The Legal Education Council promotes legal education and training and the maintenance of ... -
Financial inclusion is increasing around the world
KARACHI: Financial inclusion grew globally in the past year despite the pandemic, giving women more financial security, privacy and power, but women continue to be underserved ... -
MICROCAPITAL BRIEF: SEWA Subsidiary Sitara Raises $20M in Equity Funding from Nordic Microfinance Initiative, Women’s World Banking and Ongoing Shareholders to Improve Housing Conditions for Women in India
SEWA Grih Lin, an Indian affordable housing finance company also known as Sitara, recently raised USD 20 million in equity funding, including USD 8 million from ... -
How Loan Apps Fool Borrowers – and How Microfinance Can Help
The Sunday Mail Lincoln Towindo and Irene David-Arinze THE Covid-19 pandemic has decimated highly vulnerable African economies that were already on a lifeline. Jobs have been ... -
Kenyan money in the US plunges on US inflation
Economy Kenyan money in the US plunges on US inflation Friday, July 22, 2022 Patrick Njoroge, Governor of the Central Bank of Kenya. PICTURES | NJAU ... -
Nigerian women with bank accounts hit 10-year high –
The percentage of Nigerian women with formal financial accounts at any financial institution rose nine percentage points to 35% in 2021, the highest in 10 years, ... -
Hack the Mara competition now open to African creators and developers to take on last mile payment challenges
In line with its commitment to inspire developers to “build Africa’s future on the Web3”, Mara, the pan-African blockchain platform, announces the launch of the “Hack ... -
World Bank $500 million financing for Bangladesh disaster preparedness
The World Bank has approved a $500 million credit to help Bangladesh improve its inland flood disaster preparedness in 14 flood-prone districts, benefiting more than 1.25 ... -
Africa’s booming tech start-up sector in the face of global economic slowdown
Africa’s tech sector has seen exponential growth over the past five years, with start-ups raising nearly $5 billion in 2021. That’s nine times more than the ... -
Court halts award of 115.7 million shillings to ex-Kenya Railways employees
Economy Court halts award of 115.7 million shillings to ex-Kenya Railways employees Tuesday, July 12, 2022 Philip Mainga, Managing Director and CEO of Kenya Railways Corporation, ... -
Kenya Has The Highest Proportion Of Crypto-Owning Citizens In Africa, UNCTAD Data Shows – Emerging Markets Bitcoin News
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggests that Kenya has the highest proportion of people owning cryptocurrencies than any ... -
Flutterwave Debunks Money Laundering Allegations in Kenya, Says “We Did Nothing Wrong”
Flutterwave payment technology limiteda leading Nigerian financial technology company, has reacted to media reports that it was involved in an alleged money laundering scheme in Kenya. ... -
Canadian cleantech company Solar Panda secures $8M Series A funding
Study at night with Solar Panda lamps The Solar Panda system is delivered to a customer Funding will be used to further Solar Panda’s goal of ... -
Muwowo calls for urgent action amid rising land and material costs
By Adedapo Adesanya A suspected drug trafficker has been arrested by National Drug Law Enforcement Agency (NDLEA) officers for concealing 22 blocks of heroin weighing 23.55 ... -
Lack of ambition hampers Nairobi talks as countries waver over new nature deal
Nature is in crisis and time is running out. The latest round of negotiations for a new Global Biodiversity Framework (GBF) has just ended in Nairobi, ... -
The Plan: William Ruto unveils Kenya Kwanza manifesto
Kenya Kwanza Vice President and presidential candidate William Ruto at the launch of the manifesto at Kasarani Stadium. [Elvis Ogina, Standard] Vice President William Ruto today ... -
Africa’s dream of feeding China collides with harsh reality
China aims to boost trade with Africa to help reduce deficits African agricultural producers push for access to China Even with trade deals, extended approvals are ... -
Africa’s Growing Urban Dilemma | FinancialTimes
When Kenya gained independence in 1963, Nairobi had a population of around 360,000. Today, the Kenyan capital is home to at least 4.4 million people, of ... -
UNAIDS Executive Board ends with important decisions taken on strengthening the global response to HIV – World
GENEVA, 24 June 2022—The 50th meeting of the UNAIDS Program Coordinating Board (PCB), which started on 21 June, concluded with decisions to strengthen access to HIV ... -
Nigeria’s Healthtracka Raises $1.5M, Plans to Enter Kenya and Ghana
The convenience of getting healthcare solutions from the comfort of your home is probably one of the greatest achievements of modern technology. Nigeria’s Healthtracka was founded ... -
The best candidates have promised paradise, but will they keep their promises?
As the race for the August 9 presidential election enters the home stretch, the main contenders, Vice President William Ruto and Orange Democratic Movement (ODM) leader ... -
Tanzanian Maasai struggle against eviction from their ancestral lands
In recent days, members of the Maasai community in Tanzania have been targeted with live ammunition and tear gas, according to lawyers, activists and human rights ... -
mTek launches affordable international health insurance coverage with limit of 540 million
mTek, a digital insurance platform, has partnered with MUA Kenya, a general insurer, and The Unisure Group, a global insurance solutions provider. Under this partnership, mTek ... -
SIDBI will provide retail loans to Biliti e-3W customers
California-based Biliti Electric has announced that the Small Industries Development Bank of India (SIDBI) has approved financing for customers interested in purchasing GMW Taskman electric 3W ... -
18.4 million acutely food insecure in Horn of Africa: UN
At least 18.4 million people are already experiencing high levels of acute food insecurity and growing malnutrition in the three Horn of Africa ... -
Vulnerable nations call for climate loss funding, fearing UN talk shop | News | Eco-Enterprise
The rising costs of destruction caused by climate change have impoverished vulnerable nations by around a fifth, 55 of those countries said on Wednesday, amid growing ... -
MFS Africa acquires GTP for $34m as it seeks to issue prepaid cards to customers
Pan-African digital payments company MFS Africa is acquiring US-based Global Technology Partners (GTP) in a $34 million cash and equity deal, FT reported today. There are ... -
Stockholm+50 supports phasing out fossil fuels and sustainable lifestyles | world news
NEW DELHI: The Stockholm+50 meeting, held June 2-3 to commemorate 50 years since the first global meeting held in the Swedish capital on the human environment, ... -
Visa partners with Kenya-based M-Pesa to launch virtual cards
Visa and Safaricom are launching a virtual card to enable M-Pesa users to transact on Visa’s network. Digital payments are rapidly replacing cash in Africa, making ... -
Treasury secures 20 billion shillings AfDB loan for budget and agriculture
Economy Treasury secures 20 billion shillings AfDB loan for budget and agriculture Thursday 02 June 2022 Headquarters of the African Development Bank. PICTURES | COURTESY Kenya ... -
Financial needs of Kenya’s gig economy
Personal finance Financial needs of Kenya’s gig economy Tuesday, May 31, 2022 The gig economy has seen rapid growth patterns in recent years, owing to the ... -
Financial inclusion startup Bankingly raises 1.27 billion shillings for expansion in Kenya
Technology Financial inclusion startup Bankingly raises 1.27 billion shillings for expansion in Kenya Wednesday, May 25, 2022 Bankingly claims to provide financial institutions with software as ... -
Used car marketplace Sylndr lands $12.6M pre-seed round, sets new record for MENA startups – TechCrunch
Monday, May 23, 2022, and we’re listening to our brand new podcast called TechCrunch Podcast. In it, we talk to TechCrunch editors about the stories they’re ... -
Political will is evident as Africa embraces green growth
By VINCENT OWINO African leaders across the continent are increasingly demonstrating commitment to promoting sustainable economic development, a new report has shown, reflecting shifting political will. ... -
Moving away from coal to achieve Africa’s sustainable energy future
By Michael R. Bloomberg and Damilola Ogunbiyi Without international support, including large-scale investments, African countries will not be able to extend energy access to all and ... -
Young people thrive in incubator manufacturing – Kenya News Agency
The Youth Business Development Fund, which is one of the flagship projects of Vision 2030, under the social pillar, continued to improve the lives of young ... -
The international community has been failing the Palestinians for 74 years
Palestinian protesters burn depictions of American flags. [Reuters] An immoral scheme was perpetrated by Britain in the early 20th century through the engineering of the League ... -
Women entrepreneurs
Author: David Mparutsa, Business and Supplier Development Manager ex SA Currently, an estimated financing gap of $42 billion exists for African women in commercial value chains ... -
Poland must invest in business productivity to boost economic growth
Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2% this year to $630 billion. This follows a near-record recovery ... -
Draghi urges Biden to promote long-term peace plan for Ukraine
(Bloomberg) – Italian Prime Minister Mario Draghi has said allies should start working on negotiations for a lasting peace process in Ukraine, even as they continue ... -
African nations are planting mangroves to tackle climate issues
MOMBASA, Kenya— In a bid to protect coastal communities from climate change and encourage investment, African countries are increasingly turning to mangrove restoration projects, with Mozambique ... -
Aaap Webinar – Adaptation finance must go to those who need it most
the Africa Adaptation Acceleration Program (AAAP) hosted a session titled “AAAP: Transformative Adaptation to Accelerate and Scale Up Climate Action” at the virtual Gobeshona Global Conference ... -
FirstFT: Refiners in China are still buying Russian oil
Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe/Africa or Americas edition to send it straight to your inbox ... -
Investors sought for the Akiira geothermal project, Kenya
Akiira geothermal project site, Naivasha/ Kenya (source: Akiira One) Akiira Geothermal is seeking investors to provide capital for the potential 70 MW geothermal power project in ... -
The essential Kibaki – Le Standard
Mobile telephony has done wonders for the economy. [Fle, Standard] In a column last week, my friend Jaindi Kisero called Kibaki a Keynesian economist. He referred ... -
Lobby group pressures government over Nairobi highway deal
The Consumers Federation of Kenya (COFEK) has called on the government to publicize the Ksh 89 billion agreement on the Nairobi highway. COFEK, in a petition ... -
Kenya Rugby Union (KRU) could lose Sh2B for breach of contract
KRU is among 19 impactful projects listed in a $500 million principal investment by a consortium of commercial and political banks and non-banking financial institutions in ... -
Program loaded as ZITF roars to life
the herald Bulawayo OfficeTHE 62nd edition of the Zimbabwe International Trade Fair (ZITF) begins tomorrow with Kenyan President Uhuru Kenyatta unable to attend the official opening ... -
Despite China’s Commitment to Scrapping Coal Power Plants, Indonesian Projects Are Possible — BenarNews
According to an analysis released Friday by a Finland-based energy research group, China’s promise last year to end funding for coal-fired projects abroad led to the ... -
Priority to innovation and financial inclusion
Masayoshi Son’s SoftBank fund is the latest high-profile investor in bKash. Photo: Getty Masayoshi Son’s SoftBank fund is the latest high-profile investor in bKash. Photo: Getty ... -
Pennsylvania Senate candidate McCormick has earned $22 million as hedge fund CEO | app
Dave McCormick earned more than $22 million last year as CEO of the world’s largest hedge fund, a post he left to run for the U.S. ... -
1.4 trillion shillings disbursed in phantom electricity
Over the past 16 years, Uganda has paid at least 1.4 trillion shillings to 13 private power companies for electricity that was never consumed.Although it was ... -
Prince William explains to Cate Blanchett why climate change is overwhelming for so many people
William, the second in line to the throne, and his father Charles told world leaders at the Glasgow climate conference in November that they must make ... -
Yabx Leverages Mobile Money Data to Assess Credit Risk in Africa
Financial institutions in Africa have historically relied on credit bureau scores, or customer financial footprints, to make lending decisions. In the absence of these, social demographics ... -
Lending to Saudi MSME sector expected to grow in 2022
RIYADH: The CEO of NMC Healthcare, Michael Davis, deals with patients’ pain all the time. And now he feels the pain himself in many ways. The ... -
Tekedia Capital’s Portfolio Startup TradeGrid Grows 263% MoM in Q1 2022
Going through many quarterly reports this week. Allow me to congratulate our TradeGrid team for the last quarter; Outstanding Operational Execution in the Nigerian Oil and ... -
Raising the bar for the economic agenda ahead of the 2022 election
Data center Raising the bar for the economic agenda ahead of the 2022 election Tuesday 05 April 2022 Economic growth concept. PICTURES | SHUTTER By MBUI ... -
World Bank to finance smallholder farmers in Kenya
world Bank is intended to finance smallholder farmers in Kiambu County in Kenya. The credit funds are expected to finance smallholder farmers across nine value chains ... -
Nokia G21 now available for purchase in Kenya for Kes 19,999
HMD Global, the makers of Nokia phones, has announced that the Nokia G21 is now available for purchase in Kenya. The Nokia G21 succeeds the Nokia ... -
Japan pledges to strengthen post-COVID development cooperation with Africa
TOKYO (Kyodo) — Japanese Foreign Minister Yoshimasa Hayashi said on Sunday he is committed to strengthening post-COVID-era development cooperation with countries in Africa, where the influence ... -
12 takeaways from agtech from 12 conversations with global agriculture experts
Rhishi Pethe is the creator of “Software is Feeding the World”, a free weekly newsletter on technology trends in food and agriculture, and responsible for product ... -
PharmAccess Group Launches Medical Credit Fund II to Support Healthcare Financing in Ghana
As part of efforts to make healthcare delivery more sustainable and efficient in Ghana, PharmAccess Group has launched the second phase of the Medical Credit Fund ... -
Today in FinTech: Euroclear supports Fnality
In today’s FinTech news, Euroclear has invested in blockchain payments consortium Fnality, while Recharge.com is expanding its gift card offerings to the country Down Under. In ... -
SM Tharman appointed to new UN advisory board on multilateralism
SINGAPORE – Chief Minister Tharman Shanmugaratnam has been appointed to a new high-level United Nations advisory board on effective multilateralism. The 12-member council – made up ... -
Ukraine says it killed another Russian general, the 4th since Putin’s invasion began
Major General Oleg Mityaev was killed in the Russian assault on the city of Mariupol on Tuesday, Anton Gerashchenko, adviser to the Ukrainian Interior Ministry, wrote ... -
Why Climate Change Concerns Your Banker
Ideas & Debate Why Climate Change Concerns Your Banker Tuesday, March 15, 2022 By JUDY MUIGAIMore from this author Summary We live in a world where ... -
US and EU lead efforts to increase pressure on oligarchs by banning exports of luxury yachts, cars and alcohol to Russia
President Biden, along with the G7 leaders of Canada, France, Germany, Italy, Japan and the United Kingdom, as well as the European Union, impose new economic ... -
Why countries must learn to live with new climate norms
The way society has been organized for decades will not work for the future. We will be living on what will essentially be a different planet, ... -
World Bank approves additional $489 million support package for Ukraine
RIYADH: Women are increasingly making a name for themselves on corporate boards across the Arab world as reforms and empowerment initiatives offer new opportunities. Their future ... -
Kenya raises debt ceiling and Samia rushes to borrow
By JAMES ANYANZWA Kenyan lawmakers are pushing for a change in legislation to support new debt of Ksh 4 trillion ($35.39 billion) to fund a growing ... -
COOK: US wants bilateral trade with Africa
By JAMES ANYANZWA Akunna Cook, Deputy Assistant Secretary of State of the United States, spoke with James Anyanzwa about the Joe Biden administration’s investment strategy for ... -
Ukraine war: the West still hides its support for Russia
According to a report just released by AP, Europe, Canada and the United States have just agreed to exclude Russia from the SWIFT banking system. If ... -
North Africa: Okutoyi boosted by the NOC-K before his tour in North Africa
Nairobi — Kenyan tennis sensation Angela Okutoyi has been boosted by the National Olympic Committee of Kenya (NOC-K) with plane tickets and kits ahead of her ... -
A roadmap for the electrification of minibuses
A roadmap for the electrification of minibuses by Elise Gout |February 23, 2022 Minibuses in Kenya. Photo: Tmaokisa Over the past decade, momentum has grown in ... -
“The doses are there, but the hesitation to vaccination remains high”
Published on: 02/19/2022 – 14:30 The World Health Organization (WHO) announced on Friday the launch of a production program for Covid-19 vaccines in Africa. Six countries ... -
24 pension schemes raise 2 billion shillings to fund Mandera-Wajir road
Economy 24 pension schemes raise 2 billion shillings to fund Mandera-Wajir road Friday, February 18, 2022 Some roads in northern Kenya are in poor condition. FILE ... -
Banks have done everything to prevent Ugandans from accessing capital
By JOACHIM BUWEMBO The death in Nairobi last month of Ugandan central bank governor Emmanuel Tumusiime-Mutebile dominated the country’s news and commentary for a fortnight. As ...
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