Kenya
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Start-ups
Chumz: Empowering Kenyan Users to Save and Invest via Mobile Money Accounts
Chumz, a Kenyan startup, has created a goal-based mobile app that allows users to save and invest money from their…
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Start-ups
Nigerian Fintech Startup Grey Establishes Kenya as East African Hub
As it expands its operations in the region, Nigerian fintech startup Grey has chosen Kenya as its East African hub.…
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Funding
IFC Backs Avenue Group Limited to Scale Up Healthcare Services Across Kenya
IFC recently announced an investment in Kenyan healthcare provider Avenue Group Limited, which will help the company expand its healthcare…
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Funding
Carta Invests in Kenyan Fundraising Startup, Raise
Raise, a Kenyan fundraising platform, has raised an undisclosed sum of money from Carta, a San Francisco-based company that specializes…
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Acquisition
Ignite Power Expands Presence in Kenya through Acquisition of Mwezi’s Solar Solutions Portfolio
Ignite Power, a solar solution provider based in the UAE, has announced the acquisition of Mwezi’s solar solutions portfolio in…
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Partnerships
Elgeyo Marakwet County Partners with Safaricom to Digitize County Services
Safaricom has signed an agreement with the County Government of Elgeyo Marakwet to digitize the county’s operations through the myCounty…
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Funding
Avenue Group Limited Get the Fund to Expand Healthcare Services in Kenya
Avenue Group Limited, a Kenyan healthcare provider, recently received an investment from the International Finance Corporation (IFC) to support its…
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Funding
Kenya to Invest $37m in Last-Mile Fibre Optic Cable Connectivity
The Communications Authority of Kenya (CA) and the ICT Authority (ICTA) have signed a contract to improve last-mile fiber optic…
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Funding
IFC to Invest Sh10.4bn in Pan-African Fund Manager
The International Finance Corporation (IFC) is planning to invest €70 million (Sh10.4 billion) in the Pan-African fund manager, Amethis Fund…
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Funding
World Bank Grants Kenya $390m to Boost Digital Economy
Kenya’s Digital Economy Acceleration Project is receiving a $390 million grant from the World Bank. The first tranche of funding…
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