Tag Archives: Kenya

10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase

Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in […]

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. This cohort was selected from over 500 applications and is part of the EMEA Startup Loft Accelerator (SLA) program run by AWS. The pre-seed […]

Change the Story: A new report explores the local carbon market in Kenya

Through the Sustainable Inclusive Business (SIB-Kenya), the Kenya Private Sector Alliance (KEPSA) has released a report dubbed “Change the Story: Developing a Local Carbon Market in Kenya”. The report describes the current situation, reflects on the opportunities for a Kenyan carbon market, and comes just days after the 2023 Earth Hour celebrations. It has been […]

Fast-Tracking Universal Health Coverage in 2023: It’s time to focus on innovation and knowledge partnerships

by Basil Malaki, Knowledge Transfer Manager for Kenya at Innovate UK KTN Global Alliance Africa As the leading economy in East Africa, it is no surprise that Kenya often ranks top across several developmental indicators. In terms of economic growth, the country has maintained an annual GDP growth rate of 5% with GDP per capita […]

Highlighting Recent Eritrea-Kenya Engagement

By Dr. Fikrejesus Amahazion Earlier this week, President Isaias Afwerki traveled to Kenya to meet with President William Ruto, following up on the latter’s visit to Eritrea late last year. During the two-day working trip to Nairobi, President Isaias, accompanied by a high-level delegation, held extensive talks with his counterpart and other Kenyan government officials. […]

It’s time to demystify Intellectual Property in Kenyan innovation

by Sheilah Birgen, Country Lead for Kenya at Innovate UK KTN Global Alliance Africa. With a relatively stable macroeconomic environment, sustained investor confidence, and a fast-expanding services sector, Kenya has emerged as one of the fastest-growing economies in Africa and the largest in the East African region by way of Gross Domestic Product (GDP)[1]. To […]

Climate change and drought in Northern Kenya

Onyango Rachael Kenya is among the least contributors to greenhouse gas emissions worldwide but still bears the brunt of climate change. A third consecutive below-average rainfall is negatively affecting food availability and access for women, men, and children in 20 of the 23 arid and semi-arid land (ASAL) counties. According to the National Drought Management […]

Cross-sector innovation presents solutions to combat Kenya’s long-standing False Codling Moth challenge

False Codling Moth (FCM), also known as Thaumatotibia leucotreta is currently causing havoc in various chilli farms in Kenya, eating into the farmers’ profits [1]. It has also emerged as a major constraint to the production of horticultural crops in the country and is currently the leading cause of interceptions of Capsicum and cut flowers […]

Tushop Raises $3M to Scale Community Group-Buying in Kenya

Tushop, the Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured $3M in a pre-seed funding round, led by 4DX Ventures and with participation from JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures, Golden Palm Investments, FirstCheck Africa, and DFS Lab. Wasoko (formerly Sokowatch) also joined […]

AUDA-NEPAD, JICA, Afreximbank & BCG Empower Accelerator Cohort Of Five Successful East African Healthcare Companies

This is off the back of the Home-Grown Solutions (HGS) Accelerator for Pandemic Resilience, an initiative that aims to accelerate the growth of African healthcare companies to strengthen the continent’s pandemic resilience The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG) held an event […]

A Just Transition to Climate Resilience Could Transform Kenya into a Green Powerhouse

The Continent Is Highly Vulnerable to Climate Change, However, and Needs Significant Global Investment to Adapt to Higher Temperatures, Build Low-Carbon Economies, and Create Local Green Employment African countries face major climate-related challenges, but at the same time they have the opportunity to achieve sustainable low-carbon economies, according to a new report by Boston Consulting […]

Messing with nature is risky business!

For a long time now, economy and the conservation of biodiversity seemed to be two different worlds. Not many CEOs or financial managers were able to explain how their company’s impact contributed to the loss of species, deforestation or the acidification of oceans. But times have changed. Today, trailblazing entrepreneurs understand that they don’t have […]

Failing To Win

A new book from Burnet Media, Cape Town will inspire and guide the next generation of African entrepreneurs. Failing To Win by Mike Quinn is the authentic story of a uniquely African startup at the forefront of the continent’s fintech revolution. Inspired to become the “M-Pesa of southern Africa” after Kenya’s pioneering mobile money innovation, […]

Kenya Still Faces Challenges in Sending 100% of Students to High School

Kenya has long aimed to bring 100 percent of its primary students to high school. Over one million Kenyan students finished their primary school education in 2020, and all are expected to attend high school, but many factors continue to hold these students back. Many Kenyan parents are unable to pay for the school fees […]

Underwriting facility set to energise geothermal development in Kenya and Ethiopia

FSD Africa, the UK Government’s flagship financial sector programme in Africa, and Parhelion, a UK-based specialist energy and climate risk finance advisory company, have today announced plans to launch a first-of-its-kind underwriting facility, backed by East African insurers, to de-risk early-stage development of geothermal energy projects with the capacity to significantly expand electricity access and energy sector […]

Nigerian Fintech, Brass, Secures $1.7mn Financing Round “to bet on African SMEs”

“Africa’s new bank for startups and SMEs” to expand to South Africa & Kenya following funding Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for small and medium-sized businesses (SMEs), has today secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and fast-growing businesses. […]

Autochek Officially Launches in Kenya

African automotive company aims to increase its footprint across East Africa Nairobi, Kenya – Autochek, the automotive technology company that aims to facilitate auto finance across Africa, has officially widened its operations to Kenya as part of its pan-African expansion. To lead its Kenya operations, Autochek has appointed Bilhah Muriithi as the Country Manager. Having […]

Adenia acquires leading grower of premium roses in Kenya

Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Altilands SA, the parent company of Red Lands Roses (“Red Lands”), a leading grower of premium fresh-cut roses in Kenya. Red Lands is internationally recognized for its green horticultural practices that respect people and the environment. Financial terms of the transaction […]

Peach Payments expands into Mauritius, serves as key event sponsor at Africa FinTech Festival

Peach Payments is pleased to announce that it has set up an office in Mauritius recently in pursuit of its pan-African expansion strategy. As a FinTech start-up that was set up in South Africa in 2012 and expanded into Kenya in 2018, the company is set to make a significant contribution to the pan-African FinTech landscape […]