Kenya News Archives - Page 2 of 17

30Jul

By Africa BusinessNo Comments

Business, Kenya News

APA Insurance and Hollard International commence collaborative operations

Collaborative effort to drive change in East Africa's Insurance market Following the announcement of their partnership last year, APA Insurance, a leading insurance company in Kenya, and Hollard International, a Pan African Insurer, have officially commenced collaborative operations. This partnership aims to unlock the potential of Kenya's insurance industry by leveraging their combined expertise to provide customised insurance solutions for both individuals and businesses. Ashok Shah, Group CEO of Apollo Investments Limited, said “Our partnership with Hollard International is strategic for APA Insurance as it opens new avenues for growth and expansion. Hollard's investment in Apollo Investments Limited, APA’s parent company, provides us with access to a broader market and further expert...

d.light closes new USD$176 million securitization facility for affordable off-grid solar in Kenya, Tanzania and Uganda

17Jul

By Africa BusinessNo Comments

Energy, Kenya News, Tanzania News, Uganda News

d.light closes new USD$176 million securitization facility for affordable off-grid solar in Kenya, Tanzania and Uganda

Off-grid solar provider d.light and impact investor African Frontier Capital partner on new financing to support consumer loans for solar and high efficiency appliances in East Africa d.light, the global provider of transformational household products and affordable finance for low-income households, today announced the closing of a new securitization facility that will purchase USD$176 million of receivables in Kenya, Tanzania and Uganda. The new financing is being provided by social impact-focused asset management company African Frontier Capital. d.light will use the facility to scale up its PayGo consumer finance offering to make solar-powered products available to more low-income households and communities without access to electricity. The facility is multi-currency and will enabl...

Skincare firm, Uncover successfully closes oversubscribed $1.4m funding round

16Jul

By Africa BusinessNo Comments

Business, Kenya News, Startups

Skincare firm, Uncover successfully closes oversubscribed $1.4m funding round

Founded in Kenya three years ago, la société Uncover s'est étendue au Nigeria, Uganda, and recently to Ghana, with plans underway to expand to the Democratic Republic of Congo, DRC. Uncover, Africa’s emerging beauty brand, successfully closed a $1.4m Seed II funding round led by EQ2 Ventures and IgniteXL Ventures, with participation from Chui Ventures, Samata Capital and Altree Capital. As part of the round, Uncover also facilitated a significant secondary transaction to accommodate investors’ demand. EQ2 Ventures is a Dubai-based investment company that invests across innovative B2B and B2C tech-enabled businesses in the Middle East & Africa. IgniteXL Ventures, based in Silicon Valley, is a global fund dedicated to fueling innovation at the intersection of health, technolo...

FROM RUSSIA TO KENYA AND SOUTH AFRICA: GLOBAL ACTIVISTS UNITE FOR A SUSTAINABLE, NUCLEAR-FREE FUTURE

12Jul

By Africa BusinessNo Comments

Energy, Kenya News

FROM RUSSIA TO KENYA AND SOUTH AFRICA: GLOBAL ACTIVISTS UNITE FOR A SUSTAINABLE, NUCLEAR-FREE FUTURE

In solidarity with the anti-nuclear power movement in Kenya where a proposed nuclear power station is set to be built within the next decade, eco-justice organisations from South Africa and Russia are on a visit to the Republic of Kenya to share insights and learnings, from their experiences of living with nuclear energy, in their respective countries and opposing nuclear as civil society. The Southern African Faith Communities’ Environment Institute (SAFCEI) and Earthlife Africa Johannesburg, both from South Africa – where the Minister of Energy and Electricity recently announced that the procurement of 2500MW of new nuclear power was “at an advanced stage” - and Ecodefense from Russia, and Right Livelihood Awards are meeting Kenyan civil society at the proposed site in Kilifi, to stand t...

12Jul

By Africa BusinessNo Comments

Kenya News, Main

Navigating Flood Risks, Adaptation Strategies, and the Role of Climate Finance in Building Resilience

By Sarah Njoroge, Principal, Intellecap Advisory Services In recent times, the frequency and intensity of extreme weather events have escalated, posing significant challenges across the globe. In many regions, relentless rains have led to catastrophic flooding, disrupting lives and livelihoods. This indiscriminate nature’s fury always hit vulnerable communities hardest—particularly the urban poor and low-income groups who lack the resources to withstand or recover from these disasters. Women, children, the elderly, and people with disabilities are disproportionately affected, facing greater difficulties in responding to and recovering from such calamities. After the floodwaters recede, these communities face yet another challenge: the onset of the dry season. Areas now submerged under f...

8Jul

By Africa BusinessNo Comments

Fintech, Kenya News

Xprizo enhances fintech platform with iOS launch

Xprizo, a cutting-edge iGaming fintech platform, has amplified its global reach with the launch of its iOS app. This marks a significant milestone in the company’s growth and development as a fintech platform serving the underbanked and unbanked demographics. With the introduction of the iOS app, Xprizo’s network of users across all device types can now enjoy the full potential of the platform. Until now, the app was only accessible on Android devices. The Xprizo web app remains available for PC users and will continue to provide its comprehensive services. The new iOS app includes a brand-new sleek, and modern UI that allows frictionless access to the rich array of fintech functions. Now included within both Apple and Android apps are debit and credit card deposits in all available curr...

Twiva Awarded in Categories; Top Rising Star and Best Online Social Commerce

3Jul

By Africa BusinessNo Comments

Business, Kenya News

Twiva Awarded in Categories; Top Rising Star and Best Online Social Commerce

Twiva Ltd, Kenya’s pioneering AI-driven and influencer-powered social commerce platform, is celebrating a significant milestone after winning two prestigious accolades at the Kenya E-commerce Awards held at the Movenpick Hotel. Twiva proudly announces its victories in the E-commerce awards, bagging at 1st place, the Top Rising Star, Ecommerce Award and at first runner-up position, for the Best Social Commerce Platform; categories. This recognition is a game changer, marking the first official entry of the growing social commerce category into the coveted E-commerce Awards, which have been running for five years. The Kenya E-commerce Awards aims to honor excellence in shopping, retail, and customer success, spotlighting businesses that excel in creating exceptional shopping experiences. "...

18Jun

By Africa BusinessNo Comments

African News, Kenya News, Medicine

De-risking vaccine production in Africa presents substantial challenges, but not insurmountable

Several public and private stakeholders in our healthcare sector were shocked to learn of Moderna’s decision to abandon its plans to establish a vaccine production facility in Kenya last month, raising repeated concerns about vaccine accessibility and production capacity in Africa. “The indignation and frustration that many felt at reading these headlines places us among the thousands who, like most Africans, view Moderna’s decision as confusing and, once again, part of the trend of relegating Africans’ health and wellbeing to the whims of corporate interests,” shares Michael Mynhardt, CEO at MMH & Partners Africa. He adds that prior to the COVID-19 pandemic, people living in Africa were aware that the continent was partly, and in some cases wholly reliant on external actors for its ...

16May

By Africa BusinessNo Comments

African News, Events, Kenya News

The International Chamber of Commerce’s (ICC) International Court of Arbitration proudly presents, and invites registrations to the ICC Africa Conference on International Arbitration in Nairobi, Kenya

The International Chamber of Commerce (ICC) proudly presents and invites registrations to the 8th ICC Africa Conference on International Arbitration, a multi-day event dedicated to exploring the dynamic landscape of Arbitration and ADR in Africa. Set to take place for the first time in Nairobi, Kenya, this event brings together leading experts, practitioners, and business stakeholders to delve into the latest developments, challenges, and opportunities shaping the future of dispute resolution on the continent. From 29 to 31 May 2024, arbitration professionals and business representatives from the continent and around the globe will converge to explore the emerging trends in ADR in the African context. The conference is tailored for a diverse audience, including: • Practising lawye...

24Apr

By Africa BusinessNo Comments

Energy, Kenya News

Dynamics of Electric Mobility Transition in Kenya

By Ashay Abbhi, Manager, Climate Change, Intellecap George, a delivery executive, lives in a modest home on the outskirts of Nairobi. He unplugs the wire that charges his shiny new electric bike, presses a tiny switch bringing the quiet engine to life, and rides off to deliver happiness in the form of food. George is part of a large cohort of gig economy workers who swear by this innovation. They feel that while it has a relatively high upfront cost, various leasing and pay-as-you-go models make ownership easier. Moreover, the e-bike saves time otherwise wasted in queues at petrol stations since the ‘e-juice’ is now available at home, which means an increased take-home pay. A few also take pride in the fact that it is good for the environment. While there are multiple transitional challen...