To increase digital payments and remittances in Kenya, Safaricom has partnered with Mastercard

Posted on :Monday , 7th October 2024

A strategic agreement between Safaricom and Mastercard has been launched, with the aim of providing cross-border remittance services and payment acceptance to hundreds of thousands of Kenyan merchants.  

In order to improve digital payment solutions and financial inclusion, the partnership will make use of Mastercard's worldwide payment infrastructure in addition to Safa. . .

Strategic Funding Of Sh2.5 Billion Is Secured By Kim-Fay For Expansion In East Africa

Posted on :Wednesday , 4th September 2024

In order to grow its business in East Africa, Kim-Fay, a producer and distributor of feminine hygiene, baby care, and home goods, has obtained Sh2.5 billion in debt financing from I&M Bank and the Norwegian Investment Fund for Developing Countries (Norfund).

By 2025, a new recycled paper production facility in Tatu City is anticipated to be operational thanks to the fundi. . .

For The Paygo Consumer Loan, D.Light Closes A $176 Million New Financing Facility

Posted on :Thursday , 8th August 2024

A new $176 million securitised financing facility has been closed by off-grid solar product vendor d.light in order to support and grow its PayGo consumer loan offering in Kenya, Tanzania and Uganda.

The company claims that over the next three years, the facility will allow it to supply dependable, sustainable energy to an estimated six million people across three countries. . . .

Kenya Is The Epicenter Of Beauty In East Africa

Posted on :Friday , 5th July 2024

Kenya has been an important player in the East African area and a developing hub for the global beauty industry in recent years. Kenya's beauty and personal care market is expected to increase at an annual rate of 6.78% with a current valuation of $2.3 billion, according to Statista. Kenya is beginning to emerge as a beauty hotspot in the region, with major competitors like Ethiopia, which is p. . .

Microsoft And G42 Are Planning A $1 Billion Investment In Kenya's Digital Economy

Posted on :Monday , 3rd June 2024

Microsoft and UAE-based artificial intelligence (AI) leader G42 have unveiled a historic digital transformation plan for Kenya, with the latter promising a $1 billion initial investment.

Kenya's Ministry of Information, Communications and the Digital Economy is leading the project, which intends to greatly improve the nation's digital infrastructure and give its people more c. . .