Market News

Turaco, a micro-insurtech start-up based in Kenya, has raised $2 million from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acron, and other angel investors in serial seed equity investment. The investment will be used to expand Turaco further and to increase its . . .

The Africa Command of the United States Military (AFRICOM) donated a mobile field hospital worth SH173 million and transferred an additional SH131 million in vehicles and training equipment to the Kenya Border Police Unit (BPU). The U.S. Embassy said the new equipment is intended to increase po . . .

Swedfund, the Swedish government development fund, is investing in Kasha Global, whose e-commerce platform provides access to and purchase of contraceptive, menstrual and health care products, both online and offline, for women, primarily in Rwanda and Kenya. The Chief Executive Officer of Swed . . .

The government has finalized plans to set up a central chemical testing laboratory in Marsabit County to serve the northern region. Government chemist Ali Gakweli said preparations for the facility had started with the government chemist department securing a building at the local Kenya Agricul . . .

A Kenyan technology startup, Xetova, has been named as a 2020 Global Solve finalist by Massachusetts Institute of Technology (MIT) in the health Security and Pandemics track. MIT Solve is an initiative of the Massachusetts Institute of Technology (MIT) with a missi . . .