Business

Mastercard Partners enza to Bring Fintech Firms to its Network

Business /

Mastercard has announced a partnership with payments firm enza to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players embedded Mastercard payment solutions capabilities to serve both consumers and businesses. “At Mastercard, we are focused on powering the fintech ecosystem by enabling access to our trusted global network. Through […]

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EADB Secures $40M to Drive SMEs & Infrastructure Development Across East Africa

Business /

The East African Development Bank (EADB) has secured a $40 million loan from the OPEC Fund for International Development to drive regional development initiatives across East Africa. The East African Development Bank (EADB) is a regional development finance institution established to provide long-term finance for enterprises in East Africa to promote development and regional integration

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Kenya Tourism Board Targeting Over 750,000 European Tourists This Year

Business, Tourism /

The Kenya Tourism Board (KTB) is targeting to welcome 764,734 European tourists this year, a 12.5% increase from last year due to air connectivity and safety assurances. The board last year received 680,373 guests but it expects an increase due to plans by Kenya Airways to launch direct flights to London Gatwick from July 2nd,

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Qatar Airways Retains Skytrax ‘Airline of the Year’ Title for 9th Time

Business, Transportation /

Qatar Airways has once again been named the ‘World’s Best Airline’ by the prestigious international air transport rating organisation, Skytrax, retaining the top position for a record-breaking ninth time. Qatar Airways says the achievement reaffirms its steadfast commitment to delivering excellence across every touchpoint of the travel experience. In addition to securing the airline industry’s

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CFAO Mobility Kenya & Almasi Financial Services to Offer Sharia-compliant Financing

Business /

CFAO Mobility Kenya and Almasi Financial Services have partnered to give their customers access 90% financing to purchase commercial vehicles at very convenient rates and payable within 60 months. The deal is expected to boost the transport and logistics sector by providing entrepreneurs with affordable access to heavy commercial trucks, through a Sharia-compliant finance partner.

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LemFi acquires fintech Pillar, to launch credit cards for immigrants

Apps, Business, Games /

LemFi, an international payment services startup based in London, has acquired Pillar, a UK-based fintech focused on credit access for immigrants, in a strategic move that will transform financial services for immigrants. This acquisition paves the way for LemFi to launch specialised credit cards designed especially for immigrant communities, addressing one of their most persistent

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Twiga to Let Go of Over 300 Employees in Great Pivot

Business, Software, Technology /

Twiga, the Kenyan agritech and retail distribution company, which has been restructuring and pivoting to profitability, has reportedly let go of over 300 employees to achieve its ‘NewCo’ dream. According to a report by pan-African tech publication TechMoran, “The company intends to declare financial distress, file a manufactured bankruptcy, fire over 300 employees, transfer assets

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Kenya Unveils Ksh 4B National Sugar Sector Support Plan

Business /

Kenya has unveiled an annual Ksh 4B National Sugar Sector Support Plan to support sustainable growth across the entire sugar industry, not just a single player. The national Ksh 4 billion annual investment plan is funded through the Sugar Development Levy (SDL) and was unveiled by the Agriculture and Livestock Development Cabinet Secretary Hon. Mutahi

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Kenya Tapping the $6.3 Trillion Global Wellness Economy

Business /

Kenya has reaffirmed its ambition to be Africa’s premier wellness tourism hub, targeting an influx of both regional and international visitors seeking holistic, nature-immersive experiences. Kenya Tourism Board (KTB) CEO June Chepkemei underscored the board’s commitment to mainstream wellness offerings as a strategic growth area for the hospitality and tourism sector. Kenya has great potential

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Del Monte Joins the Prestigious United Nations Global Compact

Business /

Del Monte Kenya has officially joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. As a member of this prestigious network, Del Monte Kenya becomes part of a global network of over 23,000 companies and 4,000 non-business participants dedicated to building a more sustainable, inclusive, and responsible future. Confirming the news, Del

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