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Kenya signs MoU for proposed $3 billion Geely-backed electric vehicle project
Kenya has signed a memorandum of understanding for a proposed $3 billion electric vehicle manufacturing project involving Chinese automaker Geely, the government said, as the East African country seeks to attract investment into clean transport and local manufacturing. The project, being developed with Endelevu Enterprise Corporation and Geely, would include an electric vehicle assembly plant…
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Unilever puts $540,000 into Kenya solar plant, targets $230,000 in annual savings
Unilever has invested about $540,000 (70 million Kenyan shillings) in an 800-kilowatt solar power system at its Nairobi factory, which the consumer goods maker expects will provide about 30% of the plant’s electricity and save $230,000 a year. The system became operational in June, Unilever said, as manufacturers in Kenya seek to manage electricity costs…
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Absa to offer up to $2 million loans for Kenya cold storage firms
Absa Bank Kenya will provide loans of between $500,000 and $2 million to agricultural businesses investing in cold-storage infrastructure under a new financing arrangement with the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP). The financing will target agricultural aggregators, equipment suppliers, exporters and other large businesses seeking to deploy…
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Best Tech Business Ideas to Start in Kenya
Kenya’s reputation as Africa’s Silicon Savannah is open for business. From the mobile money revolution, a thriving startup ecosystem
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Setting Up a Tech Business in Kenya: A Guide for Foreign Founders
Setting Up a Tech Business in Kenya, Africa’s “Silicon Savannah,” which is attracting tech innovators and international investors
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Kenya Airways CEO Allan Kilavuka to exit, COO George Kamal named acting chief
Kenya Airways Plc said on Tuesday that Group Managing Director and Chief Executive Officer Allan Kilavuka will exit the airline
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Bolt Kenya’s motorbike fleet now 40% electric
Bolt, the leading on-demand mobility platform, has announced that over 40% of its motorbike fleet in Kenya is now electric
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WIOCC raises $65m to accelerate Africa’s digital infrastructure expansion
WIOCC Group, one of Africa’s largest open-access digital infrastructure providers, has secured $65 million to expand its network
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NCBA & HEVA Fund to offer credit solutions to artists
NCBA & HEVA Fund to offer credit solutions to artists. The creative economy contributes over 5.3% of Kenya’s GDP annually
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Acorn raises $17 million to build rent-to-own properties for Nairobi’s young urbanites
Acorn has received $17 million to build affordable rent-to-own rental properties for young professionals in ubarn centers.