Absa and Renault have joined forces in a strategic alliance aimed at driving market-leading growth for both businesses. The collaboration introduces Renault Financial Services, an Absa finance product designed to offer comprehensive financial solutions to Renault customers across South Africa.
Zonken Food and Agriculture Ltd, a Chinese firm, has signed an MoU with Njeru Industries Ltd, a tea processor in Meru County, Kenya, to enhance tea value addition and boost exports to overseas markets. This landmark agreement was signed during the Nairobi International Cultural Festival, underscoring China’s rich tea heritage and the potential for collaboration.
Kenya Tourism Board has launched a strategic marketing campaign aimed at boosting tourism within the East African Community (EAC) market. The initiative, announced by KTB CEO June Chepkemei, involves partnering with renowned social media influencers and key media outlets across EAC member countries to enhance destination visibility and ignite travel interests.
Airtel Kenya has launched its new Airtel Premier Plans, designed to provide the ultimate freedom and convenience in mobile telecommunications, directly competing with Safaricom’s Postpaid services. These plans, available through the ‘My Plan, Chaguo Langu’ platform, cater to a wide range of users including MSMEs, startups, individuals, and corporates.
Vertiv has introduced a new portfolio of high-density data centre infrastructure solutions, Vertiv™ 360AI, designed to meet the increased power and cooling demands of Artificial Intelligence (AI) across Europe, Middle East, and Africa (EMEA). This launch supports AI deployments of any scale, from Edge AI to full data centre solutions for AI model training.
The Kenyan government has allocated Sh612.7 million to connect Marsabit, Kenya’s second-largest county, to the national power grid for the first time. This initiative is part of a larger plan by the National Treasury, with further allocations set to reach Sh3.97 billion by the financial year 2025/26.
Kenya’s capital city, Nairobi, has significantly improved its ranking as one of the most preferred cities for startup investments, climbing 24 places to position 113 globally, up from 137th last year. According to the latest Global Startup Ecosystem Index report by StartupBlink, Nairobi also moved up one spot among African peers to rank third, surpassing South Africa’s Cape Town.
Shelter Afrique, the pan-African housing financier, is transforming into a development bank, seeking institutional investors to bolster its capital after rebranding last year. This transformation allows the institution to onboard private sector players, pension funds, commercial banks, and non-African financial institutions as shareholders, marking a significant evolution in its funding strategy.
