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.
Kenyan startups, BasiGo and Kapu, have been selected to join the prestigious World Economic Forum (WEF) Technology Pioneers Community! This elite program grants them access to a global network of investors, mentors, and resources.
Kenya’s capital, Nairobi, has climbed 24 places to rank 113th globally in the latest Global Startup Ecosystem Index report by StartupBlink, up from 137th last year.
The United Nations Development Programme (UNDP) and the timbuktoo Africa Innovation Foundation are launching an exciting opportunity for young African entrepreneurs.
M-PESA Africa users can now top up phones for people in over 70 countries directly from the app. This long-awaited feature is available under the “Buy Airtime” option.
Despite political uncertainties, South Africa’s innovation scene continues to impress.
