NCBA Bank has recently expanded its footprint with the grand openings of new branches in Limuru and Githunguri, marking a significant milestone in its growth strategy. These new locations are set to enhance financial accessibility for local communities, offering tailored financial solutions to support various needs.
Workpay, the Kenyan cloud-based HR, payroll, and benefits platform, has successfully raised $5 million in Series A funding. This significant funding round, led by Norrsken22 and featuring investors such as Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures, and Acadian Ventures, follows Workpay’s successful pre-Series A round of $2.7 million in early 2023.
Bradford Nyangiri and Felix Makori from Menyenya Secondary School in Nyamira County have emerged as the overall winners of the 2024 Young Scientists Kenya (YSK) National Science and Technology Exhibition. Their innovative project, the “Sunken Cooking Jacket,” excelled among 1,780 submissions, securing the top position in the Chemical, Physical, and Mathematical Sciences category, specifically within the Energy and Transport sector.
In Kenya, informal cooperative societies, or chamas, have long played a vital role in fostering financial stability and progress. These groups have been instrumental in helping families achieve significant milestones, from education to home ownership and small business ventures. However, as chamas grow in size and complexity, they face new challenges, particularly in record-keeping and financial management.
Kenya is witnessing a significant surge in interest in artificial intelligence (AI), ranking fourth in Africa and 13th globally in AI-related searches this year. This uptick in curiosity underscores a growing awareness and engagement with AI technology across the country.
Access Bank Plc is on the brink of a significant expansion in East Africa as it nears the acquisition of National Bank of Kenya (NBK). The Nigerian banking giant has entered the final stages of this strategic move, pending approvals from the Central Bank of Kenya and the Competitions Authority of Kenya. This acquisition is a key part of Access Bank’s five-year plan to enhance its presence in Kenya and solidify its role in the East African trade corridors.
