Burkina Faso Adopts Local Fabrics for School Uniforms

Burkina Faso is making significant strides in promoting its cultural identity and reducing reliance on international imports by adopting traditional, locally made fabrics for school uniforms. This initiative not only embraces the nation’s rich textile heritage but also aims to support local industries and job creation. The government’s decision to halt imports of police and military uniforms further emphasizes its commitment to local production.

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Ecobank Fintech Challenge 2024 Finale is September 27th

The Ecobank Fintech Challenge 2024 finale is set to take place on September 27th, 2024, bringing together Africa’s most innovative fintech minds. This prestigious event aims to showcase the latest advancements in technology that are driving financial inclusion and innovation across the continent. With a focus on empowering entrepreneurs, the challenge highlights solutions that address pressing issues in banking, payment systems, and economic growth.

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$90B World Bank/AfDB Plan Starts Electrifying Africa

The World Bank and the African Development Bank have launched an ambitious $90 billion initiative to electrify Africa, aiming to provide electricity to 300 million people by 2030. This transformative plan begins with an initial pledge of $30 billion, marking a significant step toward addressing the energy crisis facing the continent. With around 600 million Africans currently lacking access to electricity, this initiative seeks to uplift some of the world’s poorest nations and enhance productivity across the region.

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LOOP App’s DISCOVER Tab Simplifies Finding New Deals

The LOOP app has launched the DISCOVER tab, revolutionizing the way users find discounts and special offers in Kenya’s growing e-commerce landscape. With the surge of online retailers, the opportunities to snag a great deal have multiplied, yet the sheer volume of promotions can be overwhelming. The DISCOVER tab serves as a centralized platform, streamlining the process of discovering bargains without the exhaustive search.

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Safaricom, Google Partner to Train Migori Small Businesses

Safaricom PLC has partnered with Google to provide financial and digital literacy training to small businesses in Migori County, Kenya. This initiative aims to empower local entrepreneurs by equipping them with essential skills and knowledge to effectively manage and grow their businesses. The training covers a comprehensive range of topics, including budgeting, saving strategies, investment opportunities, and an in-depth understanding of various financial products and services.

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Davis & Shirtliff, Flowserve Improve Access to Industrial Pumps

Davis & Shirtliff, a leader in water and energy solutions in Africa, has partnered with Flowserve Corporation to enhance access to premium industrial pumps and seals across East and Central Africa. This collaboration marks a significant advancement in providing affordable, high-quality products to companies in the region, expanding Davis & Shirtliff’s industrial portfolio with Flowserve’s renowned offerings.

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Safaricom Invests Sh104.8B in Health Digitization

Safaricom has unveiled a transformative Sh104.8 billion investment in Kenya’s healthcare sector, aiming to leverage technology to enhance the nation’s health system. This initiative aligns with the Ministry of Health’s vision for universal quality healthcare and will unfold over ten years to develop an integrated Healthcare Information Technology System (IHTS). The move underscores Safaricom’s commitment to societal transformation through innovative solutions.

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Remittances Reach Record Sh55B in August 2024

Kenyans living abroad have made a significant contribution to the nation’s economy, increasing their remittances by $72.9 million (Sh9.4 billion) in August 2024 compared to the same period last year. This brings the total remittances for the month to $427.2 million (Sh55.09 billion), marking a 20.6 percent increase from August 2023. This surge represents the highest amount ever recorded for remittances to Kenya from its citizens abroad.

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