Investment – Page 20 – Hakuna Matata Media

Rwanda Plans $200M Investments in Local Fintech Enterprises

2 years ago2 years ago04 mins

Rwanda is set to make a significant leap in its fintech landscape with a planned investment of $200 million in locally based financial technology enterprises between 2024 and 2029. This initiative is part of the Fintech Strategy 2024-2029, recently unveiled by the Ministry of Information and Communications Technology as Innovation. The government’s ambition is clear: to position Rwanda as the leading fintech hub in Africa and among the top 30 globally, climbing from its current ranking of fifth in Africa and 61st worldwide.

Standard Chartered Expands Foreign Currency Investments in Kenya

2 years ago2 years ago03 mins

Standard Chartered Bank is expanding its suite of foreign currency investment options, offering Kenyan investors more ways to access global markets. With the introduction of new products such as USD Money Market Funds, USD Corporate Bonds, USD Government Bonds, and Signature CIO Funds, the bank is catering to the growing demand for international investment opportunities.

Capital A Investment Bank Rebrands, Targeting Diaspora Investors Worldwide

2 years ago2 years ago04 mins

Capital A Investment Bank, formerly known as Securities Africa Kenya Limited, has officially rebranded, marking a significant milestone following its recent investment bank license approval from the Capital Markets Authority (CMA). Previously operating as a stockbroker, the firm has expanded its capabilities to offer specialized investment advisory services. With a wider array of financial instruments such as bonds, equities, Eurobonds, and corporate finance, the bank is set to strengthen its role in the Kenyan financial market.

WellPall Expands into Saudi Arabia with New Funding

2 years ago2 years ago05 mins

WellPal, the Egyptian e-commerce platform specializing in health and wellness products, has made a strategic move to Saudi Arabia following a successful investment round secured from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal is a Flat6Labs portfolio company that has rapidly gained traction in the health tech space. With the relocation to Saudi Arabia, WellPal aims to accelerate its growth and establish itself as the go-to platform for health-conscious consumers across the Kingdom.

British High Commission Announces Sh390M for Digital Access in Busia, Mandera

2 years ago2 years ago04 mins

The British High Commission has announced a significant investment of Sh390 million for the ‘Strengthening Digital Communities’ project in Busia and Mandera counties. This initiative aims to bridge the digital divide by enhancing access to digital skills and technology, specifically targeting women, young people, senior citizens, and persons with disabilities (PWDs). The funding reflects a commitment to fostering digital inclusion in regions facing considerable challenges related to access and skills.

$90B World Bank/AfDB Plan Starts Electrifying Africa

2 years ago2 years ago04 mins

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.

Safaricom Invests Sh104.8B in Health Digitization

2 years ago2 years ago03 mins

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.

Airtel Africa Foundation Introduces $500k Fellowship Program

2 years ago2 years ago03 mins

The Airtel Africa Foundation has launched its inaugural ‘Airtel Africa Fellowship Program’ for undergraduate students at the Indian Institute of Technology (IIT) Madras in Zanzibar, Tanzania. This marks a significant milestone as IIT Madras Zanzibar is the first international campus of the renowned Indian institution.