Former Sabatia MP Alfred Agoi Masadia has been appointed as a new non-executive director to the board of KenGen, filling the position previously held by Julius Ogamba. Ogamba resigned following his recent appointment as Cabinet Secretary in the Ministry of Education.
Mobikey Truck and Bus East Africa is intensifying its efforts to capture a larger share of the region’s commercial vehicles market, driven by the fast-growing economies and high demand for transportation solutions. As the official distributor of MAN trucks and buses in Uganda, Tanzania, and Kenya, Mobikey is targeting the public transport, construction, and mining sectors with its expanded offerings.
This week’s AfricArena Nairobi Climate Tech Summit celebrated the success of six innovative African start-ups that emerged victorious from rigorous pitching battles. The summit, a key event in the continent’s green economy calendar, showcased the potential of African technology in addressing environmental challenges.
Thanks Carbon, a South Korean climate-tech start-up, is making a significant move into Africa’s carbon market with its innovative Haimdall solution. This technology is designed to target government institutions, large-scale agribusinesses, and individual farmers, offering a new avenue for earning profits through carbon credits.
Adani Ports and Special Economic Zone (APSEZ), India’s largest ports and logistics company, has acquired an 80 percent stake in Astro, a leading offshore support vessel (OSV) operator. This $185 million (Ksh. 23.9 billion) all-cash deal significantly expands APSEZ’s capabilities and control over offshore support operations across the Middle East, India, Far East Asia, and Africa.
The International Trade Center (ITC) has launched the Medium and Small Enterprises (MSMEs) Financing Gateway in Kenya and Uganda, marking a significant milestone in supporting enterprise development in the region. This new digital platform is designed to provide essential resources and support for MSMEs, offering a comprehensive suite of tools to enhance business growth and sustainability.
RUBiS Energie has announced the appointment of Olivier Sabrié as the new CEO for East Africa and Group Managing Director of RUBiS Energy Kenya. Sabrié, who succeeds Jean-Christian Bergeron, brings extensive experience to the role from his recent position as Chairman and Managing Director & VP South Asia at Total Energies Marketing India Private Ltd.
President William Ruto has announced that Kenya has officially joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member. This significant development was confirmed following his meeting with AIIB President Jin Liqun at the bank’s headquarters in Beijing. The new membership opens avenues for Kenya to access concessional funding for a range of development initiatives.
