SUKHIBA, a Kenyan commerce and CRM platform, has successfully completed a $1.55 million seed extension round led by EQ2 Ventures. This latest funding round saw participation from top-tier investors including Accion Venture Lab, Musha Ventures, Quona Capital, and existing investor CRE Ventures. The funds will be instrumental in scaling SUKHIBA’s operations and enhancing its SaaS platform.
Diamond Trust Bank (DTB) has reported a notable 12 percent increase in net profit, reaching Sh4.9 billion for the half year ended June 2024. This growth marks a significant achievement for the bank, reflecting its robust performance and strategic expansion.
Starlink, the satellite firm led by billionaire Elon Musk, is set to revolutionize mobile connectivity with its new Direct to Cell service. This innovative strategy aims to integrate Internet and mobile services directly into subscribers’ phones, enhancing market reach and service accessibility.
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.
AMG Realtors has made a significant move by announcing its venture into the American market with the launch of a land investment offering in Dallas, Texas. This new project, named Kenya One, is designed to cater to a diverse range of buyers, including first-time home buyers, growing families, and retirees. The choice of Texas for this expansion is strategic, driven by the state’s robust economy, business-friendly environment, and exceptional growth trajectory.
Dorcas Oduor, has made history as Kenya’s first female Attorney-General, officially sworn in on August 20, 2024. Her appointment marks a significant milestone in Kenya’s legal landscape, reflecting the growing inclusivity within the country’s top legal positions.
Ethiopian Airlines Group is poised to strengthen Ethiopia’s e-commerce sector through a strategic partnership with AliExpress. The collaboration will utilize Ethiopian Airlines’ logistic hub to streamline the distribution of AliExpress products, potentially offering a significant boost to businesses seeking to penetrate international markets.
Selar, Africa’s leading marketplace for digital creators, is expanding its footprint into Kenya, recognizing the country as the largest market in East Africa with a vibrant community of creators. The platform offers a robust e-commerce store builder that empowers creators to monetize their digital products, such as courses, e-books, music, art, and more. This expansion aligns with Selar’s mission to drive economic growth by providing Kenyan creators with the tools to effectively showcase and sell their digital content.
