President William Ruto has officially launched Kenya’s first shariah-compliant bond, the ‘Linzi Sukuk,’ on the Nairobi Securities Exchange’s (NSE) Unquoted Securities Platform (USP). This groundbreaking initiative aims to finance the development of 3,069 affordable housing units, addressing a critical need for accessible housing in the country.
Salient Advisory has unveiled its latest market intelligence report, titled “Leading Innovations Enabling Health Product Access in Africa,” highlighting 24 pioneering African supply chain innovators poised for significant impact. Funded by the Gates Foundation, this report sheds light on the crucial role these innovators play amidst challenging macroeconomic conditions and declining investment in African tech ecosystems.
Nation Media Group (NMG) bid farewell to its Chief Executive Officer, Stephen Gitagama, who is stepping down after 17 years of dedicated service. His last working day at the media house is July 31, marking the end of an era of transformative leadership.
The Alliance for a Green Revolution in Africa (AGRA) has revealed the top 15 finalists for the 2024 VALUE4HER Women Agripreneurs of the Year Awards (WAYA). This year’s finalists, selected from an impressive 1,535 applications across 44 African countries, represent the pinnacle of women’s leadership and innovation in agribusiness.
Kenya Power, in collaboration with the Japan International Cooperation Agency (Jica), has secured a Sh1.85 billion grant to connect approximately 9,121 households in Nakuru, Kilifi, Kwale, and Nyandarua to electricity. This funding marks the commencement of the fifth phase of the Last Mile Connectivity Project.
Kenya is launching an ambitious initiative to boost tourist arrivals by engaging its diaspora. The Kenya Tourism Board (KTB) has unveiled a new marketing campaign, “Ziara Kenya: One Diaspora, One Tourist,” aimed at leveraging the global networks of Kenyans living abroad to increase tourism to Kenya.
Kim-Fay East Africa, a leading manufacturer and distributor of hygiene, tissue, and home care products, has secured debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This significant investment will support the company’s regional expansion efforts and enhance its production capabilities.
Kenya and Uganda have initiated discussions on extending the Eldoret-Kampala petroleum products pipeline, as announced by the Kenya Pipeline Company (KPC) on Tuesday. This strategic extension aims to enhance regional fuel distribution and improve access to petroleum products.
