TotalEnergies has recently signed an agreement with Bujagali Energy Ltd to invest in key energy projects, focusing on renewable energy. The deal includes acquiring a 28.3 percent stake in the Bujagali hydropower plant, located in Jinja, Uganda, which plays a crucial role in meeting the country’s electricity demands with its 250 MW capacity.
Cartona, an Egypt-based B2B e-commerce platform, has successfully raised $8.1 million in a Series A extension round led by Algebra Ventures. This latest financing round saw significant contributions from existing investors Silicon Badia and the SANAD Fund for micro, small, and medium enterprises, alongside Camel Ventures and GlobalCorp, which provided $2.5 million in debt and $5.6 million in equity, respectively.
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.
