The Export-Import Bank of India has announced a significant increase in its lending to Kenyan businesses, raising the facility to Sh32.5 billion. This expansion follows the inauguration of a representative office in Nairobi’s Westlands, aiming to bolster trade between India and the East African region. The opening ceremony, attended by Prime Cabinet Secretary Musalia Mudavadi, marked a milestone in strengthening economic ties.
Oracle, renowned for its database management systems and cloud solutions, has announced plans to establish two Oracle Cloud Regions in Morocco. This major development aims to provide enterprise cloud services to local and regional organisations throughout Africa, enabling Oracle customers and partners to transition mission-critical workloads from their data centres to Oracle Cloud Infrastructure (OCI).
Glovo has partnered with EV manufacturer Siltech to utilize its electric vehicle products and services for deliveries in select areas of Lagos, Nigeria. This strategic partnership aims to reduce costs associated with petrol and maintenance for internal combustion engine motorcycles, positioning Glovo at the forefront of sustainable delivery solutions.
NoOnes, a global financial communication super app, has launched its innovative virtual VISA card in the Ivory Coast, Kenya, and South Africa. This significant development marks a key step in facilitating global trade and enhancing financial inclusion across these regions.
Thalia Psychotherapy, a Kenyan startup, has clinched the top prize in the Health Tech category at the prestigious 2024 Viva Technology conference in Paris, France. This global event gathers the brightest minds to discuss future technologies, with artificial intelligence taking center stage this year.
Econet Wireless Zimbabwe has announced ambitious plans to deploy approximately 550 base stations as part of its accelerated network modernisation programme. This significant investment was revealed by Econet board chairperson James Myers during the release of the company’s earnings for the financial year ending February 29, 2024.
Opera, a global browser innovator, has introduced a significant privacy enhancement to Opera Mini with the launch of Locked Mode. This new feature enables PIN-protected browsing, offering users an extra layer of privacy protection and greater control over their mobile browsing experience.
The European Investment Bank (EIB) has announced a significant investment of €25 million (Sh3.5 billion) in Amethis Fund III. This pan-African fund aims to provide private equity growth capital to medium-sized enterprises across the continent, including in Kenya. The EIB’s investment underscores its commitment to fostering economic development and supporting businesses that drive sustainable growth in Africa.
