Kenya has achieved a significant milestone with its export earnings growing by 15.4% in 2023, reaching Sh1 trillion for the first time in history. This historic achievement underscores the nation’s growing economic strength and resilience in the global market.
Spiro, an electric vehicle company, has secured a $50 million debt financing agreement with Afreximbank to accelerate its expansion into Cameroon and Morocco this year. This funding will be utilized to enhance Spiro’s network of automated swap stations and introduce new electric bike models, making green mobility solutions more accessible and convenient.
Digital lender Tala Kenya is set to launch a savings product targeting its 3.5 million customers, diversifying beyond lending. This new offering, piloting later this year, aims to transform Tala into a full-service financial provider.
KCB Group is leading the way in sustainable banking by adopting solar energy solutions in its branches. The bank has successfully installed solar panels in two branches as a pilot project and plans to extend this initiative to 19 more branches by the end of 2025.
Naspers and its international internet assets division, Prosus, are pleased to announce the appointment of Fabricio Bloisi as Group CEO, effective July 1st. Bloisi, currently the CEO of iFood, brings a wealth of experience and innovation to his new role, succeeding Bob van Dijk who led Naspers since 2014 and Prosus since its IPO in 2019.
The Tech Interactive, a leading science and technology education center in Silicon Valley, proudly welcomes Dr. Shikoh Gitau, CEO of Qhala, to its Board of Directors.
Kenya Steps Up Fight Against Corruption with Revamped Business Code of Ethics
Kenya is making a renewed push for ethical business practices with the relaunch of the Code of Ethics for Business in Kenya.
MVola, a leading fintech company in the country, is launching MVola Fô that will make financial services more accessible to everyone.
