Kenya is strengthening its technology and digital innovation ecosystem through strategic partnerships with Malaysia and Ericsson. These collaborations aim to accelerate digital transformation, foster innovation, and drive investment in Kenya’s IT sector. Led by the Ministry of Information, Communications, and the Digital Economy, the initiative reflects Kenya’s commitment to becoming a regional technology powerhouse. Cabinet…
Kenya is taking a bold step toward industrialization and export-led growth with a landmark partnership between the Government of Kenya and Afreximbank. This collaboration will see the development and operationalization of Industrial Parks (IPs) and Special Economic Zones (SEZs), designed to strengthen the country’s manufacturing sector, create jobs, and boost exports. By leveraging economies of…
Kenyan businesses are gearing up to participate in the 137th Canton Fair, set to take place from April 15 to May 5, 2025, in Guangzhou, China. As China’s largest and longest-running trade exhibition, the Canton Fair presents a strategic platform for Kenyan enterprises to explore trade opportunities, expand networks, and establish global partnerships. This participation…
I&M Bank has officially expanded its footprint with the opening of two new branches at ABC Place and Kawangware, reinforcing its commitment to bringing innovative financial solutions closer to customers. This strategic expansion enhances accessibility and convenience, ensuring that businesses and individuals can access tailored banking services with ease. The Kawangware Branch, located at Naivasha…
Access to capital remains one of the biggest challenges for Micro, Small, and Medium Enterprises (MSMEs) in Kenya, with a staggering KES 2.2 trillion ($15 billion) financing gap limiting their ability to grow. Recognizing this challenge, Cellulant, Visa, and Citi have partnered to introduce Citi Optimized Pay, a groundbreaking solution powered by Tingg and Visa,…
Kenya’s startup ecosystem continues to make waves, securing $638 million in funding in 2024, surpassing traditional powerhouses Nigeria and South Africa. Despite a 25% decline in overall African startup funding, Kenya maintained its resilience, attracting 29% of Africa’s total funding and 33% of East Africa’s share. This growth underscores Nairobi’s emergence as “Silicon Savannah”, a…
Safaricom is taking a major leap forward in its technology modernization journey by deploying Red Hat OpenShift as its common cloud platform. This strategic move enables greater agility, stability, and scalability for mission-critical applications, including M-PESA, which serves 51 million customers and facilitates over $314 billion in transactions annually across Africa. By shifting to a…
Kenya is taking a bold step toward green industrialization with the establishment of the Olkaria Special Economic Zone (SEZ)—the country’s 16th SEZ and a game-changer for industrial investment. Spanning 8,292 acres, Olkaria is set to attract both local and international investors by offering tax incentives, world-class infrastructure, and direct access to affordable geothermal energy. This…
