Africa’s largest payment gateway, MFS Africa, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories.
The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organization’s licensed payment rails. The service will first launch in...
Norfund, the Norwegian government’s investment fund, with a mission to support sustainably driven business operations in developing countries, signed a US$ 14 million financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDBIB, Sri Lanka, was the Financial Advisor for the transaction.
Based at the Export Processing Zone, Athi...
Tata Chemicals Magadi has expressed confidence and optimism in the future of its business in Kenya, anchored on innovative and climate-smart solutions.
The Company expressed its confidence in the Kenyan economy where its turnaround efforts have paid off with transformation to a competitive operation.
The Company in the meanwhile has also been working to long-term sustainability of the lake...
Local non-bank finance solutions provider, Sanlam Kenya, has committed to improving the infrastructure facilities in three schools located in Kitui and Nyeri counties, improving the learning environment for over 700 students.
Kalatine Primary School and Kakululo Secondary School in Mwingi, Kitui County and Birisha Primary School in Mweiga, Nyeri County will receive infrastructure support to the tune of Ksh21.1 million.
The...
L’Oréal has appointed Yassine Bakkari as the new Managing Director for East Africa, with his predecessor Serge Secre taking on a new role as MD for South Africa.
Prior to joining East Africa, Yassine was the Operations Director for L’Oréal Middle East where he developed an omni-channel transformation of the group’s four divisions by creating a unified experience across e-commerce,...
The Postal Corporation of Kenya (PCK) is looking to capture a larger piece of the logistics and delivery market with investments in warehouses across all 47 counties.
It is also keen on accelerating its digital transformation to take it out of the red, with focus on facilitating logistics for ecommerce in Kenya. The corporation has been unable to leverage its...
HF Group CEO Robert Kibaara and Madison Life MD Githua Ngaruiya during the partnership signing ceremony.
Madison Life Assurance and HF Group’s banking subsidiary HFC have inked a partnership to bring to life VillaKazi Homes, a planned mixed-use project in Athi River. Madison is providing the 100 acres valued at Ksh. 3 billion while HFC will provide end user...
SasaPay and Oma service have announced a new payment solution for passengers of electric buses.
The collaboration aims to promote the use of Electric buses provided by BasiGo while simplifying the payment process for passengers.
With this collaboration, passengers of Oma service bus will be able to use SasaPay to pay for their journey. SasaPay is a mobile money wallet product...
Commenting on the results, Sunil Kaushal, Regional CEO, Africa and Middle East said: “In 2022, we achieved remarkable success as we advanced our transformation journey to recalibrate and restructure our network across Africa and the Middle East. Our outstanding financial performance is a reflection of the efforts and dedication of our team”.
“As we forge ahead to drive future growth,...
Listed superfoods grower and exporter Kakuzi Plc has confirmed plans to double Avocado exports to China following an engagement with Dalian Yidu Group, a major Chinese importer of fresh fruits and vegetables.
Over the weekend, the Nairobi Securities Exchange (NSE) listed firm hosted a high-powered delegation from the Dalian Yidu Group at its Makuyu, Murang'a County, orchards and packhouse,...
