MKU launches Kes20 Million hotel

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MKU launches Kes20 Million hotel

Staff Writer - June 2, 2021

Mount Kenya University has launched a Kes20 million hotel at its main campus in Thika. The hotel will be the training ground for MKU...

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Mawingu has raised KSh 1.9 Billion ($15 million) of debt and equity financing to enable this expansion into East Africa. The Africa Go Green Fund (“AGG”), managed by Cygnum Capital, will provide KSh1.4 Billion ($11 million) of long-term senior debt. This is supported by an additional KSh0.5 Billion ($4 million) investment from InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and from Dutch Entrepreneurial Development Bank FMO. This acquisition will enable the company to replicate its wins in Kenya, into Tanzania and East Africa. The primary objective is to scale Mawingu’s affordable home Internet proposition to underserved communities in East Africa by acquiring and growing ISPs in the target markets.

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With just one month to go before the African Mining Week (AMW) conference, global mining stakeholders are preparing for industry-shaping discussions, deal signings and new partnerships at Africa’s premier gathering for mining stakeholders. Scheduled for October 1–3, 2025, in Cape Town, AMW takes place under the theme From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth, uniting African stakeholders with global partners to enhance investment flows across the mining value chain. AMW 2025 has confirmed the participation of six African mining ministers including Martin Gama Abucha, Minister of Mining for South Sudan; Winston Chitando, Minister of Mines and Mining Development for Zimbabwe; Kenneth Zikhale Reeves Ng'oma, Minister of Mining for Malawi; Teddy Lwamba, Minister of Hydraulic Resources and Electricity for the Democratic Republic of Congo (DRC); Emmanuel Kofi Buah, Ghana’s Minister of Lands and Natural Resources; and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources. The ministers will engage in the Ministerial Forum, exclusive fireside chats and country spotlights, where they are expected to showcase policies aimed at attracting investments. The event will also feature high-level regulatory authorities including Moses Micheal Engadu, Secretary General of the African Union’s Africa Minerals Strategy Group and Khadidja Hassane Abdoulaye, Secretary of State for Petroleum, Mines and Geology for Chad. Sponsored by various stakeholders from across the industry, including the Africa Finance Corporation (AFC), Rand Refinery, Sidley Austin, OilDynamics, Moore Global and Power Trake, AMW will unite global investors with African projects. The event will feature investors such as the AFC, International Development Corporation of South Africa, African Infrastructure Investment Managers, World Mining Investment and Standard Bank, showcasing financing tools and strategies driving capital flows into Africa’s mining and infrastructure projects. In support of Africa’s mineral production increase agenda, AMW 2025 will feature leading mineral producers, showcasing industry milestones, ongoing projects and strategies for resource development and monetization. Participating producers include Implats, Valterra Platinum, Ivanhoe Mines, Pensana, B2Gold, First Quantum Minerals, Goldfields and Typhoon Greenfield Development. In addition, downstream players such as Rand Refinery – one of the world’s largest integrated metal refining facilities – Isondo Precious Metals, Toyota SA and others will highlight value-addition strategies in support of Africa’s beneficiation and local processing drive. AMW will also spotlight the energy–mining nexus, featuring insights from Francesco La Camera, Secretary General, International Renewable Energy Agency, and representatives from renewables firms JUWI, Solink and energy services company OilDynamics. The conference will run in parallel with African Energy Week: Invest in African Energies, creating a platform for collaboration between energy and mining stakeholders. AMW 2025’s three-day agenda will also feature contributions from research institutions, academia and legal experts, including S&P Global Insights, Columbia Business School, Chatham House, Sidley Austin, Moore Global, Minexx, and Project Blue, who are expected to shape discussions on policy, market trends and the future of African mining. The event will also feature an exhibition space, showcasing technologies, services and expertise from across the mining value chain. With one month to go, stakeholders have time to secure their place at Africa’s premier mining event. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

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Azentio Software (www.Azentio.com) , a leading technology enabler in the BFSI space, announced the launch of Azentio Loan Origination, its next-generation product that redefines how financial institutions scale credit operations across retail, SME, and corporate segments, and supports both conventional and Islamic financing. According to Deloitte (http://apo-opa.co/46lKYvA), today’s lending market demands speed, personalization, and easy digital access. Azentio Loan Origination enables banks and financial institutions to onboard customers quickly, make accurate credit decisions, and provide a seamless borrower experience, all while staying compliant with evolving regulations. Reimagining speed and personalization in lending With Azentio Loan Origination, lenders can launch new products up to 70% faster. Built-in compliance for each region shortens time-to-market from months to weeks. This enables lenders to avoid delays, accelerate innovation, and identify new growth opportunities. Smarter credit decisions for precision and efficiency Azentio’s new loan origination offering streamlines every step of credit decisioning with automation at its core. Its policy-driven framework seamlessly integrates with KYC, AML, and credit bureau systems to reduce approval delays and minimize manual errors. Pre-configured integrations and dynamic workflows make onboarding faster and simpler, helping banks lower drop-offs and improve decision accuracy. With compliance built in for both conventional and Islamic finance, lenders can grow without regulatory risk. Future-ready architecture for scalable growth Azentio Loan Origination is cloud-ready, scalable, and integrates easily with existing technology stacks, enabling financial institutions to expand into new regions. Its open framework ensures resilience, adapts to regulatory change, and supports new capabilities such as advanced analytics and alternative data without causing significant disruptions. “Banks are under pressure to deliver seamless digital experiences while navigating tougher regulatory landscapes,” said Guru L, Senior Vice President, Lending – Product Management, Azentio. “Azentio Loan Origination brings speed, intelligence, and compliance together in a single offering, enabling financial institutions to innovate and scale. With this launch, we are equipping the industry not just to keep pace with change, but to lead it.”

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Tag: Prof Simon Gicharu

MKU launches Kes20 Million hotel

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