Helios Investment Partners sells its 60% stake in Telkom Kenya to The State

KENYA – The Government of Kenya, through The Treasury, has acquired a 60 per cent stake in Telkom Kenya from UK-based private equity fund, Helios Investment Partners, for KSh6.09 billion (US$50.40m), making the company fully State-owned. The exit comes six years after Jamhuri acquired majority ownership in the integrated telecommunications solutions provider from France Telecom in June 2016, through its…

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SBM Bank, AGF partner support women-led businesses and climate-focused MSMEs in Kenya

KENYA – SBM Bank Kenya, a commercial bank, has inked a risk-sharing agreement with the African Guarantee Fund (AGF) that will see them avail KSh1.2billion (US$9.93m) to women-led businesses and climate-focused Micro Small, and Medium Enterprises (MSMEs) in the country. The fund seeks to mitigate the challenge of access to affordable credit with favourable terms, a major challenge MSMEs and…

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Vodacom Business Africa expands its SD-WAN solution into Africa

AFRICA – Vodacom Business Africa has announced plans to launch its software-defined wide area networking (SD-WAN) solution to clients in all 47 operating countries across its African footprint after a successful trial in South Africa. SD-WAN is emerging as the go-to solution in business, delivering unmatched performance and cost benefits, including increased agility and quality of service, better reliability and…

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Solar energy solutions provider d.light appoints Nick Imudia as new CEO

AFRICA – d.light, a financer of residential solar energy solutions and transformational household products, has announced the appointment of Nick Imudia as its new Chief Executive Officer. With over two decades of experience scaling complex organizations, Mr. Imudia brings a high level of Africa expertise to d.light as the social impact company enters a new chapter of growth. Current CEO…

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KCB Bank inks financing deal with BasiGo for Electric buses

KENYA – KCB Bank Kenya, a financial service, and BasiGo Ltd, Kenyan electric vehicle start-up, have announced a partnership that will see customers access financing to buy electric buses. KCB customers will be able to access financing to buy BasiGo electric buses. KCB SAHL Banking customers, who under the Shariah-compliant banking model, will also be able to purchase the electric…

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