bursa escort ankara escort adana escort manavgat escort eskişehir escort malatya escort diyarbakır escort urfa escort şişli escort avcılar escort sarıyer escort şişli escort mecidiyeköy escort beşiktaş escort pendik escort maltepe escort ataşehir escort kadıköy escort çeşme escort konya escort beylikdüzü escort esenyurt escort ankara escort mezitli escort manavgat escort konya escort antalya escort diyarbakır escort esenyurt escort
Inspiring Africa's Sustainable Business Growth
KENYA – German outdoor power tools manufacturer Stihl has injected KSh500 million (US$4.17m) into its new Nairobi hub in a bid to support small-scale farmers acquire farming equipment in Kenya and East Africa at large. The manufacturer of various agro equipment and forest equipment noted that with a majority of Africans engaging in agriculture as their source of livelihood, the…
Read More
EAST AFRICA – Uber, a ride hailing company, has announced the appointment of Imran Manji as their new Head of East Africa. He will be responsible for Uber’s business strategy and growth across the region which includes Kenya, Uganda and Tanzania. Imran previously worked as co-CEO for TowerTech Africa, a leading manufacturer and supplier of towers in East Africa. He…
Read More
EAST AFRICA – OpenWay, a digital banking and payment software provider, has announced two new implementation partners in East Africa — TechNote Limited, along with iCon Transactions and Tracing Technologies Limited (iT&TT). These new additions to OpenWay’s partner network will allow its clients to reduce time-to-market for innovative digital payments solutions in East Africa and beyond. “OpenWay is already well-positioned…
Read More
EAST AFRICA – The Democratic Republic of the Congo (DRC) has joined the East African Community (EAC) becoming its 7th Partner State. Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda are the other members. The DRC is the largest and most populous country to join the EAC, bringing a market of 90 million people and immediately upgrading the region’s GDP…
Read More
KENYA – Kenya is set to host the first trade facilitation summit in the East African region organised by the Kenya Trade Network Agency (KenTrade), as the country seeks to increase international trade. The one-day summit themed “Re-imagining Trade Facilitation in an era of Technology” is as part of its 10 years of trade facilitation celebrations. According to KenTrade’s Chief…
Read More
EAST AFRICA – Goodlife Pharmacies, healthcare and retail pharmacy chain, raised US$12 million in debt financing from Proparco, the French Development Finance Institution, to increase access to quality medicines and healthcare services in East Africa. Goodlife is the largest private pharmacy chain in East Africa and has grown its pharmacy and health hub network to nearly 100 locations across Kenya…
Read More
UGANDA – Uganda’s Rocket Health, telemedicine, and last-mile healthcare provider, has closed a US$5 million series A funding round to accelerate its expansion to the different regions of Uganda and into Kenya. The funding round was led by Creadev, an evergreen investment fund backed by the Mulliez family of French entrepreneurs. The round also attracted participation from early-stage African investors…
Read More
EAST AFRICA – TotalEnergies and the Lake Albert Development Project partners announced the final investment decision and the launch of the project in Uganda and Tanzania, representing a total investment of approximately US$10 billion. The Lake Albert development encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in…
Read More
EAST AFRICA – Samsung Electronics has appointed Tae Sun Lee as its East African Managing Director effective January 2022. He takes over from Seok Min Hong who has been at the helm of the company since September 2017. Lee previously served as the Strategic Director Integrated Mobility Division at Samsung Electronics South Africa. Mr. Lee joined Samsung Electronics in August 2003 where he…
Read More
EAST AFRICA – The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of US$10 million in the ARCH Cold Chain Solutions East Africa Fund (CCSEAF) to support the development, construction, and operation of greenfield cold storage, temperature-controlled solutions and distribution facilities in East Africa. The investment will advance the Fund toward its targeted final…
Read More