United Kingdom avails US$220m financing to improve access to high-quality internet in Kenya

KENYA – The United Kingdom, through the British International Investment (BII), has availed financing worth US$220 million to improve access to high-quality internet in Kenya. BII chief executive Nick O’Donohoe said that the financing is part of its drive to channel greater funding to, among others, help drive innovation and the digital economy. O’Donohoe was speaking at a function in…

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Kenya’s Green Housing Projects receive US$48m boost from UK

KENYA – The United Kingdom through its UK Climate Investments and FSD Africa Investments will inject Kshs 5.2 billion (£35 million) to develop Kenya’s affordable green housing projects. UK Climate Investments (UKCI), the British Government’s International Climate Finance flagship program, has committed KShs 4.4 billion (£30 million). FSD Africa Investments (FSDAi), the investment arm of Britain’s flagship financial sector development…

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Kenya grants British products 25-year free entry in trade pact

KENYA – British companies will get 25-year tax free period to ship goods to Kenya under the trade agreement signed by the two countries. The post-Brexit trade deal with the United Kingdom will, however, open the window for British companies to flood the Kenyan market with finished and unfinished goods that exclude agricultural and industrial products at the expiry of…

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Kenya to receive US$72.8m from UK for affordable housing scheme

KENYA – Th United Kingdom has pledged US$72.8 million to Kenya to fund the construction of affordable housing. UK Foreign Secretary, Dominic Raab said that the funding which will come in tranches, is part of the UK government’s support of President Uhuru Kenyatta’s vision of providing 100,000 affordable housing to Kenyans. Of this amount, US$9 million will be from the…

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E-health startup secures contract with United Kingdom’s National Health Services for its software

SOUTH AFRICA – Healthcent, e-health startup that is behind the Signapps messaging platform, has won a contract with the United Kingdom’s National Health Services (NHS) to provide its software as a service (SaaS) communication platform for the management of clinical communication to NHS Trusts. NHS Trusts will be able to procure Signapps’ services through a framework agreement which has a…

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Gridserve introduces electric forecourts to bolster uptake of electric vehicles in the UK

UNITED KINGDOM – Gridserve, UK’s leading provider of sustainable energy solutions, has said that the first of a nationwide network of over 100 Electric Forecourts®is now under construction. According to a Gridserve statement, the first electric forecourts would be ready before August and will offer customers ultra-fast, low-cost charging, with an outstanding customer experience. “We’ve designed our Electric Forecourts® entirely…

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Ghana to sign US$44m agreement with UK to upgrade Kumasi Airport

GHANA – British Prime Minister Boris Johnson and Ghana’s President Akufo-Addo are expected to sign a £40 million (about 44.44 million) agreement this week which will see the construction of a new terminal as part of the upgrade of the Kumasi Airport. The facility which forms part of a pre-financing agreement between the two countries will be disbursed after the…

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DIT, Asoko Deal Room to facilitate investments during the 2020 UK-Africa Investment Summit

UNITED KINGDOM —  The United Kingdom Department for International Trade (DIT) has partnered with Asoko Insight, Africa’s leading corporate data provider, to launch a digital Deal Room at the UK-Africa Investment Summit taking place in London on 20 January 2020. The digital DealRoom will take advantage of Asoko’s unique data acquisition model and unrivaled corporate database of over 100,000 private…

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Liquidation of Thomas Cook’s assets on high gear as EasyJet, Jet2.com buy slots in UK airports

UNITED KINGDOM – British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively. Thomas Cook’s UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets. The collapse of Thomas…

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