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Shelter Afrique closes FCFA60bn housing bond
Shelter Afrique Development Bank (ShafDB) has closed a FCFA60 billion sustainable bond in the West African Economic and Monetary Union (WAEMU) regional market to finance affordable and sustainable housing across its eight member countries. The bank said the proceeds from its first local-currency sustainable bond issuance will be dedicated exclusively to housing projects across the…
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Shelter Afrique closes FCFA60bn housing bond
Shelter Afrique Development Bank (ShafDB) has closed a FCFA60 billion sustainable bond in the West African Economic and Monetary Union (WAEMU) regional market to finance affordable and sustainable housing across its eight member countries. The bank said the proceeds from its first local-currency sustainable bond issuance will be dedicated exclusively to housing projects across the…
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Ecobank invests Sh1 million in digital learning at Thika school
Ecobank Kenya has invested Sh1 million in digital learning infrastructure at Thamuru Primary School in Thika, providing 25 desktop computers and refurbished laboratory facilities expected to benefit more than 300 learners. The investment, announced on November 10, 2026, also includes textbooks and stationery to improve the learning environment. The initiative was undertaken as part of…
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Cassava Technologies to resell Claude AI models in Africa
Cassava Technologies has become an authorised reseller of Anthropic’s Claude artificial intelligence models through Amazon Bedrock, adding another route for African organisations to access the technology. The agreement will allow Cassava to offer businesses access to Claude’s capabilities, including advanced reasoning, image analysis, code generation and multilingual processing. The announcement does not specify which African…
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Spiro and ESP launch programme to support 5,000 women in e-mobility
Spiro and Entrepreneurial Solutions Partners (ESP) have launched a programme in Rwanda to help women enter the electric mobility sector through motorcycle training, financing and business support. The Women in E-Mobility programme began in October 2026 with 50 women starting training under a pilot targeting 500 participants in Rwanda. The partners aim to support 5,000…
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Safaricom Launches 15th Sustainable Business Report, Reports Sh1.25 Trillion in Value Created for Kenya
Safaricom launched its 15th Sustainable Business Report at the Michael Joseph Centre in Nairobi on Tuesday, under the theme “Rooted in Impact, Connecting the Future,” reporting Sh1.25 trillion in value created for Kenyan society in the year to March 2026, a 10% increase from the previous year. Group CEO Peter Ndegwa said the report reflects…
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Victoria Commercial Bank marks 40 years in Kenya
Victoria Commercial Bank has marked 40 years in Kenya’s banking sector, tracing its journey from a poverty reduction initiative in the Lake Victoria Basin to a lender with Sh70 billion in assets and a growing focus on digital banking. The bank launched its anniversary celebrations with Voices of Unity, an interfaith musical programme and thanksgiving…
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Kenya’s Milk Crisis Exposes Deeper Weaknesses in Dairy Production
Falling processor deliveries are putting pressure on milk supplies as experts call for better fodder planning, farm management and investment in productivity Kenya’s worsening milk shortage is exposing deeper structural challenges in the country’s dairy sector, with experts warning that declining production cannot be blamed on weather conditions alone. Milk deliveries to processors have continued…
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Africa Capital Week adopts Nairobi Declaration on capital markets
Africa’s capital markets agenda has taken a step towards greater integration after more than 500 delegates from 16 African countries and beyond adopted the Nairobi Declaration for Deepening Africa’s Capital Markets during the inaugural Africa Capital Week 2026 in Nairobi. The declaration seeks to accelerate cross-border investment and strengthen Africa’s ability to mobilise and deploy…
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Africa’s Business Heroes Names Twenty Entrepreneurs for Semi-finals
Twenty entrepreneurs from across Africa have been selected to compete in the semi-final stage of the 2026 Africa’s Business Heroes (ABH) Prize Competition, set to take place in Nairobi on August 21 and 22. The entrepreneurs emerged from a pool of more than 24,000 applicants drawn from all 54 African countries, underscoring the growing interest…
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ShafDB sustainable finance framework meets global bond standards
Shelter Afrique Development Bank’s Sustainable Finance Framework has received confirmation from S&P Global Ratings that it aligns with international standards for green, social and sustainability bonds. The confirmation covers the International Capital Market Association’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. S&P Global Ratings has also published the framework alongside its corresponding…
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Samuel Chege Wins Sixth Leg of PGK Equator Tour
Safaricom-sponsored golfer Samuel Chege strengthened his grip on the PGK Equator Tour after winning the sixth leg at Nakuru Golf Club with a four-round score of 280, 12 under par. Chege beat a competitive field of 49 professionals to claim his second title of the second edition of the tour, following his victory at the…
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Britam launches investment fund targeting Kenyan children
Kenyan parents are being encouraged to start investing for their children earlier as Britam Asset Managers launches a new investment account designed to give young people a longer runway to build wealth. The new product, KidNest, allows parents and guardians to begin investing for their children with contributions from as little as Sh1,000. The funds…
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World Bank questions Kenya infrastructure fund
The World Bank has cautioned that Kenya’s newly established National Infrastructure Fund will only provide temporary fiscal relief unless it is backed by broader reforms to strengthen public finances and improve government spending. In its latest Kenya Economic Outlook, the lender says the fund could help ease pressure on the country’s budget in the short…
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Kenya seeks Sh129.2bn in climate-linked financing
Kenya plans to raise Sh129.2 billion through sustainability-linked loans and bonds over the next two years as it seeks cheaper financing tied to environmental and development targets. The National Treasury aims to secure the financing in two equal tranches of Sh64.6 billion each, beginning with a syndicated sustainability-linked commercial loan expected before the end of…
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Kenyan banks post Sh111.8bn four-month profit
Kenya’s commercial banks posted a combined pre-tax profit of Sh111.8 billion in the four months to April, reflecting stronger lending, wider interest margins and improving asset quality despite a challenging economic environment. The latest industry data shows the sector’s earnings increased by 13.8 percent from Sh98.2 billion recorded during the same period last year. The…
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How The Hub Karen redefined the shopping experience
Shopping malls have increasingly evolved beyond retail spaces as consumers seek experiences that combine shopping, dining, entertainment and relaxation in one location. For The Hub Karen, building a sense of community has been at the heart of that transformation over the last decade. As the mall celebrates its 10th anniversary, its management says the journey…
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ATIDI Profit Jumps 20% as Ruto Backs Finance Reforms
The African Trade and Investment Development Insurance (ATIDI) reported a 20% increase in profit for 2025 as African leaders renewed calls for stronger continental financial institutions to drive development and reduce dependence on external financing. Speaking during ATIDI’s 26th Annual General Meeting in Nairobi, President William Ruto urged African countries to strengthen homegrown financial institutions…
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KCB Launches Shariah-compliant Payment Card
KCB Bank has launched a Shariah-compliant payment card and agency banking service under its Sahl Banking proposition, expanding access to Islamic banking products in Kenya. Developed in partnership with Mastercard, the Sahl Card enables customers to make everyday payments while adhering to Islamic finance principles. The bank also introduced the Sahl Agency banking network, allowing…
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Kilifi Launches Digital Theatre for Tele-surgery
Kilifi County Referral Hospital has launched a Digital Operating Room that will use tele-surgery technology to improve emergency maternal and neonatal care, reducing the need for patient referrals and expanding access to specialist surgical expertise. The facility was established through a partnership between the M-Pesa Foundation and Proximie under the Uzazi Salama Programme. The technology…
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Kenya Enforces 5% Penalty and Daily Interest for Delayed Gambling Payouts
Kenya’s gambling operators now face financial penalties for failing to pay winners within 14 days, under regulations that took effect on 1 July as the government tightens financial, technical and consumer safeguards under the Gambling Control Act, 2025. A licensee that misses the deadline must pay the Gambling Regulatory Authority a penalty equal to 5%…
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