Business

 Ethiopia has launched the Fayda wallet, a solution designed towards enhancing financial inclusion and streamlining digital transactions. This wallet, co-developed by TECH5 and Visa is designed to address the need for verified eKYC (electronic Know Your Customer) services in both the private and public sectors. The wallet has been introduced in Ethiopia by the National
The post TECH5, Visa partner with Ethiopia to launch Fayda Wallet, powering Digital ID & payments appeared first on HapaKenya. Read More

 CIC Group and Women’s World Banking have partnered in a bid to develop inclusive women-centric insurance solutions. The two organizations will collaborate in research, product development, innovation of aggregation models for distribution, enhance insurance literacy and increase resilience and for Kenyan women MSMEs. Speaking during the partnership signing ceremony at CIC Group headquarters in Nairobi,
The post CIC Group & Women’s World Banking to develop insurance products for Kenyan women appeared first on HapaKenya. Read More

 The 10th Propak East Africa Expo will conclude today with an emphasis on the need for accelerating the adoption of eco-packaging. This would be done through increased collaboration among stakeholders in the packaging, printing, processing, and plastics industries. The expo, which hosted over 150 exhibitors from 35 countries, highlighted both the advancements and persistent challenges
The post Propak East Africa calls for urgent collaboration to accelerate eco-packaging adoption appeared first on HapaKenya. Read More

 Diamond Trust Bank (DTB) has partnered with Safaricom to offer loans to SMEs that use Lipa na M-PESA to accept payments. The new product is called Taasi Till Loans and it will enable merchants with Safaricom till numbers to access business loans. Taasi Till is a business loan that offers short-term loans that range between
The post DTB & Safaricom are offering loans of up to Ksh. 250K to SMEs that use Lipa na M-PESA appeared first on HapaKenya. Read More

 Housing Principal Secretary Charles Hinga has announced that new homeowners in Mukuru slums, who recently received house keys from President William Ruto, will be issued sectional title deeds. Speaking a day after Ruto launched the first batch of social housing units under the Kenya Kwanza administration, Hinga described the initiative as a transformative project that
Piped gas and WiFi: Inside Mukuru houses handed over by Ruto first appeared on Bizna Kenya Read More

 ARC Ride has today announced it has secured $5 million in financing from British International Investment (BII), the UK’s development finance institution and impact investor. This investment is set to provide e-mobility solutions for Kenya’s cities, marking a boost to the nation’s electric vehicle (EV) adoption efforts. The funding will enable ARC Ride’s initial rollout
The post ARC Ride to roll out 5,000 electric bob-bodas, standardize battery swapping with BII Funding appeared first on HapaKenya. Read More

 The African Export-Import Bank (Afreximbank) has released its consolidated financial statements for the first quarter of 2025, revealing a strong performance. Afreximbank Group recorded a net income of US$215 million, marking a 21% year-on-year increase from US$178 million in the previous period. This growth was driven by a 4.53% rise in net interest income to
The post Afreximbank net income jumps 21% to US$215 Million in strong Q1 2025 appeared first on HapaKenya. Read More

 NCBA Group has announced a profit after tax of Ksh. 5.5 billion for the first quarter of 2025. This represents a 3% increase from the Ksh. 5.3 billion reported during the same period last year. The rise in profitability was driven by a rise in digital loan disbursements, which rose 32%  year-on-year to Ksh. 307
The post NCBA Group Q1 2025 profit after tax rises 3% to Ksh. 5.5B, driven by digital loans appeared first on HapaKenya. Read More

 The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully completed a $325 million debt raise. The new funding brings EAAIF’s total recent capital raises to $620 million. The new financing round saw strong participation from a global consortium of public and private investors.
The post EAAIF receives $325M to turbocharge emerging market infrastructure investments appeared first on HapaKenya. Read More

 Africa’s intergovernmental ICT policy body, the African Telecommunications Union (ATU), and The Metaverse Institute have signed a Memorandum of Understanding (MoU) at ATU’s headquarters in Nairobi. The strategic partnership commits both organizations to establish an African governance and adoption framework for the metaverse, an integrative ecosystem of virtual worlds offering immersive experiences to users, that
The post ATU & Metaverse Institute partner for Metaverse Governance appeared first on HapaKenya. Read More