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 CLASP and the Global Energy Alliance for People and Planet (GEAPP) have announced a $6.1 million expansion of the Productive Use Financing Facility (PUFF), a catalytic initiative that increases access to energy-efficient and income-generating appliances across Africa. PUFF supports growing businesses, farmers, and communities in Nigeria, Ethiopia and Kenya, to acquire up to 10,000 income-generating
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 The recently presented 2025/26 national budget has drawn attention for its potential to influence household finances in Kenya. In a recent interview, Moses Muthui, Director of Consumer Banking at Absa Bank Kenya, offered insights into how budget measures could directly benefit everyday consumers, and how banks can enable that transition. Kenya’s informal economy remains the
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 Mastercard and enza have announced a partnership to connect fintech companies across Africa to the Mastercard network. The collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. Fintech companies in Africa will now be able to easily access the full
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 Visa has announced that it has appointed Tareq Muhmood as the Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa’s Value-Added Services business. In his new role, he will be responsible for leading operations across more than 86 innovative and
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 Consumers are increasingly prioritizing sustainability in their purchasing decisions. This has therefore fostered the need for new operational and practices that support sustainability in manufacturing. According to PwC 2024 Voice of the Consumer Survey, consumers are willing to spend an average of 9.7% more on sustainably produced or sourced goods, even as cost-of-living and inflationary
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 Yellow Card has partnered with Visa to drive the cross-border payments and financial infrastructure across emerging markets where Yellow Card is licensed to operate. Through this partnership, Visa and Yellow Card will collaborate to explore stablecoin use cases and opportunities to help streamline treasury operations, enhance liquidity management, and enable faster, more cost-effective money movement
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 Amazon Web Services (AWS) has opened applications for the third cohort of the AWS Generative AI Accelerator (GAIA). It is an eight-week program designed to scale early-stage startups building foundational generative AI technologies. Forty startups from around the world will be selected for this year’s program, which kicks off on October 13, 2025, at Amazon
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 Italy has committed to reviving the leather and tanning industry in Kenya and across the wider East and Central African region. This will be done Equity Group as the strategic financial partner. Speaking during a stakeholder meeting at Equity Centre in Nairobi, the Italian Ambassador to Kenya, Roberto Natali stated that this agreement marks a
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