Kenya is the world’s leading exporter of black tea and cut flowers, and with perishable and agricultural exports accounting for more than US$ 1.8 billion in trade in 2021
Author: Korir Issa
Korir Issa
IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.
Equity Virtual Assistant (EVA) chatbot is Equity’s latest addition to self-service digital banking
The Central bank of Kenya (CBK) raised Ksh 17 billion from the KSh10 billion target Tap Sale on the May bonds. The bond sales received investor bids totalling Ksh.17 billion with the CBK accepting the entire amounts offered. Investors accepted returns of 13.49 per cent for the new 10-year paper on offer and 13.976 per cent for the re-opened 25-year issue. Initially, the government sought to raise Kshs 60.0 billion for budgetary support, and received bids worth Kshs 43.1 billion and accepted bids worth Kshs 31.7 billion, translating to a 73.6 per cent acceptance rate. However, the total amount received…
If it’s Personal Loans, Credit Card, Mortgage or Business Loans, #ItsTimeForLegitDeals.
Twiga Foods, a Kenyan tech-enabled food distribution platform is investing $10 Million into a new subsidiary that is focused on modern and commercial farming. Through Twiga Fresh, it looks to scale efficient production of domestic horticultural staples like onions, tomatoes and watermelons making it one of the largest single horticultural farms in Africa, focused purely on the domestic market. Twiga Fresh will be funded through debt in partnership with Development Financial Institutions, focused on primary agriculture and food security. “The commodity-driven volatility in the world today is causing an unprecedented level of food inflation across the world. In Africa, we…
TopUp Mama, a Kenyan startup which provides African restaurants with access to supplies, financial services and business management tools, has closed a US$1.7 million seed funding. This seed round was led by Ventures Platform, JAM Fund, Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa and DFS Lab. The funds will be used by TopUp Mama to accelerate growth, build out the technology, and scale its sales management tools for restaurants. “I grew up in the restaurant business in Zambia, and I know first-hand the power small businesses have in transforming lives. This is why we’re passionate about increasing restaurant…