Tala is cutting up to 10 percent of its Kenya workforce as part of a global reorganisation, a move that could remove between 90 and 100 positions from one of the US fintech’s most established markets. The announcement marks the second round of job cuts in just over a year. In April 2025, Tala declared 28 positions redundant, mainly in its customer service and collections department, representing about 3 percent of its Kenya workforce. This latest round goes further and targets a different driver: not a drop in customer queries, but a deliberate shift in how Tala organises itself globally.…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
d.light has crossed Sh130 billion in cumulative purchasing capacity after African Frontier Capital closed a Sh6.5 billion public Green Bond, marking the first time the off-grid solar sector has raised capital through public bond markets using a PAYGo receivables securitization structure. The bond will list on the London Stock Exchange’s International Securities Market, placing d.light alongside a global exchange that has steadily become a destination for African green finance issuers who lack deep domestic capital markets but need access to international institutional investors. Six years in the making The $50 million bond is less a single transaction and more the…
African electric mobility company Spiro has closed an additional $55 million investment from NewTrails Capital, a Chinese growth stage fund. The new commitment pushes Spiro’s latest funding round to $270 million, just days after the company announced the round’s first close. For an industry still proving itself to global capital, that timing matters. It tells investors Spiro did not need to chase this money. The money came looking for Spiro. Gagan Gupta, the company’s founder, called the investment a signal rather than a transaction. “This is more than capital,” he said. “It is momentum building between Asia and Africa: Chinese…
Kenya signed the long-awaited Samurai bond on June 22, 2026, bringing JPY 25 billion — about KSh22.1 billion — into the country through a structured deal with Japan backed by Nippon Export and Investment Insurance (NEXI). The signing took place at State House, Nairobi, and marks a concrete step in Kenya’s push to diversify its funding sources and reduce dependence on costly dollar-denominated debt. President William Ruto described the moment as the opening of a new chapter. “Today, Kenya and Japan open a new chapter in a friendship built over decades as we strengthen our strategic partnership through new commitments…
Kenya has laid out how it intends to pay for the long delayed overhaul of Jomo Kenyatta International Airport, blending debt, airport revenue and a new state fund to cover a project the government caps at 154.2 billion shillings. The Ministry of Roads and Transport says roughly 70 percent of that figure, about 107 billion shillings, will come from debt financing. The remaining 30 percent will be raised through airport generated revenue and equity contributions, including a likely stake from the recently created National Infrastructure Fund. The government has appointed the Trade Development Bank and the Africa Finance Corporation as…
The Trustee of the TRIFIC Green USD I-REIT announced results for the Unrestricted Offer, reporting a subscription rate of 103.3 percent. Investors applied for USD 30,815,000 against USD 29,832,000 available, pushing demand past the offer size. The REIT priced units at USD 1.00 each. NCBA Bank Kenya Plc acts as Trustee, and Two Rivers Land Company (SEZ) Ltd serves as Promoter. Offer Results at a Glance Metric Figure Offer price per unit USD 1.00 Amount available for subscription USD 29,832,000 Amount raised USD 30,815,000 Subscription rate 103.3% New units applied for 30,815,000 Minimum aggregate subscription required USD 20,500,000 / 20,500,000…