Author: Muindi

The fourth edition of Safaricom Chapa Dimba is set to kick off on July 8th in the Western region, with defending champions Blue Saints and Bishop Njenga Girls among the teams competing. The tournament, which returns after a three-year break, has drawn 441 teams from the Western region, an increase from the previous session. Kakamega has registered the highest number of teams with 162, followed by Bungoma (152), Busia (64), and Vihiga (63), respectively. Safaricom CEO Peter Ndegwa expressed delight at the high number of registrations and anticipates a bigger and better tournament. Key teams include defending champions Blue Saints…

Standard Chartered Kenya, in partnership with @iBizAfrica- Strathmore University, has announced fifteen women-led startups joining the 2023 sixth cohort of their Women in Tech program.  The twelve-week business incubation training program will culminate in seven Kenyan women-led businesses receiving USD 10,000 each in funding to grow their businesses.  Standard Chartered Women in Tech (WiT) supports female-led entrepreneurial teams with business management training, mentoring, and seed funding. This year’s top 15 teams were selected from a pool of over 250 startups that applied for the program from different sectors, such as agritech, fintech, healthcare, mobility tech, disability tech, and construction.  This…

The Kenyan Government has secured a USD 500 million Syndicated Medium-Term Loan Facility to finance development projects in the 2023/4 budget. The loan, with a tenure of 3 and 5 years, was facilitated by Citibank, Rand Merchant Bank (RMB), The Standard Bank of South Africa, and Standard Chartered Bank, who were appointed as Bookrunners and Initial Mandated Lead Arrangers. The Africa Export-Import Bank also joined as a Bookrunner and Mandated Lead Arranger, directing its contributions towards the longer-term tranche. The National Treasury will channel the proceeds to support the implementation of development projects outlined in the approved development budget for…

Gava Mkononi is an online platform that allows Kenyan citizens and businesses to access over 5,000 government services. Equity Bank has made these services more accessible by enabling seamless eCitizen payments through its platforms, making online payments more convenient and efficient in today’s digital age. Equity Bank, a leading financial institution, has brought these services closer to you by enabling seamless eCitizen payments through its platforms. In this article, we will walk you through how eCitizen payments work with Equity. Equity Bank offers several payment options for eCitizen payments, including Equity USSD (*247#), Equity Mobile App/Online, Equitel, Equity EazzyBizz (Corporates…

Kyosk Digital Services, a digital-first and data-led distribution platform, has announced its expansion into the African fresh produce market with the launch of its Farm & Fresh line of business. This follows Kyosk’s recent acquisition of KwikBasket, a prominent player in the agricultural industry. “This acquisition marks a major milestone for Kyosk as we broaden our footprint in the fresh produce market in Africa and enhance our offering to cater to the needs of farmers, retailers, kitchens, eateries, and other consumers,” Raphael Afaedor, Co-Founder and CEO of Kyosk Digital Services said Tuesday. “This expansion presents a unique opportunity for Kyosk…

Shorecap III, LP, a private equity fund registered under the laws of Mauritius, with Equator Capital Partners LLC as the manager of the fund, has completed the acquisition of 20 per cent of Credit Bank Kenya. The Central Bank of Kenya (CBK) announced the deal in early June, and it carried effect on June 15, 2023. This followed a CBK’s approval on April 24, 2023, under Section 13(4) of the Banking Act and approval by the Cabinet Secretary for the National Treasury and Planning. The Competition Authority of Kenya in a no objection had qualified the deal “as a merger…