Nairobi-based Peach Tech, the innovative force behind Peach Cars, a digital marketplace revolutionising used car transactions in Africa, has raised $11 million in a Series A funding round. Led by Suzuki Global Ventures (SGV), the venture arm of Suzuki Motor Corporation, the round signals strong confidence in Peach’s mission to build trusted infrastructure for car ownership across the continent. Strategic Global Backing Fuels Expansion The funding round attracted a powerful consortium of investors, including Japan Bank for International Cooperation (JBIC), The Gogin Capital Co., Ltd., and returning investor UTEC (The University of Tokyo Edge Capital Partners), which made a super…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The Capital Markets Authority (CMA) has indefinitely suspended trading in the shares of TransCentury Limited (TCL) and its subsidiary, East African Cables, to protect investors. This follows Equity Bank’s seizure of both companies last week over an unpaid debt of KSh 4.74 billion. “Notice is hereby given of the suspension in trading of TransCentury PLC and East African Cables PLC shares, following the placement of TransCentury PLC under receivership and East African Cables PLC under administration, with the appointment of George Weru and Muniu Thoithi of PricewaterhouseCoopers Limited as joint receivers and managers, effective 20 June 2025,” the CMA stated…
Kenyans in the diaspora sent a record-breaking $440.1 million (Sh56.9 billion) home in May 2025, marking the highest monthly remittance figure for the year, according to the Central Bank of Kenya (CBK). This surpassed the previous peak of $427.4 million (Sh55.2 billion) in January 2025. Key Remittance Trends Monthly Growth: May’s inflows increased by 4.1% from April’s $422.9 million (Sh54.7 billion). Annual Surge: For the 12 months ending May 2025, remittances totalled $5.03 billion (Sh650.6 billion), up 11.6% from $4.51 billion (Sh583 billion) same period of 2024. The United States accounted for 57% of May 2025 remittances, per CBK data.…
Beginning June 21, Qhala and a coalition of partners are launching a week-long initiative to embed artificial intelligence (AI) in education systems across Kenya and select African countries. The event, Africa AI Week 2025, will run from June 21 to 28 and feature teacher training sessions in Nairobi, Nakuru, Kilifi, Kisumu, and Mt. Kenya, as well as in Zambia, Senegal, Togo, and online. This year’s theme, “AI in My Language, My Classroom, My Future,” underscores a movement to democratize AI literacy at every level of Africa’s education ecosystem. The initiative aims to build long-term capacity and embed responsible, African-led AI education directly…
The Energy and Petroleum Regulatory Authority (Epra) has revised fuel prices in Kenya upwards, effective from 15 June 2025 to 14 July 2025. The maximum price for Super Petrol increased by Ksh 2.69 per litre to Ksh 177.32, while Diesel and Kerosene prices decreased by Ksh 1.95 and Ksh 2.06 per litre, respectively, to Ksh 162.91 and Ksh 146.93 per litre. Landed Cost Trends The average landed cost per cubic metre for Super Petrol rose slightly by 0.35% from USD 588.16 in April 2025 to USD 590.24 in May 2025. In contrast, the landed costs for diesel and kerosene declined…
This June, Spotify’s EQUAL Africa program celebrates Njerae, a Kenyan artist whose music blends vulnerability with conviction, offering listeners a soulful, refreshing escape. More than just melodies, her songs are a powerful form of release and healing, born from navigating personal silence amidst social noise. From Quiet Rebellion to Public Gift Njerae’s musical journey began in quiet rebellion. Naturally introverted, she turned to writing to process the world around her. It started with poetry following a national tragedy, evolving into music as she picked up the guitar and gave voice to emotions she couldn’t otherwise express. What began as a…