East Africa

Asset Financing Startup M-Kopa Raises Over $250m Debt and Equity

Jonathan N. LubwamaBanking & Financial ServicesBusiness & MarketsCompany NewsEast AfricaEntrepreneurshipTechnology & InnovationThe Big StoryMay 16, 2023May 16, 2023

African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…

Kenyatta Commissions Kisumu Railway Station, expresses optimism on reduced cost of travelling

CEO ReporterEast AfricaNews & AnalysisAugust 2, 2022August 2, 2022

Kenyan President Uhuru Kenyatta on Monday commissioned the Kisumu Railway Station, expressing optimism that the rail transport will boost Kisumu’s status as an economic hub in the western region. Kenyatta…

Come and start operations in South Sudan, Centenary Group implored 

CEO ReporterCompany NewsEast AfricaNews & AnalysisJuly 20, 2022July 20, 2022

Centenary Group, owners Uganda’s oldest and largest indigenous financial entity, Centenary Bank, received incredible appeals from over 200 business leaders at the ongoing South Sudan – Uganda Business Forum to…

African Development Bank approves $150 million for Nairobi-Nakuru-Mau Summit Highway Project

CEO ReporterEast AfricaNews & AnalysisJuly 19, 2022July 19, 2022

The African Development Bank Group Board of Directors has approved financing of $150 million to Kenya to support a major highway development project under the government’s First Mover Public-Private Partnership…

South Sudan: African Development Bank grants $8.1 million to support food production

CEO ReporterEast AfricaNews & AnalysisJuly 19, 2022July 19, 2022

The Board of Directors of the African Development Bank Group has approved a grant of $8.1 million to South Sudan to fund its Emergency Food Production Programme. Allocated through the…

Kenyatta opens new Trade and Development Bank tower

CEO ReporterEast AfricaNews & AnalysisJune 8, 2022June 8, 2022

Kenyan president Uhuru Kenyatta has opened the new permanent premises of the Trade and Development Bank. The magnificent 20-floor tower, located in Nairobi’s Kilimani area, will serve as the bank’s…

Pan-African Social Enterprise Ubongo appoints Mwasi Wilmore as its new CEO

CEO ReporterEast AfricaNews & AnalysisApril 25, 2022April 25, 2022

Pan-African, non-profit social enterprise Ubongo has appointed Mwasi Wilmore as its new CEO The enterprise aims at significantly improving school readiness and learning outcomes and promoting social and behavioral change…

BREAKING: Kenya’s former president Mwai Kibaki dead

CEO ReporterEast AfricaNews & AnalysisApril 22, 2022April 22, 2022

Former Kenyan president Mwai Kibaki is dead. His death has been confirmed by President Uhuru Kenyatta a few moments ago, who has also ordered the Kenyan flag to be flown…

Kenya, DR Congo Sign Bilateral Agreement on Cooperation in Agriculture

CEO ReporterEast AfricaNews & AnalysisApril 9, 2022April 9, 2022

Kenya and DR Congo yesterday signed a bilateral agreement on cooperation in agriculture, livestock and fisheries sectors. The objectives of the agreement include promoting increased agricultural productivity in Kenya and…

President Samia Suluhu Hassan Meets Amb. Richard Kabonero, Hails Uganda-Tanzania Bilateral Relations

CEO ReporterEast AfricaNews & AnalysisMarch 31, 2022March 31, 2022

Tanzanian President Samia Suluhu Hassan, met Amb. Richard Kabonero, Uganda’s High Commissioner on Tuesday 29th March 2022 at the State House Chamwino, Dodoma, to bid him farewell following the completion…