Kenya, China Sign Sh63bn Business Deals for ICT, Pharmaceutical, Engineering

Kenya and China have signed business deals worth Sh63 billion covering an array of sectors including ICT, pharmaceuticals as well as engineering. The signing was done during the Kenya-China investment forum hosted by President William Ruto on the sidelines of the Third Belt and Road Forum in Beijing, China.

Original article link: https://www.capitalfm.co.ke/news/2023/10/kenya-china-sign-sh63bn-business-deals-for-ict-pharmaceutical-engineering/?utm_source=rss&utm_medium=rss&utm_campaign=kenya-china-sign-sh63bn-business-deals-for-ict-pharmaceutical-engineering


Dubai-based luxury travel firm Miftah enters Kenya

Dubai-based luxury travel service provider Miftah Concierge has launched operations in Kenya as a springboard for Africa expansion. Miftah will inject an initial capital investment of $2 million (Sh299.2 million) as it lays the ground for expansion outside Kenya. On her part, founder Nkwe noted that Africa was opening a new dimension of limitless lifestyle to luxury clients by becoming a focal point for investment, climate action as well as natural resources, adding that Miftah will offer clients unparalleled opportunities for both leisure and investment.

Original article link: https://www.businessdailyafrica.com/bd/corporate/companies/dubai-based-luxury-travel-firm-miftah-enters-kenya--4404522


Carrefour opens new store in Nairobi CBD

The retail franchise, owned by Dubai-based Majid Al Futtaim, now has 21 stores, 17 of which are in Nairobi while Kisumu and Mombasa host two stores each. “The opening of the new store is a testament to Majid Al Futtaim’s commitment to expanding its presence in the country and investing in the local economy,” said Carrefour Regional Director for East Africa, Christophe Orcet.

Original article link: https://www.the-star.co.ke/business/kenya/2023-10-04-carrefour-opens-new-store-in-nairobi-cbd/


Kenyan youth to benefit from over 300,000 jobs in Google, Intel, Apple

Kenyan youth are poised to benefit from over 300,000 jobs in global tech giants Google, Intel, and Apple, following successful negotiations between the Kenyan government and the companies. President William Ruto, who made the announcement during a church service in Nairobi's Langata area on Sunday, said the government is committed to creating digital opportunities for the youth by constructing ICT hubs in every ward across the country.

Original article link: https://africa.businessinsider.com/local/careers/kenyan-youth-to-benefit-from-over-300000-jobs-in-google-intel-apple/l4mhqfh


Kenya: Airtel to add an additional 349 network sites

“We are committed to providing our customers with a network that reaches every corner of Kenya,” said Mr. Olusegun Ogunsanya, Group CEO of Airtel Africa. “Our network expansion efforts are driven by the goal of delivering an exceptional data experience to all our customers, regardless of their location. We are constantly investing in new technologies and innovations to enhance connectivity, improve service quality, and deliver on our promise of seamless communication”.

Original article link: https://africabusinesscommunities.com/tech/tech-news/kenya-airtel-to-add-an-additional-349-network-sites/


Kenya’s Fingo partners Ecobank to launch financial services app

Kenyan startup Fingo has partnered Ecobank to launch a new app aimed at powering financial inclusion across Africa. Fingo, which took part in Y Combinator in 2021, empowers Africa’s youth by enabling them to open a bank account via their mobile phone in less than four minutes, send money to other Fingo users for free, and to M-Pesa users and paybills via Paybills and Till numbers at subsidised rates.

Original article link: https://disrupt-africa.com/2023/05/09/kenyas-fingo-partners-ecobank-to-launch-financial-services-app/?utm_source=rss&utm_medium=rss&utm_campaign=kenyas-fingo-partners-ecobank-to-launch-financial-services-app


US-Kenya announce $55 mn co-investments in apparel sector at roadshow

US Government’s Prosper Africa initiative and the US embassy in Kenya kicked off the 2023 US-Kenya Business Roadshow in New York City, which convened leading businesses and investors along with a delegation of Kenyan government officials. As part of the US’ commitment to strengthening economic partnership with Kenya, ambassador Meg Whitman announced six new Prosper Africa co-investments with Kenyan and American apparel companies, worth $55 million.

Original article link:https://www.fibre2fashion.com/news/apparel-announcement-news/us-kenya-announce-55-mn-co-investments-in-apparel-sector-at-roadshow-287284-newsdetails.htm


Kenyan agri-tech startup iProcure expands to Tanzania

Kenya’s iProcure, a leading data-driven agricultural input supply company, has announced its expansion into Tanzania through its partnership with the Farm to Market Alliance (FtMA).
Launched in 2013, iProcure has developed its own distribution infrastructure, connecting major agricultural input suppliers directly to local agro-dealers via its proprietary distribution technology system.

Original article link: https://disrupt-africa.com/2023/05/19/kenyan-agri-tech-startup-iprocure-expands-to-tanzania/


Kenya's Safaricom partners with Huawei to launch 5G network

Kenya's mobile service provider Safaricom said that it has partnered with Chinese technology firm Huawei to commercially launch the 5G network in the east African nation.

Orginal Article Link: https://www.africaleader.com/news/272995286/kenyas-safaricom-partners-with-huawei-to-launch-5g-network


Kenya to expand trade ties with UAE

"The two nations have agreed to fast-track trade agreements and set up a joint panel to explore investment partnerships in oil and gas, technology transfer, agriculture, healthcare as well as development of Special Economic Zones”

Orginal Article Link: https://www.zawya.com/en/economy/gcc/kenya-to-expand-trade-ties-with-uae-fq1q271n