HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest’s Transform Health Fund to build a large-scale plant capable of producing oxygen at 99.6% purity. The investment represents a critical step toward addressing East Africa’s medical oxygen crisis, which has contributed to preventable deaths across the region for decades. Founded in 2014 […]

Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural schools, clinics, and offices. Funded by the World Bank, the project ensures a transparent bidding process and reliable payments for the selected contractors. Bids are due by October 1, 2025, with the project’s construction phase […]

Executive Summary Leading global investment firm 500 Global has joined forces with the United Nations Development Programme to establish a comprehensive three-pronged entrepreneurship initiative in Nairobi, marking a significant expansion of support for Africa’s startup landscape. The partnership introduces a structured approach to startup development through three distinct programs, each targeting entrepreneurs at different stages […]

The Central Bank of Kenya (CBK) has announced a KSh 50 billion tap sale of two infrastructure bonds after last week’s record oversubscription showed strong investor appetite for tax-free government securities. The sale, running from August 19 to August 21, 2025, will reopen the fifteen-year IFB1/2018/015 and nineteen-year IFB1/2022/019, which had attracted bids worth KSh […]