In a significant boost to Africa’s electric mobility transformation, French sustainable investment firm Mirova has committed $10 million in senior debt financing to ARC Ride, Kenya’s pioneering electric mobility company that operates the continent’s first and largest automated battery swapping network. This landmark investment represents the Mirova Gigaton Fund’s first foray into electric vehicles in […]

United Bank for Africa (UBA) Kenya has signed a transformative Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) under the Investing in Young Businesses in Africa – Supporting Entrepreneurial Ecosystem Development (IYBA-SEED) programme, marking a significant milestone in Kenya’s drive toward inclusive SME financing and sustainable economic transformation. The partnership represents a […]

The revival of Rai Pan Paper, formerly the iconic Pan African Paper Mills, has entered a critical phase as management intensifies stakeholder engagement to address community concerns and demonstrate renewed commitment to restoring Webuye as a thriving industrial center in western Kenya. The ambitious revival effort represents more than just a business turnaround—it symbolizes hope […]

Kenya has taken a decisive step toward becoming Africa’s premier industrial powerhouse with the launch of an ambitious $800 million financing framework designed to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County, marking a transformative moment for the country’s manufacturing and export capabilities. The groundbreaking partnership between East Africa’s largest commercial bank, KCB […]