Category: Business

EV Manufactuer Looking to Raise $1 Billion in Capital from African Market

MaryAnne Musilo

  The African pioneer of Artificial Intelligence and green revolution Agilitee Limited is raising about $2 billion as part of its Johannesburg initial public offering (IPO). The Company will raise $500 million in Africa, $500 million between UAE, UK, Europe and Asia. It has also been approached by a US based institutional investor who is promising $1 billion for 5% equity in Agilitee. This is a Pre-IPO capital raising as the company decided to start the capital raising while its advisors are still working on the prospectus. The company is…

Strathmore University and Adrian Kenya Collaborate to Enhance Capacity Building In Renewable Energy Solutions

Michelle Anzaya

Strathmore University, through its Energy Research Centre, and Adrian Kenya have today signed a Memorandum of Understanding (MoU) with the aim of enhancing capacity building in the areas of Solar Energy Certification, strengthening leadership capabilities, and provision of expert services in renewable energy solutions. Senior management members from both institutions were present, led by Prof. Izael Da Silva, Strathmore University’s Deputy Vice Chancellor for Research and Innovation, and Mr. Benard W. Njoroge, Adrian Group’s Group Managing Director. Adrian Kenya is leading in the development of solar PV solutions in East…

Ecobank Kenya Launches Ellevate Programme To Empower Women-Led Businesses

Michelle Anzaya

Ecobank Kenya Limited,  has launched its flagship Women’s Programme ‘Ellevate’ to empower and support women-led and women focused with the financial and value-added solutions that will help their businesses reach their full potential and succeed. Small and medium-sized enterprises (SMEs) account for about 90% of all businesses in Africa and women own about a third of all registered African SMEs. Indeed, one-in-four (25.9%) of adult women in Africa start or manage a business. However, women have not enjoyed equal access to high quality, demand driven financial services and it is…

Dimension Data’s Parent Company, NTT Unveils Sustainability as a Service to Help Organizations Achieve Net-Zero Goals

Michelle Anzaya

 Dimension Data’s parent company NTT Ltd. has announced its full-stack Net-Zero Action offering at this year’s Mobile World Congress (MWC) in Las Vegas, Nevada. This climate-focused solution leverages NTT’s vast infrastructure and services capabilities to help clients reduce the environmental impact of business activities. Climate initiatives are top of mind as organizations work to increase sustainability initiatives that will help them achieve net-zero goals and make data-driven decisions to reduce their carbon footprint. This innovative offering will help customers achieve better economic performance through enhanced climate action including measuring, monitoring, and reporting impact, proactively…

valU Partners with Heliopolis Sporting Club to Offer Payment Solutions for New Club Members

Michelle Anzaya

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it has successfully signed a partnership with Heliopolis Sporting Club to offer convenient and affordable financing and payment solutions on new memberships for Heliopolis Sporting Club El Shorouk City branch as well as club services. The partnership will see valU become Heliopolis Sporting Club’s BNPL platform of choice to support it in providing seamless financing solutions. This strategic partnership is testament to valU’s commitment to delivering on its vision of becoming a holistic financing powerhouse with progressive and convenient solutions…

Safaricom, NCBA and KCB Restructure Fuliza With Free Daily Fee

CEO AFRICA

Safaricom (NSE: SCOM), NCBA (NSE:NCBA) and KCB Bank Kenya (NSE:KCB) have today announced a restructuring of the popular Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee for the first three days for transactions of KSh. 1,000 and below. The move benefits more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit.   Customers that borrow above KES 1,000 will also enjoy 10 – 20% discount on their Daily Maintenance Fee.   The one-off Access fee, levied when customers access Fuliza remains unchanged at 1%, establishing Fuliza as the most accessible and affordable credit facility in the country.   The new discounted rates will be effective on October 1, 2022.   “In line with our purpose of transforming lives and in the spirit of Tuinuane, we have introduced a free daily maintenance fee period for Fuliza transactions of KSh.…

Style, Luxury and World Class Elegance at the 50th Edition of Concours d’Elegance

CEO AFRICA

Last Sunday was all pomp and colour as car lovers of all ages whittled away a relaxing afternoon at the Ngong Racecourse grounds at the 50th edition of Concours d’Elegance. Inspired by the extravagant Concours events in the United States and Europe, the event brought together rare and exotic automobiles, fashion and elegance from around the world to be judged by experts for their originality, historical provenance and quality of restoration. Enhancing the mood of showing up in time and in the tradition of historic Concours events, the exhibit of automobiles…

Safaricom, NCBA and KCB Restructure Fuliza With Free Daily Fee

Michelle Anzaya

Safaricom (NSE: SCOM), NCBA (NSE:NCBA) and KCB Bank Kenya (NSE:KCB) have today announced a restructuring of the popular Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee for the first three days for transactions of KSh. 1,000 and below. The move benefits more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit.   Customers that borrow above KES 1,000 will also enjoy 10 –20% discount on their Daily Maintenance Fee.  …

New Program By BrighterMonday and ICT Ministry to Employ 3000

CEO AFRICA

3000 youth are set to benefit from an internships and job placement program through a partnership between BrighterMonday Kenya, Creative Management Consultants Ltd, and The Kenya Youth Employment and Opportunities Project (KYEOP) under The Ministry of ICT, Innovation and Youth Affairs. The partnership was ratified and announced on Monday 19th September 2022  at the Ministry of ICT offices in Nairobi, Kenya marking the start of the World Bank-funded initiative that aims to drive socio-economic development for the youth. Announcing the partnership, BrighterMonday Kenya noted that the program will lay the…

Companies Warm Up to Agilitee’s New E-bikes as They Look to Cut Transportation Costs

MaryAnne Musilo

Zimbabwe customers on Monday started to take delivery of electric vehicles rolled out by Agilitee, the market leader in Artificial Intelligence, electric vehicles and the green revolution giant. Majority of the customers are companies that are taking fleet instead of just one vehicle. Commenting on the sidelines of this big activity, Country Director Tanaka Kutama said, As we begin our first roll out of Electric bikes to various service providers in food and security we aim to have at least 300 bikes on the road by December, so there ease…