Fueled by her passion, Rukia Ahmed established the Green North Eastern Initiative, a community organization focused on enhancing climate resilience in northern Kenya. “I collaborate with schools to plant trees alongside teachers and students. “We began in Wajir County and have since expanded to Mandera and Garissa, where we’ve planted nearly 10,000 trees,” she explains.
BIO entered Kenya in 2019, focusing on sectors where private sector involvement could drive development. Its initial impact came through partnerships with local financial institutions, providing capital to SMEs typically underserved by commercial banks. This approach boosted financial inclusion in a country where SMEs contribute 33.8% to GDP and employ over 80% of the workforce.
The loan agreement with DEG is designed to offer Stanbic Kenya flexible financing terms, enabling the bank to effectively utilize these funds for a range of strategic initiatives. This includes investments in digital banking infrastructure, which are increasingly essential for providing seamless financial services in response to evolving customer preferences and technological advancements.
One of its primary focuses was Kenya, a rapidly growing economy in East Africa. In this region, it made its inaugural private investment by acquiring a stake in Africa’s largest wind farm, a deal that was announced in 2023
As Kenya progresses towards its Vision 2030 goals, the selection of the new German firm underscores CBK’s commitment to protecting national interests and adopting advanced technology in currency production, setting a precedent for future improvements in Kenya’s financial infrastructure
Safaricom secures a $115M sustainability-linked loan to expand 5G, grow M-PESA, and cut carbon emissions while boosting digital inclusion across
Safaricom has long been a leader in corporate sustainability in Kenya, using the Sustainable Development Goals (SDGs) to guide its initiatives in clean energy, gender equality, decent work, and economic growth. The Sh15 billion sustainability loan will accelerate and expand these efforts, increasing their impact.
For the first time, Ethiopia will permit foreign banks to establish local subsidiaries and allow foreigners to acquire shares in domestic lenders, following the cabinet’s approval of a bill on June 14 aimed at liberalizing the economy.
Through this acquisition, NCBA targets the Kenyan insurance industry, valued at KES 309 billion and growing at a 10% annual rate despite macroeconomic challenges
Mary Wangari Wamae’s retirement signals the close of a significant chapter for Equity Group Holdings Plc. Over the past 20 years, her contributions have been instrumental, providing both legal and strategic leadership while driving the group’s expansion across several countries.