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VC firm Delta40 raises Sh2.6bn to fund African startups

Nairobi, Feb. 11 -- Kenyan venture capital (VC) firm Delta40 has secured $20 million (Sh2.6 billion) to expand its financing for startups in the country and across Africa. The round drew 54 investors... Read More


Stima Sacco turns insurance unit into broker for members

Nairobi, Feb. 11 -- Stima DT-Sacco has restructured its insurance subsidiary from an insurance agent into a fully fledged broker to negotiate offers for its members. Mpawa Insurance Brokerage was for... Read More


M-Gas parent company leans on I&M loans as it seeks alternative financing

Nairobi, Feb. 11 -- UK-based Circle Gas is leaning heavily on financing from I&M Bank Kenya to support its Kenyan subsidiary M-Gas, even as the group seeks to raise an additional $20 million (Sh2.5 bi... Read More


Music streamer Mdundo sales drop 25pc despite push into mobile payments

Nairobi, Feb. 8 -- Kenya-headquartered music streaming firm Mdundo recorded a 25.5 percent drop in revenue in the six months to December 2025, despite expanded mobile money and telecom billing partner... Read More


Kenyan tech startups drive Africa's record rise in debt financing

Nairobi, Feb. 3 -- Kenyan technology startups are increasingly turning to debt financing as a primary source of capital, reflecting a broader shift in Africa's venture funding landscape, where more yo... Read More


Henrey EV car dealer sets up Sh320m Mombasa plant

Nairobi, Feb. 2 -- Chinese-owned electric vehicle (EV) dealer Rideence Africa is investing Sh320 million in an assembly line in Mombasa as it seeks to reduce vehicle prices by as much as 25 percent th... Read More


Google RCS message interruption pushes Android users back to third-party apps

Nairobi, Feb. 1 -- Google's Rich Communication Services (RCS) messaging no longer works for Kenyans using Android mobile phones across all three of the country's major mobile networks, effectively rev... Read More


Android users forced back to SMS after Google switched off 'free' messages feature

Nairobi, Feb. 1 -- Google's Rich Communication Services (RCS) messaging no longer works for Kenyans using Android mobile phones across all three of the country's major mobile networks, effectively rev... Read More


Logistics company Cold Solutions raises Sh2.4bn

Nairobi, Jan. 29 -- Kenyan cold storage and logistics firm Cold Solutions has raised $19 million (about Sh2.4 billion) in debt financing to expand its refrigeration and temperature-controlled transpor... Read More


Worldcoin deletes Kenyans' biometric data after court order

Nairobi, Jan. 21 -- US- and Germany-based technology company Tools For Humanity (TFH) has deleted all data it collected from Kenyans in 2023 for its Worldcoin cryptocurrency project, according to the ... Read More