Author: Daily Press

 The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has successfully completed a $325 million debt raise. The new funding brings EAAIF’s total recent capital raises to $620 million. The new financing round saw strong participation from a global consortium of public and private investors.
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 Africa’s intergovernmental ICT policy body, the African Telecommunications Union (ATU), and The Metaverse Institute have signed a Memorandum of Understanding (MoU) at ATU’s headquarters in Nairobi. The strategic partnership commits both organizations to establish an African governance and adoption framework for the metaverse, an integrative ecosystem of virtual worlds offering immersive experiences to users, that
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 Property developer, Mi Vida Homes, has announced a strategic partnership with Space Master Properties for the commercial and construction development of Habitat. Habitat is a 24-storey mixed-use project on Ralph Bunche Road in Nairobi that aims to tap into Nairobi’s medical tourism sector. Habitat is set to be a comprehensive hub, featuring 42 medical suites,
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 I&M Group PLC has announced that it has received Ksh. 4.19 billion in capital from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH). EAGH is a special purpose vehicle backed by leading global impact investors AfricInvest, FMO, and Norfund at Ksh. 48.42 per share. This represents an 81% premium
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 Stanbic Bank Kenya has reaffirmed its commitment to the growth and transformation of Kenya’s tea sector through a robust suite … ContinuedThe post Stanbic Bank Deepens Investments With Roots Deep In Tech appeared first on Soko Directory. Read More

 Safaricom has announced that it has expanded it loans products on its M-PESA platform to more businesses that include SMEs. Businesses will have access to credit through an overdraft facility, Fuliza Biashara and a Term loan Taasi Till. Taasi Till is a business loan that offers short-term loans that range between Ksh. 1,500 to Ksh.
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 Stanbic Bank Kenya has invested in Kenya’s tea sector through a robust suite of financial products, partnerships, and solutions aimed at empowering all stakeholders in the tea value chain. “Our Tea Proposition boosts growth in the Tea sector. Leveraging our deep sectoral understanding and ecosystem approach, we work with farmers to build their capacity and
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