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BURN secures $15M additional investment from EIB to expand in East Africa

 BURN has secured a USD 15 million investment from the European Investment Bank (EIB). The Ksh. 1.9 billion (USD 15 million) investment was announced during the World Bank/IMF Annual Meetings in Washington. This funding will accelerate BURN’s efforts to manufacture and distribute its IoT-enabled ECOA electric cooking appliances to over 1 million households in East
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Prudential partners with Google Cloud to use Generative AI for seamless medical claims

 Google Cloud and Prudential have announced that the latter is using MedLM, Google’s family of foundation models fine-tuned for healthcare industry use cases. The models are aimed at improving the accuracy and efficiency of medical insurance claim decisions. Starting in Singapore and Malaysia, Prudential will use MedLM to analyse documents submitted alongside health insurance claims,
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Absa Bank & IFC train over 600 suppliers on corporate procurement

 Absa Bank Kenya has partnered with the International Finance Corporation (IFC) to provide training for over 600 suppliers in the past two years. The training has helped to prepare suppliers with the know-how to access corporate procurement opportunities. The corporate readiness training session provided a platform for SMEs owned by women, youth, and people living
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M-KOPA surpasses 3 million customer milestone, creates over 16,000 jobs in Kenya

 M-KOPA Kenya has presented key findings from its annual Impact Report, Pathways to Progress at a media roundtable in Nairobi. The report reveals that out of the Group’s five markets and 5 million customers reached across Africa, M-KOPA has made its greatest impact in Kenya. According to the report, M-KOPA Kenya has reached over 3
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Savannah Clinker raises Bamburi Cement bid to Ksh. 27.7 billion

 Savannah Clinker has announced an increase in its offer for Bamburi Cement, raising the bid price from Ksh. 70 per share to Ksh. 76.55 per share. This revision values the total offer at Ksh. 27.78 billion, surpassing its initial offer of Ksh. 25.4 billion. Savannah Clinker is wholly owned by Kenyan entrepreneur Benson Sande Ndeta,
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Jubilee Insurance & DTB unveil new digital payment solution for health insurance

 Jubilee Health Insurance has announced a collaboration with Diamond Trust Bank (DTB), to unveil a digital payment solution that aims to transform payments of health insurance premiums. This solution offers a flexible installment payment option, making healthcare more accessible and affordable for a broader segment of the population. This innovation marks a milestone in the
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