Stay up to date with the latest business and innovation news in the region. Our magazine also delivers dedicated coverage of the workshops and events happening at Nairobi Garage keeping you in the know.

IFC Investment in MENA REGION

IFC Investments in MENA Hit New Record

IFC Investments in MENA Hit New Record IFC, a member of the World Bank Group, stepped up its investments in the Middle East and North Africa (MENA), committing a record $2 billion to support the region’s private sector, boost innovation, drive economic growth, and create jobs. According to a press statement , IFC provided over $1…

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VC4A announces Series A Venture Showcase

VC4A announces Series A Venture Showcase

VC4A announces Series A Venture Showcase  VC4A  is calling for disruptive African scale-ups looking to raise between $250K and $5M. An exclusive Series A Venture Showcase will take place in Cape Town on November 12, 2018, as part of the annual Africa Early Stage Investor Summit. The 2017 event showcased 20 scale-ups as part of…

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branch international

Branch International raises Sh350m plans to expand Kenyan services

Branch International raises Sh350m; plans to expand Kenyan services Branch International has announced a Sh350 million capital investment to further expand its services in Kenya. Branch International commercial paper issuance was arranged by Centum-owned capital-raising advisory firm, Barium Capital​. ​This marks the second time the San Francisco headquartered technology company has issued commercial paper in…

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Twiga Foods

Twiga Foods secures $3 million from IFC

Twiga Foods secures $3 million from IFC funding The International Finance Corporation (IFC) is set to invest $3 million (Sh300 million) in Kenya’s mobile-based food delivery firm Twiga Foods as part of the company’s efforts to raise more than Sh700 million from multiple investors. This is according to Business Daily. However, Business Daily also reports…

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SME Financing

World Bank approves financing for SMEs but is it enough?

World Bank approves financing for SMEs but is it enough? Small and Medium Enterprise financing (SME Financing) has become a “hot topic” especially with many studies having revealed the tremendous contribution of SMEs to economic development. However, one big challenge has been closing SME Financing gap which is highly linked to limited connections to networks…

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