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Luxembourg Firm Invests Sh100m In Microfinancier Musoni

Luxembourg-based private equity (PE) firm Fonds Européen de Financement Solidaire (Fefisol) has invested Sh100 million in Musoni Microfinance Ltd that targets small-scale farmers and the informal sector. The Nairobi-based credit-only lender founded in 2010 on Thursday said the funds will go towards developing financial products that stimulate food production and agri-business. It uses Safaricom’s M-Pesa […]

A Danish solar power firm has acquired an office space in Nairobi that will tap a dozen Kenyans to drive its operations from next month, expanding the list of multinationals that have plugged into the local market. M-PAYG, which already has a footprint in neighbouring Tanzania, said it was eyeing opportunities presented by Kenya’s plan […]

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Kenya and Ireland have entered into a five- year agreement to boost food security in the country with focus on dairy and fisheries sectors. The partnership, which has been dubbed Ireland Kenya Agri-Food Strategy 2017-2021 will see local farmers benefit from use of modern technology in farming to increase their productivity. Irish Foreign and Trade […]

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Finnish energy giant Wartsila is seeking to convert Kenya’s expensive thermal power plants to gas-fired power stations aimed at cutting electricity tariffs by half. The company wants to make thermal power investors switch to cheaper natural gas with the government’s support that would push down tariffs for diesel-generated electricity from Sh20 per kilowatt hour (kWh) […]

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Coffee farmers are set to benefit from Sh103 billion ($1 billion) partnership deal between Dutch Rabobank and Unep aimed at raising production, processing, volumes and quality of produce.   The multinational headquartered in Utrecht, Netherlands, Tuesday said the grant is a three-year initiative pushing for a more sustainable food and agricultural sector. “This new kick-start […]

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