Kenya Tech News

Telkom Kenya in Sh570m network technology deal

Telkom Kenya has entered into a Sh569.6 million deal with Rakuten Symphony and Airspan Networks to advance mobile network technology. This project, funded by the Japanese and US governments through technology grants, will focus on Open Radio Access Network (Open RAN) technology. Airspan will provide 4G and 5G radio units, while Rakuten will offer an operating support system platform. The initiative aims to enhance 4G and 5G networks and promote AI in Africa, with a focus on knowledge transfer to local developers and engineers.

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Kenya and IMF agree to start formal talks on new lending programme

Kenya and the IMF will negotiate a new lending program after agreeing to forgo the ninth review of their current $3.6 billion loan, which is set to expire. This decision comes as Kenya faces increasing debt-servicing costs and seeks continued economic support. The IMF has received a formal request from Kenya for a new program, as the current one, hampered by protests and borrowing disputes, nears its end.

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NCBA Bank Opens New Branch in Tatu City

NCBA Bank has opened a new branch in Tatu City, a Special Economic Zone, which began operations in November 2024. The branch aims to offer banking solutions to individuals and businesses within the rapidly growing urban area. In addition to financial products, NCBA has supported the community by contributing to green initiatives through tree donations and planting.

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Microsoft Brings its Global AI Tour In Nairobi

Microsoft's Global AI Tour in Nairobi hosted Africa's largest AI conference, showcasing the rapid adoption of AI in Kenya across various sectors. The conference emphasized sustainable technological growth, with Microsoft announcing a skilling initiative to train 1 million Kenyans in AI and cybersecurity. Through increased connectivity and partnerships, Microsoft is also investing in Kenya's digital ecosystem to provide advanced AI solutions and digital infrastructure.

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Kenya's smallholder farmers receive boost after Avenews launched KSh 2.5b financing programme

Avenews, a fintech company, has launched a KSh 2.5 billion financing program to support agri-SMEs in Kenya. This initiative aims to address the agricultural finance gap in Sub-Saharan Africa by providing tailored digital financing solutions. The program is expected to boost productivity, foster sustainable growth, and transform the agricultural supply chain in Kenya and beyond.

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