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Africa Business News

Kenya Tender and Business News

Kenya Computer and Cybercrimes Law Designed to Intimidate not Protect

Kenya's new Computer and Cybercrimes law was just approved by Kenyan president Uhuru Kenyatta. It allows criminal charges to be brought against persons deemed to have "intentionally published false, misleading or fictitious data". Freedom House has come out strongly against the law as a means of controlling the freedom of the press.

AIIB Approves Kenya and Papua New Guinea As Latest Members

The Asian Infrastructure Investment Bank (AIIB), based in Beijing, announced on May 3 that it had approved Kenya and Papua New Guinea as the latest countries to join its institution. For both, it means improved access to global development infrastructure capital.

Standard Chartered Bank and CDC Group Sign MOU to Increase Africa and ASIA SME Financing

Standard Chartered Bank of the United Kingdom has signed a memorandum of understanding with CDC Group, the UK's development finance institution, for a supply chain finance program which will increase financing for SME suppliers in Africa and South Asia. The first countries to benefit from this scheme are expected to be Nigeria, Uganda, Ghana and Kenya.

Simbapay and Interswitch Launch Pan-Africa Remittances Chatbot

SimbaPay, a digital money transfer provider based in London, announced the launching of an artificial intelligence (AI) powered chatbot service to allow remittances through only an SMS and enable 24/7 instant customer service for its customers across Africa and Europe.

Malawi Becomes Member of the African Finance Corporation

The African Finance Corporation, a Nigeria-based multilateral institution focusing on African infrastructure investments, just announced that the Republic of Malawi has joined AFC as only the second Southern African member country.

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