Recognising the devastating effects of COVID-19 on businesses and families in Kenya, Mastercard Foundation has launched the COVID-19 Recovery and Resilience Programme (CRRP) to help micro- small- medium-sized enterprises (MSMEs) respond to and withstand the impact of pandemic while strengthening their resilience in the long run
Commerce
AfDB grants US$1.5mn to Smart Africa Alliance
The African Development Bank (AfDB) has approved a US$1.5mn grant to assess policy gaps in the digital trade and e-commerce ecosystems in 10 countries in Africa
TDB closes renewable deal with support from Asoko’s digital engagement platform
The Eastern and Southern African Trade and Development Bank (TDB) has closed a US$4.2mn deal with Sunspot Energy Kenya Limited, a solar home system provider operating as Spark Possibilities, sourced through TDB’s Renewables DealRoom hosted by Asoko Insight
Google announces first investment from Africa Investment Fund
Google has announced its first investment from the Africa Investment Fund which was launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October
Cassava Technologies and ITC Secure to strengthen Africa’s cyber security services
ITC Secure (ITC), one of the leading advisory-led cyber security services companies and a Microsoft Gold cyber security partner, and Cassava Technologies, the pan-African technology leader, have entered into a joint venture (JV) to build and launch an extensive portfolio of cyber security services, powered by Microsoft Azure cloud technologies in Africa