Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

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KENYA – Powerhive Inc, a micro-grids operator, has raised US$9.3 million (Sh930 million) in its Series B round of funding to enable the firm expand its solar power connectivity. Powerhive chief executive Christopher Hornor said Toyota Tsusho participated in the latest round…

Financial group I&M Holdings invests US$180m in Kenyan unit

Financial group I&M Holdings invests US$180m in Kenyan unit

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KENYA – I&M Holdings, a conglomerate comprising financial service providers, says it has invested an additional US$180 million (Sh1.8 billion) in its fully-owned Kenyan subsidiary whose operations expanded following the acquisition of Giro Commercial Bank. The Nairobi Securities Exchange-listed firm made the…