Browsing: Actis

• Companies within the Special Economic Zone (SEZ) benefit from reduced corporate tax rates, zero-rated VAT, lower withholding taxes, and preferential import duties.
• The business hub has successfully attracted 17 firms so far, and eight have already enjoyed the benefits of the SEZ framework.
• By 2040, Nairobi Gate envisions a facility that supports Kenya’s industry needs and serves as a model for SEZ operations in sub-Saharan Africa.

Nairobi Gate Industrial Park Special Economic Zone (SEZ) has announced the groundbreaking of its fifth phase, a $7 million expansion project in Kenya’s agro-processing industry.

Designed to support Kenya’s agro-processing potential, this initiative reflects Nairobi Gate‘s strategic commitment to nurturing local industries and empowering the country’s role in regional and global supply chains.

The development aims to create a modernized environment tailored for light manufacturing, offering critical infrastructure and streamlined operational benefits for businesses.

Scaling up agro-processing and light manufacturing

At the heart …

Norrsken22 plans on capitalizing on its general partners’ years of experience and investment philosophies to back startups in fintech, MedTech, Edtech, and market-enabling solutions such as B2B marketplaces and inventory management businesses.

Kolbe, whose previous firm Actis backed Egyptian fintech giant Fawry in 2019 as it prepared to go public, said Norrsken would look at Egypt ‘opportunistically.’ 

Deals from the country that may be of interest to the firm will be those planning an expansion into the four markets Norrsken22 is currently keen on, including Nigeria, Ghana, Kenya and South Africa.…

The United States Trade and Development Agency (USTDA) has awarded the Kenya Craftskills Energy International Limited a grant to develop a 50-megawatt wind power plant with an integrated battery storage in Kajiado, Kenya.

Actis, will work together with craftskills energy international limited while Delphos International which is another US firm, will execute the study. Actis is a which is a leading US investor firm in growth market across Africa, Latin America and Asia,

USTDA Acting Director Thomas R. Hardy said, “ The project has both the structure and the smarts to succeed.”  He further complimented craftskills on the quality partners that they have on board and believes that the US companies will be very competitive in the supply of Kajiado project major components.

The U.S. Ambassador to Kenya Kyle McCarter said the US Embassy was proud to continue its support for the project. He added that the embassy is committed …