Browsing: Kenyan SMEs

• WorkPay has received KSh 341.3 million (US$2.7 million) from international investors to expand in Africa
• The Kenyan HR and payroll solution said the pre-series A round was led by several companies including Acadian Ventures, Fondation Botnar, P1 Ventures, and Kara Ventures
• The funding will assist WorkPay to expand in 40 countries in Africa

WorkPay, a Kenyan human resource (HR) and payroll solution startup WorkPay, has received KSh 341.3 million from international investors to expand in Africa. The startup offers cloud-based human resources management and payroll solution for small and medium-sized businesses (SMBs) in Africa.

On February 22, 2023, WorkPay announced that the investment, a pre-series A round, was led by several companies including Acadian Ventures, Fondation Botnar, P1 Ventures, and Kara Ventures.

The funding will assist WorkPay to expand in 40 countries in Africa.

Commenting on the funding, WorkPay CEO and Co-Founder Paul Kimani told TechCrunch that the company has …

• Kenyan Small and Medium Enterprise (SME) Cake City has opened a new branch along Kiambu Road as part of its proactive expansion strategy
• The new outlet is located at EBC Centre within Shell Petrol Station near Evergreen Centre and now brings Cake City’s total operating outlets to nine, and it is the first store to be opened in 2023
• Cake City CEO Mohamed Zahir said the decision to expand along Kiambu Road was also supported by rapid development and expansion activities being witnessed in the area

Cake City, an award-winning small and medium enterprise in Kenya, has opened a new branch along Kiambu Road as part of its proactive expansion strategy.

The new outlet is located at EBC Centre within Shell Petrol Station near Evergreen Centre and now brings Cake City’s total operating outlets to nine, and is the first store to be opened in 2023. The company has branches …

• KEPSA has announced the recruitment of the first cohort of twenty-five businesses in the Kenya-US Small and Medium Enterprises Trade Initiative
• The twenty-five local SMEs looking to either scale up globally or grow exports to the U.S. market will be provided with sector-specific information on business opportunities in the U.S. markets
• The Kenya-US SME Trade Initiative aims to support greater US-Kenya trade under the African Growth and Opportunity Act (AGOA)

The Kenya Private Sector Alliance (KEPSA), has announced the recruitment of the first cohort of twenty-five businesses in the Kenya-US Small and Medium Enterprises Trade Initiative.

The twenty-five local SMEs, looking to either scale up globally or grow exports to the U.S. market, will be provided with sector-specific information on business opportunities in the U.S. markets. This is in addition to imports and exports business exchanges among other initiatives aimed at improving market access and linkages between SMEs in the …

Kenya’s national carrier Kenya Airways has launched a centre which it says will be used to mentor the youth.

In a statement, the company says the centre, dubbed ‘Fahari Innovation Hub’, will act as a springboard for new ideas and data-driven innovations to accelerate impact-driven solutions that address some of the societal and business challenges.

Kenya Airways Chief Executive Officer, Allan Kilavuka said the Fahari Innovation Hub has already been operating virtually for about one year.

He added that with the setting of a physical workspace, the hub will provide a centre for strategic innovation management offering opportunities for co-creation, collaboration, networking, research, and learning.

“At the pace at which change accelerates, especially now in the middle of a global pandemic, we have become increasingly aware of the need to be innovative as we position the business as a resilient, forward-looking and sustainable company with a deliberate inclusive agenda of …