IXAfrica Data Centre has secured up to US$200 million in debt financing from Rand Merchant Bank (RMB) to expand its Nairobi campus, aiming to become a critical hub for hyperscale and artificial-intelligence workloads in the region.

• The funding will support the construction of an additional 20 megawatts of IT power, adding to the existing 2.25 megawatts already in service.
• Snehar Shah, CEO of IXAfrica, confirmed the company has identified Tilisi Industrial Park in Limuru as a viable point for future expansion.
• The Nairobi site benefits from proximity to key fiber routes, resilient power infrastructure, and Kenya’s largely renewable electricity supply.

The Kenyan government has appointed Mr. Tanui as the new CEO of the Hustler Fund, taking over from Elizabeth Nkukuu who led the fund since its inception. Tanui, a financial services veteran with over 24 years of experience, aims to optimize collection processes and expand financial literacy initiatives.

• Tanui has over 24 years of experience in financial services, with prior roles at Ecobank and Consolidated Bank of Kenya.
• The Hustler Fund has provided affordable credit to over 26 million Kenyans.
• Over 9 million Kenyans have improved credit histories through the Hustler Fund, enhancing their access to mainstream financial institutions.

Bonto Kenya Money Transfer Limited has suspended its money remittance operations, stopping transactions on August 15, 2025. The company cited mounting market and operational pressures, including narrow margins and rising expenses, as reasons for winding down operations, pending Central Bank of Kenya approvals.

• Bonto Kenya Money Transfer Limited will surrender its license to the Central Bank of Kenya.
• The firm stopped processing transactions on August 15, 2025, at 18:00 EAT.
• Kenya’s remittance inflows reached $5.77 billion in 2024, according to CBK data, despite increasing competition in the sector.