Advans eyes East Africa in new SME growth strategy
NAIROBI, Kenya, Oct 19 - Global microfinance group Advans is betting on Africa’s small and medium enterprises (SMEs) as the next frontier for economic Kenya breaking news | Kenya news today |..
✨ Key Highlights
Global microfinance group Advans is expanding into East Africa, targeting Kenya, to support small and medium enterprises (SMEs) with data-driven and technology-enabled lending solutions. This move aims to bridge the significant financing gap faced by millions of small businesses across Africa.
- Advans plans to expand its operations into East Africa, leveraging its hybrid lending approach that combines technology with human connection.
- The expansion into East Africa is driven by the region's emergence as an innovation and trade hub, with Kenya being a key target where SMEs contribute approximately 40 percent of GDP.
- The World Trade Organization (WTO) highlights that MSMEs account for over 90 percent of global businesses but face major barriers in accessing finance and markets.
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Advans Expands to Kenya; Tributes Paid to Raila Odinga; Safarilink Denies Fare Hikes - October 2025
Global microfinance group Advans is expanding into East Africa, targeting Kenya to support small and medium enterprises with data-driven lending solutions. In other corporate news from the country, tributes were paid to the late Raila Odinga. Kenya Airways flew his body from India to Nairobi, changing the flight's call sign to RAO001 in his honor and serenading passengers with his favorite song on another flight. Safaricom CEO Peter Ndegwa also paid tribute, praising Raila Odinga as a selfless leader and democracy icon during a graduation ceremony at Meru University of Science and Technology. Meanwhile, in the aviation sector, Safarilink has denied social media claims made by Kileleshwa MCA Robert Alai of a sharp increase in airfares on the Nairobi–Kisumu route.
