MyCredit, Enkisoma Africa ink Sh1.2bn private schools financing deal
NAIROBI, Kenya, Nov 17 - MyCredit Limited has signed a KES 1.2 billion Memorandum of Understanding (MOU) with Enkisoma Africa Limited to finance and Kenya breaking news | Kenya news today |..
✨ Key Highlights
MyCredit Limited and Enkisoma Africa Limited have signed a KES 1.2 billion Memorandum of Understanding (MOU) to finance and accelerate digital transformation in private schools across Kenya. This partnership aims to overcome the high upfront costs associated with adopting digital tools in education.
- Most important fact or figure from the article: The agreement involves a Sh1.2 billion commitment from MyCredit to provide schools with digital infrastructure.
- Key person or organization involved: Wangaruro Mbira, Managing Director of MyCredit, highlighted the Kuza Elimu product designed to remove financial barriers for digitization.
- Notable detail that adds context: A pilot program involving 150 private schools will kickstart the initiative to deepen digital adoption nationwide.
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Financing Deals Totaling Sh1.2B, Sh2.2B, and $400M Announced for Energy, Education, and Real Estate - November 2025
Mauritius Commercial Bank (MCB) has successfully arranged and closed a $400 million syndicated facility for Sea World Energy Holdings Limited, the affiliate consolidating Karpowership Group's operations across Africa. In Kenya, MyCredit Limited and Enkisoma Africa Limited have signed a KES 1.2 billion Memorandum of Understanding to finance and accelerate digital transformation in private schools. This partnership aims to overcome the high upfront costs of adopting digital tools. Additionally, Acorn Holdings has received approval from the Capital Markets Authority (CMA) to launch a Sh2.2 billion Build-To-Rent Development Real Estate Investment Trust (D-REIT). This initiative is intended to address the shortage of affordable rental housing for young professionals in Nairobi.
