Microsoft, AfDB launch Pan-African agri-SME finance facility
NAIROBI, Kenya, Dec 5 - Microsoft has teamed up with the African Development Bank (AfDB) to launch a continent-wide financing facility aimed at digitising Kenya breaking news | Kenya news today |..
✨ Key Highlights
Microsoft and the African Development Bank (AfDB) have launched a Pan-African financing facility to digitize agricultural Small and Medium-sized Enterprises (SMEs). This initiative, announced at the B20 South Africa Summit, aims to blend investment capital with digital and AI tools to enhance agricultural productivity across Africa.
- The facility is expected to mobilize large agricultural investments over the next five years.
- Microsoft's Chief Sustainability Officer Melanie Nakagawa highlighted a shift from simply connecting 117 million Africans to focusing on sector-level transformation.
- In Kenya, Microsoft's partner Mawingu has enabled rural clinics to consult specialists via video links and is collaborating with Mastercard's MADE Alliance to equip 50,000 farmers with digital skills.
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Digital Platforms Launched and Acquired for Agriculture, Engineering, and Insurance Sectors - December 2025
Microsoft and the African Development Bank launched a Pan-African financing facility to digitize agricultural SMEs, which will blend investment capital with digital and AI tools. In the construction sector, the Engineers Board of Kenya (EBK) launched an online portal for registering engineering projects to enhance oversight and professionalism. This move aims to address concerns about unapproved constructions. Separately, the global insurtech organization Bolttech has acquired Nairobi-based digital insurance platform mTek. This acquisition marks a significant consolidation in East Africa's insurtech market and sets the stage for regional expansion.
