Kenya’s Digital Transformation Gets $250M Boost from US Finance Corporation
- The US International Development Finance Corporation (DFC) has unveiled a $250 million financing package for Kenya's digital and sustainable mobility landscape.
- DFC has invested in several prominent Kenyan companies, including M-KOPA, BasiGo, Mogo Auto, Roam Electric, and Pezesha Africa Limited.
- M-KOPA has secured a $51 million loan from DFC to bolster digital connectivity nationwide and provide affordable smartphones to underserved communities.
The $250 million financing package from the US International Development Finance Corporation (DFC) is a significant boost for Kenya's digital and sustainable mobility landscape. It will accelerate digital connectivity and e-mobility initiatives, contributing to economic growth, job creation, and sustainable development. The investments from DFC, Google, and Microsoft, along with the strengthening ties between the US and Kenya, indicate a positive outlook for Kenya's technological capabilities.
