MORE than 1,6 million pastoralists and their dependents across East Africa are poised to benefit from a $140 million project to build the resilience of pastoral communities. The De-Risking, Inclusion and Value Enhancement of pastoral economies (DRIVE) project aims to de-risk pastoral systems through an integrated package of financial services that includes drought index insurance, savings, digital accounts and financial education, and at the value chain level through de-risking private sector investments that provide reliable markets to pastoralists. It is…

PESAPAL is rolling out its Openfloat solution in Kenya, pledging an effective offering to manage expense payments across multiple channels, recipients and currencies. A leader in building payments and business tools for Africa, Pesapal, said the rollout followed extensive market testing with merchants in retail, hospitality and transport sectors in East Africa’s largesteconomy. Tests, according to the company, showed that these businesses could half the amount of time taken each month to process their expense payments. Openfloat’s capacity for real-time…