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Afreximbank issues a $29 million guarantee to scale East African Community (EAC) Customs Bond, easing movement of goods across East Africa

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Afreximbank

Afreximbank considers the EAC Customs Bond a significant step towards simplifying and digitising customs processes across the East Africa region

CAIRO, Egypt, September 22, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has issued a US$ 29 million guarantee to BSMART Technology Ltd to support the implementation and scaling of the EAC Customs Bond, the technology-enabled regional customs guarantee solution that facilitates the movement of goods across East African countries.

 




  

Aimed at strengthening the financial capacity underpinning the EAC Customs Bond and supporting the transition to a more seamless digital and integrated customs environment, the facility will enable BSMART Technology Ltd to strengthen the implementation and market uptake of the EAC Customs Bond

The financial support builds on Afreximbank’s close collaboration with the EAC Secretariat, which began with the pilot phase of the EAC Customs Bond in August 2025 and the subsequent launch of the Bond during the Heads of State Summit in March 2026. Through the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS), the Bank has been in the lead in supporting the development of regional customs guarantee and digital solutions that facilitate intra-African trade.

Afreximbank considers the EAC Customs Bond a significant step towards simplifying and digitising customs processes across the East Africa region as it enables clearing and forwarding agents and other eligible users, like guarantors and customs authorities, to access customs bonds through a digital platform, reducing reliance on physical documentation and improving cross-border movement of goods. The solution is designed to eliminate the need for physical bond documentation to be posted at each border for the entry and exit of goods, supporting a seamless transit environment.

This facility demonstrates Afreximbank’s commitment to developing practical solutions that break down the barriers to intra-African trade

By strengthening the financial capacity supporting the digital customs ecosystem, the new facility is expected to lead to the expansion and adoption of the EAC Customs Bond across the region, improve access to capacity, reduce administrative and documentation requirements and facilitate faster movement of goods across the borders. It is also expected to support greater digitisation of customs processes, thereby contributing to the broader objective of increasing intra-Africa trade.

Highlighting the significance of the facility, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank, said:

“This facility demonstrates Afreximbank’s commitment to developing practical solutions that break down the barriers to intra-African trade. With the EAC Customs Bond, we are supporting the digitisation and simplification of access to customs guarantees for businesses moving goods across the region – cutting costs and improving the efficiency of customs procedures.

“The Bond complements Afreximbank’s broader AACTGS programme to strengthen capacity across Africa. It deepens our relationship with the EAC Secretariat and other stakeholders, including the regional economic commissions. Above all, this intervention aligns with the Bank’s mandate to support the implementation of the AfCFTA and accelerate the integration of African markets.”

Mr Stephen Teang, Managing Director, BSMART Technology Ltd said: “This facility provides important support for BSMART’s growth ambitions and reflects strong confidence in EACBond. We thank Afreximbank for their partnership and support.”

The EAC Secretariat began piloting the EAC Customs Bond in Uganda in 2025. It then followed with the onboarding and participation of Rwanda and Burundi in January 2026 and an official launch at the 25th Summit of Heads of State in March 2026. Under the Bond digital platform, an agent moving goods across multiple countries can do so digitally rather than go through the traditional physical submission of documents at each border post, reducing administrative processes and avoiding delays.

Distributed by APO Group on behalf of Afreximbank.

 




 

Business

Kholo Capital provides R275 million (US$17 million) mezzanine debt funding to DCC Holdings to support refinancing and future growth

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The funding will refinance existing debt and support DCC’s long-term growth strategy

JOHANNESBURG, South Africa, October 13, 2026/APO Group/ –Kholo Capital Mezzanine Debt Fund I (“Kholo Capital”) (www.KholoCapital.com) today announced the provision of R275 million (US$17 million) in mezzanine debt funding to DCC Holdings Proprietary Limited (“DCC”), a leading South African information and communications technology (“ICT”) distributor with an established presence across Southern Africa. The funding will refinance existing debt and support DCC’s long-term growth strategy.

 




 
 

DCC is a leading South African distributor of ICT products and solutions, offering a comprehensive portfolio of products across personal computing, printing, enterprise infrastructure and software. The business distributes products from leading global technology manufacturers, including HP, Dell and Lenovo, to an extensive network of resellers, system integrators and retailers across Southern Africa.

Founded in 1988, DCC has grown into an established participant in the Southern African ICT distribution market, with a distribution network and logistics infrastructure serving customers across the region. The business plays an important role in the ICT supply chain, connecting international technology manufacturers with local resellers and retailers.

Mokgome Mogoba, Managing Partner and Founder of Kholo Capital, commented:  “We are delighted to support DCC’s highly experienced management team as the business enters its next phase of growth. The business is backed by Kleoss Capital, a highly competent private equity investor. This transaction demonstrates how structured mezzanine debt capital can be used to optimise a company’s capital structure, refinance existing debt and provide the financial flexibility required to support sustainable growth. DCC has established itself as one of South Africa’s leading ICT distributors, with a strong market position underpinned by longstanding relationships with leading global technology manufacturers, an extensive reseller network and well-established logistics and distribution capabilities.”

We are delighted to support DCC’s highly experienced management team as the business enters its next phase of growth

Zaheer Cassim, Managing Partner and Founder of Kholo Capital, added: “Over nearly four decades, DCC has built a formidable distribution platform, combining extensive market reach, strong logistics capabilities and a deep understanding of its channel partners’ needs. Beyond its commercial strengths, DCC’s investment in youth employment, support for learners with disabilities and SME reseller development reflects a commitment to inclusive growth. Its adoption of solar energy and water-saving measures further demonstrates a practical approach to responsible business. We believe DCC is well positioned to capitalise on opportunities across the Southern African ICT market, and we are pleased to partner with management in advancing growth that delivers both commercial value and meaningful social impact.”

Hale Matsipa, Managing Partner of Kleoss, said: “Kleoss Capital has valued the opportunity to work with Kholo Capital on this transaction, which positions DCC for its next phase of growth. It also reflects the positive momentum in South Africa’s private markets and marks another successful collaboration between Kleoss Capital and a fellow private markets investor. We look forward to continuing our partnership with the Kholo Capital team.”

Carlos Ferreira, CEO of DCC, added: “DCC’s shareholders, comprising senior management and Kleoss Capital, are pleased to introduce Kholo Capital into the capital structure of the DCC group. DCC has been growing steadily over the years with the addition of certain key brands and the expansion of our existing footprint within our established vendor relationships. Together with our capital partners, we look forward to the next chapter in the evolution of the business with continued optimism.”

Deneys acted as legal counsel to Kholo Capital.

Webber Wentzel acted as legal counsel to DCC.

Distributed by APO Group on behalf of Kholo Capital.

 

 




 

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Verdant Capital Hybrid Fund (VCHF) publishes inaugural Annual Impact Report: investees estimated to have created over 316,000 jobs

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Verdant Capital

The findings provide an important baseline for tracking impact over time, combining investee-level data with insights from end customers on how access to finance is influencing their businesses and households

We are committed to using the data and insights from these studies to strengthen our approach and deepen our impact measurement

JOHANNESBURG, South Africa, October 12, 2026/APO Group/ –Verdant Capital (www.Verdant-Cap.com) believes that the true measure of investment goes beyond capital deployed and financial returns. It is also reflected in the businesses that grow, the jobs they create and the lives they help transform.

In 2025, the Fund took an important step towards strengthening its impact measurement approach by commissioning 60 Decibels (https://apo-opa.co/4dAqYdi) to build an industry-standard impact management framework and conduct independent impact measurement across its investment portfolio. Job creation is Verdant Capital Hybrid Fund’s primary impact objective, and the studies were designed to strengthen the Fund’s understanding of how its investments contribute to employment and broader economic opportunities.

 




 
 

As part of this process, VCHF developed an impact thesis for each investee, and commissioned baseline studies to understand who its investees reach, how their services influence the lives of their customers and, most importantly, their contribution to job creation.

The findings provide an important baseline for tracking impact over time, combining investee-level data with insights from end customers on how access to finance is influencing their businesses and households.

“Our conviction has always been that the right capital, combined with hands-on technical support, can help African financial service providers reach underserved businesses, create jobs and improve livelihoods.” said Edmund Higgenbottam, Chief Executive Officer of Verdant Capital. “Our first impact studies provide encouraging evidence of this, but this is only the beginning. We are committed to using the data and insights from these studies to strengthen our approach and deepen our impact measurement”.

Key Impact Highlights as of 31 December 2025

  •  USD 39.5 million deployed across six investments.
  • 179,000+ MSMEs reached.
  • 316,000+ jobs created across the portfolio, with an additional 1,066,000+ jobs supported.
  • 24 Technical Assistance projects delivered for investees, supported by KfW on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
  • Six investees operating across 12 African countries, mainly low income and lower-middle income countries.

VCHF has made six investments in inclusive financial institutions to date: WATU, Mogo, LOLC Africa, Zeepay, UsPlus and Bfree. Through these investments, the Fund helps expand access to financial solutions that enable individuals and small businesses to grow their enterprises, strengthen their incomes and contribute to employment generation. The highlights above are drawn from independent 60 Decibels studies with over 850 customers across four investees.

Looking ahead, VCHF has USD 51 million in AUM and plans to grow its portfolio through additional investments and expansion into new markets over the coming years. The Fund is also seeking to mobilise additional capital from investors who share its commitment to delivering commercial returns alongside measurable impact.

Beyond the numbers are the stories of individuals accessing financial services, entrepreneurs expanding their businesses, households strengthening their livelihoods and businesses contributing to more resilient value chains.

This report marks an important milestone in VCHF’s impact journey. It strengthens the Fund’s understanding of the outcomes associated with its investments and reinforces its commitment to measuring not only the scale of its reach, but also the changes experienced by the people and businesses behind the numbers.

Verdant Capital extends its sincere appreciation to its partner, KfW Development Bank, for its continued support, and to its investees for their commitment and collaboration throughout this process.

Verdant Capital also extends its appreciation to 60 Decibels for its valuable partnership as the impact measurement advisor, as well as to the entire Verdant Capital Hybrid Fund team for its dedication and contribution to this important milestone.

Together with its partners, VCHF continues to demonstrate that commercial returns and meaningful impact can go hand in hand.

Read the full report here: Click Here (https://apo-opa.co/4B26qV8)

Distributed by APO Group on behalf of Verdant Capital.

 

 




 

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KFC’s Kentucky Town lands in Kenya with a local twist on food, fashion and culture

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KFC

East Africa’s first Kentucky Town launches on October 20 with a Kenyan-inspired menu, an exclusive capsule collection co-created with Kenyan fashion house home_254, and pop-up experiences in Nairobi

NAIROBI, Kenya, October 12, 2026/APO Group/ —Key points

  • Kentucky Town 254 launches on 20 October 2026, marking the first East African rollout of KFC’s limited-time festival.
  • An exclusive Kenyan-inspired menu at selected KFC restaurants features The Colonel’s Mandazi Burger, The Colonel’s Mandazi Pops, The Kentucky Choma Burger, Samosa Crunch, Catch These Masala Fries, Birthday Cake Krusher and One in a Melon Krusher.
  • Four Friday to Sunday pop-ups will open at The Junction Mall, The Hub Karen, Galleria Shopping Mall and Garden City Mall, featuring games, live experiences, music and an exclusive apparel collection co-created by KFC and home_254, the Nairobi-based fashion house known for wearable expressions of Kenyan identity.
  • Anyone who buys a Kentucky Town meal at a participating KFC restaurant can use their receipt to unlock access to any of the pop-up experiences.

KFC is bringing its Kentucky Town experience to Kenya for the first time, marking the platform’s East African debut with a menu, merchandise collection and series of pop-up events shaped by Kenyan culture.

 




 
 

Kentucky Town 254  launches on October 20, 2026, and will run until 15 November 2026. It includes a Kenyan-inspired menu available at selected KFC restaurants, an exclusive apparel collection co-created by KFC and home_254, a Nairobi-based, made-in-Kenya fashion house, and four rotating weekend pop-ups across Nairobi malls.

“We didn’t want to bring Kentucky Town to Kenya and simply put a Kenyan name on it. We wanted Kenya to have a say in what Kentucky Town becomes,” says Dorothy Muthoni, Chief Marketing Officer at Kuku Foods East Africa, KFC’s franchisee in Kenya.

“That means food that tastes familiar, fashion that feels like us, and an experience that gives people a reason to come together.”

We know Kenyans love KFC, and this is a wonderful opportunity to thank them for their support

From Oct. 20, the limited-time Kentucky Town menu will be available at selected KFC restaurants and will feature:

  • The Colonel’s Mandazi Burger
  • The Colonel’s Mandazi Pops
  • The Kentucky Choma Burger
  • Samosa Crunch
  • Catch These Masala Fries
  • Birthday Cake Krusher
  • One in a Melon Krusher

The menu draws on flavors already familiar to Kenyan consumers, reimagined through KFC’s format. Kentucky Town 254 extends beyond restaurants to four weekend pop-ups across Nairobi, each combining food, fashion, music, games and interactive experiences:

  • October 23–25: The Junction Mall, ground-floor courtyard
  • October 30–November 1: Galleria Shopping Mall, parking area next to KFC
  • November 6–8: The Hub Karen, The Piazza
  • November 13–15: Garden City Mall, main entrance

Customers who buy a Kentucky Town meal at a participating restaurant can use their receipt to unlock access to any of the pop-ups, featuring music, games, merchandise and interactive experiences. The first 100 visitors at the pop-up on October 23 will also receive a complimentary Samosa Crunch.

Visitors can also take part in activities such as the Wrap the Beat dance challenge, virtual reality gaming, a basketball hoop challenge and a photo booth, with the opportunity to have their caricatures drawn and take them home.  “A highlight of the pop-up is the merch shop stocked with an exclusive limited-edition collection by the Kenyan fashion and design brand home_254,” says Muthoni.

The collection includes crop tops, T-shirts, varsity jackets, sweatshirts, cosy sweatpants,  jorts, shrugs and puffer jackets, with a styling corner and photo spot where visitors can try on and photograph pieces from the range.

“Everything is designed and made in Kenya and hand-printed locally, so a Kentucky Town piece carries a little bit of home long after the campaign ends,” says Job Brian Jura, founder of home_254. “That is what the brand stands for, wearable art that lets people carry Kenyan creativity and pride with them.”

A mix of Kenyan creators and influencers, including Kendi Q, Comedian Mwirigi and Wangari Kairu, will support Kentucky Town across social media and at the pop-up events, sharing content around the food, fashion and cultural elements of the experience.

Kenya is KFC’s second-largest African market after South Africa, with 48 franchise-owned restaurants. Kentucky Town originated in South Africa and has previously run in Namibia and Mauritius; Kenya marks its first East African rollout.

“Kentucky Town is all about introducing KFC to new audiences with entertainment, fun, exclusive experiences and merch, and a menu that takes the Original Recipe to new and exciting places,” says Hloni Mohope, Chief Marketing Officer at KFC Africa.

“We know Kenyans love KFC, and this is a wonderful opportunity to thank them for their support. Twende funky!”

Distributed by APO Group on behalf of KFC Africa.

 




 

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