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Kenya’s first private-sector agri-focused securitisation reaches first close at KES 276 million

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Kenya

Kaleidofin, IDH Farmfit Fund and Apollo Agriculture announce landmark local currency transaction to strengthen smallholder farmer finance in Kenya

NAIROBI, Kenya, May 6, 2026/APO Group/ –Fintech platform, Kaleidofin (www.Kaleidofin.com), has closed Kenya’s first private-sector local currency securitisation in the smallholder agriculture sector, in partnership with agri-finance company Apollo Agriculture and with investment from the IDH Farmfit Fund, a blended finance impact fund, marking a significant step in developing institutional capital markets for rural lending.

 

This first-of-its-kind securitisation in Kenya demonstrates how structured credit markets can channel institutional capital toward smallholder finance.

The milestone transaction involved the securitisation of smallholder farmer credit for inputs with a value of KES 370 million, mobilising KES 276 million (approximately USD 2.1 million) in financing through the sale of these receivables, originated by Apollo Agriculture and covering a portfolio of 23,839 smallholder farmers, 51% of whom are women and approximately 22% first-time borrowers. The issuance was supported by an investment grade rating of BBB- from Agusto, marking a significant milestone in demonstrating the credit quality and investability of this asset class.

Structured through Kaleidofin’s ki platform, a dedicated debt capital market infrastructure, the transaction enables the conversion of granular agricultural loans into investable assets for institutional investors in local currency. Unlike traditional models that rely on rigid standardisation, the platform supports customised structuring of portfolios and risk segmentation, powered by Kaleidofin’s proprietary ki score, an AI-driven risk intelligence layer built on loan transaction, bureau and alternative data.

The structure allows originators such as Apollo Agriculture to recycle capital efficiently while aligning financing to seasonal agricultural cycles, and provides investors with improved visibility into underlying asset risk, helping reduce information asymmetry in an otherwise opaque segment.

For Apollo Agriculture, the transaction releases immediate liquidity and improves capital efficiency, enabling continued expansion of financing to smallholder farmers without increasing balance sheet leverage. In practical terms, this means Apollo can extend more loans to smallholder farmers, helping them access the seeds, fertilisers and tools they need to grow more crops and improve their livelihoods. This is made possible by Apollo’s unique credit tech stack, which allows the company to build accurate, real-time credit profiles for farmers and underwrite customers typically excluded from formal finance. Apollo’s platform combines satellite imagery of farm plots, machine learning models trained on agricultural yield patterns, and mobile-based data collection to assess creditworthiness in real time — without requiring the collateral or credit history that traditional lenders demand.

Building investable opportunities in agriculture requires both capital and enabling infrastructure, and this partnership brings those elements together

“This transaction demonstrates how innovative financial structures can unlock capital for smallholder farmers at scale,” said Roel Messie, CEO of IDH Investment Management, manager of the IDH Farmfit Fund. “Building investable opportunities in agriculture requires both capital and enabling infrastructure, and this partnership brings those elements together.”

“We designed the Kaleidofin platform to function as scalable market infrastructure for traditionally excluded customer segments such as smallholder farmers, women entrepreneurs, clean energy and small business,” said Sucharita Mukherjee, Co-founder and CEO of Kaleidofin. “By enabling customised structuring and data-driven risk insights via ki score, we are building the foundations for institutional capital to flow into sectors such as smallholder agriculture in a sustainable way.”

The transaction is expected to serve as a blueprint for similar structures across emerging markets, demonstrating how technology-enabled infrastructure and blended finance can expand access to capital for underserved borrowers while creating investable opportunities for institutional investors.

“This is a meaningful step in building efficient, scalable funding for smallholder agriculture and validates our tech-enabled business model.” said Eli Pollak, CEO of Apollo Agriculture. “By converting receivables into working capital, we are able to lower our cost of funds and expand access to affordable, local currency financing for farmers.” Financing in local currency is critical for farmers, as it protects them from the foreign exchange volatility that can dramatically increase debt repayment burdens. A lower cost of funds means Apollo can offer more affordable loan terms, reducing the financial pressure on farmers and making it more likely they can repay, reinvest in their farms, and build long-term financial resilience.

The IDH Farmfit Fund acted as anchor investor in the transaction, which represents the first step in a broader multi-year securitisation programme expected to mobilise approximately KES 2.37 billion and reach more than 130,000 farmers over time.

The transaction was supported by a broader ecosystem of partners working to develop the enabling environment for structured finance in agriculture. UK-funded specialist development agency, FSD Africa provided support across legal and regulatory structuring, investor engagement, and market development, while the UK’s flagship public markets programme, MOBILIST, contributed to tax and structuring guidance.

“This transaction showcases how well-functioning market infrastructure can catalyse institutional capital for sectors traditionally considered high-risk, like smallholder agriculture. FSD Africa’s role has been to help build the foundations — from regulatory clarity to investor confidence — that make transactions like this viable and repeatable. We see this as a blueprint for how structured finance can unlock sustainable, large-scale funding for inclusive growth across Africa,” said Dr. Evans Osano, Chief Financial Markets Officer at FSD Africa.

“By supporting FSDA to demonstrate and enable innovation like this, we aim to make it more efficient to mobilize domestic sources of capital for women’s economic empowerment,” said Mark Wensley, Senior Program Officer at the Gates Foundation.

British International Investment (BII), the UK’s development finance institution and impact investor, provided technical assistance to its investee Apollo Agriculture through BII Plus. The foundational funding strengthens its reporting and technology capabilities, enabling access to a scalable, KES-denominated funding model that significantly reduces FX risk while achieving a more efficient and sustainable cost of capital for its growing loan portfolio.

Distributed by APO Group on behalf of Kaleidofin Private Limited.

 

Education

Canon and SOS Children’s Villages in Senegal Join Forces to Empower the Next Generation Through Miraisha

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Canon

Creative skills, mentorship, and hands-on workshops unlock new opportunities for vulnerable youth

DAKAR, Senegal, May 7, 2026/APO Group/ –Canon Central & North Africa (CCNA) (www.Canon-CNA.com), a global leader in imaging solutions, has forged a strategic partnership with SOS Children’s Villages in Senegal, a non-governmental organisation supporting vulnerable youth, to expand its flagship Miraisha skills development initiative. This collaboration underscores Canon’s commitment to sustainable youth empowerment and meaningful social impact, with Senegal identified as a key strategic focus market for 2026.

 

Expanding Canon’s African Footprint

Miraisha’s expansion in Senegal builds on Canon’s decade-long commitment to blending innovation with tangible community impact across Africa. Through this initiative, vulnerable youth and NGO staff gain access to hands-on training, mentorship, and real-world platforms that nurture creative expression and strengthen skills in photography, videography, and visual storytelling. Rashad Ghani, B2C Business Unit Director at Canon Central and North Africa, said, “Across Africa, young people are creative, resourceful, and driven to share their own stories. Our responsibility is to equip them with the tools, skills and confidence to transform that potential into sustainable livelihoods. Turn those talents into livelihoods Senegal is a key market for us, and this partnership reinforces our long-term commitment to advancing youth employability while empowering organisations to amplify their impact through compelling visual storytelling.”

 

Miraisha in Motion: Youth Creativity Meets Opportunity

Rooted in Canon’s philosophy of Kyosei, living and working together for the common good. The Miraisha initiative equips young people aged 18–35 with practical training in photography, videography, and digital storytelling. By combining technical expertise, mentorship, and real-world experience, the programme transforms creative potential into tangible career pathways and sustainable opportunities. This partnership serves as a natural extension of the mission of SOS Children’s Villages in Senegal. Since the mid-1970s, the NGO has supported children and youth with care, education, and community support across eight regions, emphasising the importance of developing employable and creative skills for resilience and independence.

 

Programme Highlights

This partnership empowers vulnerable youth by giving them more than just technical skills – it gives them confidence and a voice

Designed to deliver measurable long – term impact, the partnership provides targeted training and mentorship for youth and NGO staff. SOS communications teams will participate in an intensive three-day workshop focused on advocacy-driven photography and videography, strengthening their ability to communicate impact through powerful visuals. Youth workshops in Dakar and Kaolack will host 20–25 participants at each site, by the end of the training two chosen students will go on to receive a three-month mentorship with a dedicated Canon trainer to further enhance their skills.  To ensure sustainability, photography clubs across SOS Children’s Villages sites will be established to encourage peer learning, creative collaboration, and continuous skills development.

“This partnership empowers vulnerable youth by giving them more than just technical skills – it gives them confidence and a voice,” said Papa Daouda Diop, National Director of SOS Children’s Villages in Senegal. “Visual storytelling is crucial for our advocacy and fundraising, helping us share the realities our children face and the progress they make. Beyond stronger communications, these skills open new opportunities for employment and independence.”

Building on Proven Success Across Africa

The expansion of Miraisha in Senegal builds on a decade of transformative impact across Africa, where the programme has equipped thousands of young people in photography, videography, and digital storytelling. In Kenya, workshops at KCA University have enabled students to transition into freelance careers and creative entrepreneurship. In Nigeria, street photography sessions in Lagos enabled participants to build professional portfolios that led to paid assignments. In Morocco, collaboration with SOS Children’s Villages strengthened NGO communication channels while opening freelance opportunities for youth. These success stories demonstrate how Miraisha consistently translates creative skills into livelihoods and stronger community communications. Collectively, these success stories highlight Miraisha’s consistent ability to convert creative talent into sustainable livelihoods while strengthening how communities and organisations share their stories.

 

Senegal: A Strategic Focus Market

With over half its population under 25, Senegal faces both promise and challenge. Only 48.2% of youth participate in the labour market, compared to 69% of adults, reflecting persistent barriers to employment and limited access to practical training and skills in the creative industries. NGOs and community groups also require stronger communication tools to advocate and engage donors. Canon’s investment in Senegal directly responds to these interconnected needs, reinforcing the country’s strategic importance as a priority market for its social impact initiatives in 2026.

 

Looking Ahead

Canon’s partnership with SOS Children’s Villages Senegal underlines its ongoing investment in the country’s youth and creative industries. As Miraisha grows in West Africa, Canon aims to serve as a driver of community skills and empowerment. By enabling young people to tell their own stories through visual storytelling, the company is helping unlock pathways to economic opportunity while advancing meaningful social impact across the continent.

Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

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AI-powered measurement enables faster, more responsive decisions but poses transparency and control risks

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WARC

WARC releases The Future of Measurement 2026, exploring emerging trends in media and creative measurement

7 May 2026 – As marketing measurement continues to evolve, WARC, the global authority on marketing effectiveness, has today released The Future of Measurement 2026, a report that explores the latest emerging trends in media and creative measurement. It focuses on three key areas: the shift to outcomes measurement; how AI is moving measurement upstream; and the rise of creative intelligence.

Paul Stringer, Managing Editor Research and Insights, WARC, says: “Marketing measurement is no longer just about understanding what happened, but enabling better decisions about what to do next. Traditional approaches – based on attribution, proxy metrics, and post-hoc reporting – are becoming less relevant. Rapid advances in AI are enabling a more dynamic, continuous optimisation of both media and creative. However, the foundational challenges of transparency, governance, and data quality need to be addressed.

“This report explores the key trends shaping this new era of marketing measurement highlighting the fundamental questions and decisions that marketers need to act on.”

Key trends set to shape the measurement landscape over the next 12 months are:

Outcomes measurement gathers pace

Media is increasingly bought against outcomes, driven by greater access to data, digital platforms, and ROI pressures. But the ability to measure and optimise against them is developing unevenly across the ecosystem.

Digital platforms are embedding real-time, outcome-based optimisation directly into their advertising systems, while legacy media are still evolving from an audience-based measurement towards proving their impact using experiments and advanced modelling techniques. The result is a two-speed measurement landscape converging on the same goal: incremental growth.

With no single system providing a complete picture, and a lack of trust and transparency in data and attribution, particularly within digital platforms, marketers are advised to make independent validations and take a cross-platform approach that combine multiple data sources and insights to support better marketing investment decisions.

AI moves measurement upstream

Artificial Intelligence (AI) is primarily being used in measurement to automate data collection, cleaning and normalisation before human interpretation. It can also significantly increase the frequency of testing and modelling for advertisers.

AI promises to move marketing measurement upstream, from a reporting output into ‘decision system’ that supports more dynamic planning and optimisation.

Marketers are rightfully excited about its potential. However, without rigorous, independent validation, AI-driven measurement risks becoming a black box for budget allocation, producing outputs that may appear credible but are not transparent or reliably grounded in true causal signals.

The rise of creative intelligence

Creative quality is a key driver of advertising effectiveness, yet it remains undervalued and undermeasured by marketers making it harder to justify investment. This is changing thanks to advances in AI and machine learning.

Marketers are building creative intelligence capabilities, an integrated system that allows them to measure and optimise creative at scale. This enables them to forecast asset performance ahead of launch, continuously optimise creative assets in real time for engagement and effectiveness, and measure the true impact of creative on commercial outcomes.

However, creative intelligence faces several barriers to adoption, such as poor data quality and a lack of resources. It also demands a closer integration across people, processes and technology – particularly creative and media.

Marketers are advised to unify disciplines and workflows so creative and media work as one operating system. Investing in platforms that support end-to-end creative activation, optimisation, and measurement will be essential. Piloting is expected to begin with social channels, where creative data is easily accessible and closely linked to performance.

The Future of Measurement 2026 report is available to WARC subscribers. A WARC podcast will be available from 12 May.

The insights for The Future of Measurement report are based on a combination of exclusive data from WARC and external research studies and reports. It is part of WARC Strategy’s Evolution of Marketing, series of in-depth forward-looking reports on the marketing discipline through evidence-based insights and emerging trends, technologies, and other drivers of change.

 

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Polygon launches first full-scale Display & Video (DV) campaign in Nigeria, marking a new milestone for data-driven outdoor in Africa

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Polygon

The campaign is currently live across Lagos, with screens strategically positioned in high-traffic roadside environments

CAPE TOWN, South Africa, May 7, 2026/APO Group/ –Polygon (https://PDOOH.co.za), Africa’s largest aggregated programmatic digital out of home (pDOOH) publisher network, has announced the launch of its first full-scale Display & Video 360 (DV360) campaign in Nigeria; a milestone that highlights the growing maturity of pDOOH across the continent.

 

The campaign, executed in Lagos State for Schweppes, represents the first time a Google-based enterprise media buying platform has been used to deliver a pDOOH campaign at scale in Nigeria. It also marks Polygon’s first fully realised campaign in the market, following a series of earlier test runs.

 

At the centre of the campaign is a highly localised dynamic creative optimisation (DCO) approach, which sees the development of more than 500 unique creative executions, each tailored to the precise location of a billboard and its surrounding retail environment. Consumers are served context-specific messaging that directs them to nearby Schweppes stockists, with copy dynamically calling out store names and proximity – for example, “Get yours at Sessy and Folly Enterprises – just 140m away!”

 

Says Remi du Preez, Managing Director at Polygon: “This campaign is an exciting example of where the medium is heading in Africa, as we move beyond static messaging into something far more responsive and relevant.”

 

The campaign is currently live across Lagos, with screens strategically positioned in high-traffic roadside environments. Polygon’s infrastructure enabled the geofencing of retail locations within a defined radius of each screen, ensuring that messaging remained locally relevant and actionable. The campaign roll-out also saw the use of one of West Africa’s largest digital screens – a 600sqm large-format site – creating an even greater sense of presence for the brand.

Programmatic DOOH in Africa is now fully operational, scalable and delivering at a global standard

 

Beyond its immediate impact, Du Preez says the campaign serves as a broader proof point for the African market. “Programmatic DOOH in Africa is now fully operational, scalable and delivering at a global standard. What we’ve demonstrated here is that markets like Nigeria can support geo-targeted, data-driven, dynamic campaigns in the same way more mature markets do. The infrastructure works.”

 

He adds that unlocking new markets often depends on early adopters willing to test and learn, but that success tends to accelerate momentum quickly. “In every new market, you need a client that’s willing to lead. Once that first campaign proves itself, confidence follows – and we’re already seeing increased interest from advertisers looking to enter the Nigerian pDOOH space.”

 

Polygon currently has access to the majority of roadside DOOH inventory in Nigeria, spanning key urban centres including Lagos, Abuja, Port Harcourt, Ibadan and Kano,  positioning the network to scale future campaigns rapidly.

 

Du Preez says that this latest campaign forms part of Polygon’s broader strategy to build a unified DOOH ecosystem across Africa, offering advertisers a single point of entry into a fragmented but rapidly evolving media landscape.

 

“And now – by linking media exposure to real-world proximity and behaviour – we’re moving closer to bridging the gap between brand and performance in OOH, which is something advertisers have wanted for years,” concludes Du Preez.

Distributed by APO Group on behalf of Polygon.

 

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