Tech Financials Posts Nil Revenues for H1 2025, Seeks Expansion in Kenya via Iron Ore Project
TechFinancials, the technology and natural resources investment company, has reported no revenues for the first half of 2025, reflecting the challenges it faces in restructuring its business model and diversifying operations. The firm, previously focused on fintech solutions and blockchain ventures, is now betting on a pivot toward natural resources, with Kenya emerging as a focal point for its growth ambitions through a new iron ore exploration and development initiative. In its half-year financial statement, TechFinancials confirmed that revenues remained at zero, consistent with its recent shift away from its legacy technology products. The company attributed the lack of revenues to ongoing strategic realignment, as several of its earlier ventures were wound down or placed under review. At the same time, administrative and operational costs continued, contributing to net losses, though management emphasized that these were necessary expenses to support its transition strate...