Close to 1.7 million Kenyans were rendered jobless between April and July. The onset of the Covid-19 pandemic violently shook businesses the way a powerful storm buffets ships in the high seas. Many of them – particularly small and medium-sized enterprises (SMEs) with very little working capital as well as big establishments in hospitality, aviation, […]
Investors on the Nairobi Securities Exchange #ticker:NSE (NSE) have lost Sh146 billion in paper wealth over the last two weeks as demand for stocks slumped amid shifting preference for the government’s tax-free infrastructure bond. The NSE market capitalisation declined from a high of Sh2.93 trillion mid-August to Sh2.78 trillion at the close of trading Monday […]
India has emerged as a leader in digital payments, with a manifold increase in such transactions in recent times. There are not many countries that allow digital transactions worth as low as one rupee. The Universal Payments Interface (UPI), which was launched in 2016 to allow payments round the clock 365 days a year, has […]
Nelson Gaichuhie, CAS The National Treasury and Planning and John Gachora, the NCBA Group Managing Director during the launch of NCBA 2020 Economic Outlook Report at Radisson Blu Hotel Nairobi The shutting down of several branches in Kenya due to Covid-19 on reduced business activities has seen NCBA bank relegated lender to the fourth position […]
Share Share on Pinterest Share on Facebook Share on Twitter Contec , a Korean startup, is working to revolutionize the space sector by providing holistic solutions for downstream data transmitted through satellites. The company applies AI-based detection and change detection methods in satellite imagery analysis and application. Contec is tasked as an end-to-end service provider […]
Maxine Wahome (Left) and Managing Director M-PESA Africa, Sitoyo Lopokoiyit (Right) during the Safaricom sponsorship announcement to Maxine Racing Team and unveiling of the car at MJC. Safaricom has announced a Ksh. 1 Million sponsorship for rally driver Maxine Wahome ahead of this weekend’s Kenya National Rally Championship rally in Voi. Maxine, alias the “riding […]
Safaricom Skiza Advertising Safaricom has announced that artists and content creators on the Skiza Platform will now earn 33% more. Artists will now make 43 cents for every shilling earned on the platform, which is up from the previous 16 cents per shilling. This comes after callback tunes were exempted from excise duty . With […]
Skills like risk mitigation, strategic communication, innovation, and emotional intelligence are critical. As Kenyans recently debated the Court of Appeal ruling on the Building Bridges Initiative (BBI) , an interesting argument was raging in the National Assembly. The house is currently discussing a slew of proposed amendments to the Kenya Roads Bill, 2021. One of […]
Image: Shutterstock As a listed Pan-African equities portfolio manager, I am fascinated by the enormous amount of private capital that African financial inclusion (fintech) companies have attracted over the last five years. Venture investors have, mostly, paid no heed to the most common risks cited by South African institutional investors such as currency stability and/or […]
Mumias Sugar Company. [Mumo Munuve, Standard] As the prevailing market conditions sucked the sweetness out of the cane, so was life in Saccos affiliated to Mumias Sugar Company in Kakamega County, leaving members with the bitter taste of bagasse in their mouths. By 2019, Sukari Sacco Society Ltd was one of the three whose licenses […]
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