- The size of an average mortgage loan has grown by 25 per cent over the last decade, raising concerns about affordability for low- and middle-income earners.
- The ministers rooted for the establishment of AU financial institutions, including the African Monetary Institute and the African Financial Stability Mechanism.
- eCommerce platforms understand that to keep customers hooked, you need to strike while the iron is hot and make the buying process as smooth as possible.
- Tourism and Wildlife Cabinet Secretary Rebecca Miano has pledged to fast-track strategies aimed at unlocking the immense potential of Kenya's tourism sector.
- The Kenya Police Sacco is facing growing discontent among its members, who are demanding the resignation of the organization's top officials over allegations of mismanagement.
- mTek, a Kenya-based digital insurance platform, has teamed up with BuuPass to offer travel insurance coverage for travellers against any travel-related damages.
- The United States (US) and asset financier Mogo have reaffirmed their commitment to supporting Kenya's efforts in transitioning to electric mobility (e-mobility) as a shared priority.
- KenGen is planning to build a battery energy storage system that will store excess energy from its geothermal power plants in Olkaria to be used when demand goes up.
- Given the significant number of young people accessing the internet and social media, there lies a huge potential to harness digital pathways for sustainable development.
- Kenya is among the countries in the continent that are eligible to access duty-free markets in the US through the Africa Growth Opportunity Act (Agoa) with a range of 6,400 products.
- Amazon founder Jeff Bezos has been investing through his personal venture fund, Bezos Expeditions, in Ghanaian fintech Chipper Cash for the past four years.
- Between July and August 2024, the training brought together over 110 participants (nearly 50 per cent female) from across seven participating EAC countries.
- The report says the government spent Sh14.45 billion to import over 2.8 million 20-litre jerrycans of edible oils out of which only Sh12.05 billion was paid.
- Mobius Motors may have also suffered access to capital from investors that has been drying up for companies in developing markets as investors take their money to the US.
- The agency said one of key witnesses in the case is retired, while the other one is out of Nairobi. It last year sought to have a businessman Antony Odiero's accounts frozen.
- Kenya stands to benefit more from the African Continental Free Trade Area if it puts in place a national addressing system which a think tank notes will also reduce the cost of doing business.
- Federation of Kenya Employers says KRA had not adjusted its tax systems to reflect the ruling by the Court of Appeal despite the refusal by the Supreme Court to issue stay orders.
- The government has been urged to urgently foster an enabling environment for digital innovation and entrepreneurship among the youth, popularly known as Gen Zs.
- The ongoing pivot to large-scale emissions reduction and improved sustainability, which has quickly emerged as a global priority on the road to net zero adds complexity to Africa's energy future.
- Latest CBK data shows approximately 68 per cent of Kenyans are using mobile money services, with the total value of mobile money transactions in Kenya reaching 56.8 per cent of the GDP.
- Supreme Court Judges Philomena Mwilu, Mohammed Ibrahim, Smokin Wanjala, and Isaac Lenaola unanimously found the court had no powers to hear the case filed by Krystalline Limited.
- Project is designed to build capacity in crucial domains such as robotics, machine learning, and AI, with a focus on education equality, to transform knowledge into resilient ownership.
- The EPA agreements remain the most emblematic of Kenya's enthusiastic embrace of trade liberalisation and acceptance of the inevitable tide of trade.
- Guidelines requires banks to strengthen transaction monitoring and reporting processes with the official go-live date for the PoP code implementation yet to be communicated by the CBK.
- A majority of European cities have huge populations but due to an extremely effective public transport system, there is little congestion and few delays.
- The State Department for Public Works has agreed to have construction managers recognised in the law alongside other professionals in the building sector.
- The construction of the Sh3.25 billion Busia County Export Processing Zone (EPZ) project at Nasewa is at an advanced stage and will be completed by the end of October this year.
- Elon Musk's X sued an advertising group and several large corporations on Tuesday accusing them of causing billions of dollars of losses by "illegally" boycotting the social media platform.
