Business

28 February 2024 - Kenya’s third president – the late Mwai Kibaki, is well known for his role in Kenya’s economic transformation. He was not a perfect man, and this is not a piece seeking to eulogise perfection, but rather one that seeks to highlight how his tactics…

28 February 2024 - Recent figures provided by the UK’s Department for Business and Trade factsheets reveal that as of Q3, 2023, the total trade in goods and services between the UK and Nigeria reached £6.7 billion. This indicates a rise of £136 million compared to Q3…

28 February 2024 - NAIROBI, Kenya, Feb 28 – A recent survey conducted by the Centre for Human Rights and Policy Studies (CHRIPS) has exposed the harsh realities of insecurity and conflict in Nairobi’s urban slums of Kawangware and Korogocho. CHRIPS, an international…

28 February 2024 - VALLETTA, Feb. 28 (Xinhua) — EU+ countries — the 27 EU member states plus Norway and Switzerland — received 1.14 million applications for international protection last year, reaching a seven-year high, according to a report issued by the Malta-…

28 February 2024 - NAIROBI, Kenya, Feb 28 – The government intends to capitalize on the upcoming Berlin ITB Exhibition to market Kenya as a top tourist destination. The exhibition, which will happen between March 5th and 7th in Germany’s capital, is an annual global…

28 February 2024 - Handshake is creating a social media-style feed for its popular jobs platform for college students, adding video tools for employers to match less buzzy companies with young job seekers—and connect with a generation that lives by the medium. On…

28 February 2024 - Last week I was shamba hunting in the depths of Ruai. Yes, I am one of those people who are still very sold to the kaploti, you can’t go wrong with a kaploti somewhere, anywhere gospel. Tell me about a kaploti going for a ‘deal’ and I will be…

28 February 2024 - I was recently in conversation with one of my would-be mentees and I just couldn't help but laugh at the fact that they were insisting on making the same mistakes I did. Well, I wasn’t exactly laughing at them however amused I was at the absurdity…

28 February 2024 - Forty Digital Credit Providers (DCPs) are under investigation over claims of breaching data privacy laws following complaints from customers. This comes at a time when digital lenders have come under the supervision of the Central Bank of Kenya…

28 February 2024 - Read the transcript of President William Samoei Ruto from earlier today during the opening of the 13th Parliament where he laid out his administration's legislative agenda that largely stuck to his "bottom up" economic model agenda on empowering…

28 February 2024 - President William on Tuesday, September 27, named his nominees to the cabinet exactly two weeks after his swearing in on August 13. President Ruto did not retain any serving CS from the immediate former President Uhuru Kenyatta administration while…

28 February 2024 - Just about 9 months since the launch of the financial inclusion fund, Hustler Fund, over Ksh33 billion has been disbursed to some 17.2 million Kenyans with over Ksh10 billion currently outstanding. Kenyans holding about Ksh3 Billion of this…

28 February 2024 - Ana analysis of data from the Kenya Universities and Colleges Central Placement Service (KUCCPS) shows that a staggering 104 academic programmes offered by Kenyan universities only attracted a maximum of 10 students each. Some of these degrees had…

28 February 2024 - “I would like to persuade this committee not to bring back the interest rate caps. It has been a disaster. If you bring back that law, it will be a disaster to the economy,” CBK Governor Dr Kamau Thugge remarked while responding to Baringo MP…

28 February 2024 - My 20s were an incredible phase of my life. I came to Nairobi a few days after entering the second floor. I had a relatively easy life studying because, in my second year on campus, I started earning some income as a freelance writer. 

28 February 2024 - Defaulting hustlers can withdraw savings earlier than "good" Hustler Fund borrowers, Safaricom reduces the cost of postpaid and monthly plans but removes minutes rollover while from January bank to mobile money transfer charges resume after 34…

28 February 2024 - If all Ksh50 billion of the Hustler Fund went to the 14-day consumer loan product at 8% per annum product we’ve heard about, the Hustler Fund would need to achieve an astounding 99.7% repayment rate on each 14 day-loan cycle to stay afloat.

28 February 2024 - Following the official launch of the Hustler’s Fund by President William Ruto on the afternoon of Wednesday, November 30, 2023, Kenyans can now apply for the funds also known as the Financial Inclusion Fund from the comfort, convenience and privacy…

28 February 2024 - President William Ruto has promised to start the Ksh50 billion annual hustler fund on December 1, 2022. The funds will be made available to individuals, groups and small enterprises at a one-digit interest rate of 8% per annum.

28 February 2024 - Comprehensive insurance is a mandatory requirement for one to qualify for motor vehicle purchase financing as well as logbook loans in Kenya. One of the biggest reasons that people take out auto financing is to start or support income-generating…

28 February 2024 - Are you looking for a government job, either to change careers, get new experience, or earn a better pay? Are you looking for some foundational work experience, too? Well, this article provides a roundup of open employment opportunities in…

28 February 2024 - Nairobi, Wednesday, October 26 - Full intentional disclosure of all costs associated with loans and clear communication of loan terms to potential borrowers is at the core of improving loan repayments and access to finance.‍ This is according to…

28 February 2024 - Several African countries depend on China as their main technology provider and sponsor of large digital infrastructural projects.

28 February 2024 - Walking the investment journey in a fraternity pays higher dividends than doing it yourself.

28 February 2024 - NAIROBI, Kenya, Feb 28 – Tatu City has announced a partnership with AAR Healthcare Limited in a three-year school deworming program in six government primary schools in Kiambu County. According to the sustainability and corporate partnerships…

28 February 2024 - The one downside to having the Impreza is that it can have high fuel consumption especially when you have a heavy foot like myself. I like speed and acceleration has a negative effect on consumption. When in the city, I get 7-8.5 kilometres per…

28 February 2024 - International tourists will also affected by the new prices, as the cost of the daily park fee for foreigners will hike from Ksh10,500 ($70) to Ksh30,000 ($200) during the peak season (July 1 - December 31st. This is the period when the wildebeest…

28 February 2024 - We are thrilled to announce that Money254 has been nominated for the Best Mobile App Awards 2023, under the Best Savings and Goal Tracking App category. Now, we need your help us secure this award! 

28 February 2024 - See Kenya's fastest logbook loans in October 2023. Compare and apply online for 7 logbook loans approved in less than 24 hours.

28 February 2024 - From a new law allowing Treasury to sell government-owned firms without seeking Parliamentary approval, to a 48% rise in bad loans originating from the manufacturing sector amid business closures, to record revenue increase from e-Citizen and…

28 February 2024 - On Money Weekly this week, KRA announces a tax amnesty that lasts till June 2024, e-auctions mean importers need to clear goods faster, President Ruto directs ministries to cut spending by 10%, loan defaults hit 16-year high as the CBK defies…

28 February 2024 - The Zenka Digital loan is super quick to get, usually taking about a minute or less to arrive. This makes it ideal for use in emergency situations where money is needed urgently. Some of the examples include medical emergencies, urgent car repairs…

28 February 2024 - If you are planning on moving to Australia through a study visa route but with the primary motive of securing employment, you may want to reassess the viability of your plans following the latest changes in Australian immigration rules that seek to…

28 February 2024 - Tiktok to launch Kenya offices after meeting President Ruto, get ready for costly mitumba if new tax proposal is adopted, 'Mama Pima' affordable edible oils dispensers hit the market, CS Kindiki declares Nyayo House a 'crime scene', new salaries of…

28 February 2024 - The president of Ghana Nana Akufo-Addo has confirmed that the country’s deal with the International Monetary Fund will remain unaffected despite the change in the office of the finance minister. He said that Finance Minister, Ken Ofori-Atta's…

28 February 2024 - In ancient Egypt, people would gather to “shower” an expectant mother with gifts and affection to celebrate a new life. Since then, the practice has spread to different cultures ensuring that mothers receive advice, gifts, and other necessary…

28 February 2024 - The Kenya Revenue Authority has been barred from collecting the 1.5% Housing Fund Levy from salaried workers by the High Court terming the levy as constitutional and irrational. This comes a day after the 2.75% Social Health Insurance Fund (SHIF)…

28 February 2024 - Barely a week after President William Ruto revealed the government’s commitment to sell off at least 35 state corporations, the National Treasury has announced the first 11 government-owned companies set to be privatised. Head of state says another…

28 February 2024 - Through this partnership, more Kenyan consumers will be enabled to compare and purchase insurance policies directly from the mTek app at no extra cost, compare insurance policies to get the best option based on their unique needs and also file…

28 February 2024 - Money254 has been recognised as the best mobile app in Kenya’s Savings and Goal Tracking category. The recognition was made at the Mobile Apps Award held on Thursday evening, November 2023, where Money254 bagged the gold award at a colourful award…

28 February 2024 - Education CS Ezekiel Machogu on Thursday, November 23, released the results of the 2023 Kenya Certificate of Primary Education (KCPE) examination. The CS announced that the top student scored 428 marks. A total of 1,415,315 candidates enrolled for…

28 February 2024 - The KCB Group has reported a Ksh30.7 billion net profit for the nine months leading up to September 2023 up from the Ksh30.6 billion profit posted over the same period in 2022. This coming from a strong growth in Quarter 3, 2023, where the group…

28 February 2024 - In today's money brief: World Bank grants a Ksh1.8 trillion loan, government allocates funds to stabilize milk prices, Kenya Power authorised to recover Ksh6.5 billion from consumers, Posta's salary crisis addressed by Parliament and a new report…

28 February 2024 - From the news that EPRA could be doubling the Petroleum Regulatory Levy further increasing the cost of fuel and electricity, to the new battleground between KRA and lawyers over client cash held in banks, plus details of diaspora remittances and…

28 February 2024 - From the mandatory SHIF registration, to the revelation that the Govt has cut subsidies to a trickle and the invitation to share your view on the hiked fees to access government services plus lower calling rates are coming next year as well as…

28 February 2024 - I have a substantial report to give on the progress made in fulfilling this solemn covenant, and that the journey of transforming Kenya for the benefit of present and future generations is fully underway. Its positive effects have also begun to…

28 February 2024 - Senegal's political, religious, and civic leaders have suggested holding presidential elections on June 2 as a solution to the recent weeks of instability in the West African nation.

28 February 2024 - SEOUL, Feb. 28 (Xinhua) — South Korea’s births hit a record low last year amid lingering worry about continued slide in the country’s population, statistical office data showed Wednesday. The number of newborn babies retreated 7.7 percent over the…

28 February 2024 - NAIROBI, Kenya, Feb 28 – Kenya has won the bid to host the 2024 Transform Africa Summit (TAS) convened by the Smart Africa Alliance, a Pan-African agency for ICTs. The announcement of Kenya’s win was made yesterday evening by Doreen Bogdan-Martin,…

28 February 2024 - NAIROBI, Kenya, Feb 28 – Energy Cabinet Secretary (CS) Davis Chirchir has revealed that Kenya has imported 200 megawatts of renewable energy from Ethiopia, coming at a time when the country is looking to fully embrace clean sources of energy.…