Business

Insurance Customers Record Highest Cashout in 2-years Amid Country’s Economic Hardships

Insurance customers in Kenya withdrew Sh13 billion from their policies in 2023, marking the highest cashout in two years and…

1 year ago

SANY Unveils Africa’s Largest Solar-Storage-Diesel Microgrid

SANY Silicon Energy has launched Africa's largest mining-focused microgrid power project in Zambia, featuring a 13 MWp solar photovoltaic system…

1 year ago

How Multichoice and Moment Are Transforming Africa’s Digital Payments Ecosystem

Following its successful launching in 2024, MultiChoice Group's Moment has stood up as Africa's evolving digital payments landscape, processing 35%…

1 year ago

Kenya’s New Collection System Boosts Revenue by Sh.18.5 Billion

Kenya's implementation of a single paybill system (222222) for government services has significantly bored fruits, bolstering its revenue collection by…

1 year ago

CA Proposes New Regulations for Satellite Communication Service Providers

The Communications Authority of Kenya (CA) has proposed new regulations that would require satellite communication service providers, including Starlink, to…

1 year ago

Mass Closure of Companies Now Raise Concerns on Unemployment Rate

Mass closure of companies amid rising unemployment in Kenya, now reflects deeper structural challenges in the country's economic fabric, which…

1 year ago

Uncertainty Hit World Stock Market at New Year Due to Concerns Over Trump’s Policies

Global stock markets have started 2025 with uncertainty and volatility, primarily due to concerns over incoming U.S. President Donald Trump's…

1 year ago

Museveni Calls For East African Common Market For Regional Wealth Creation

Ugandan President Yoweri Kaguta Museveni has asked East African states to establish an effective Common regional Market to drive for…

1 year ago

How Emergence of Starlink Sparked Improvement on Internet Speed in Kenya

Elon Musk's Starlink entry in Kenya has sparked competitive improvements among local internet providers, allowing Kenya to fix its internet…

1 year ago

Kenya Leads East African States Recording Highest Diaspora Remittances

Kenya leads East African states in terms of diaspora inflows, receiving $4.8 billion in 2024. Somalia follows by $1.73 billion…

1 year ago