E-commerce Sales Up 83% as Consumers take Advantage of ‘Black Friday’
The decision by online merchants to extend the sales period for discounted items from ‘Black Friday’ to ‘Black Friday week’ inclusive of Cyber Monday led to the surge [...]
Uber Kenya Contributed KSh 14bn to the Economy Impact Report
Ride-hailing app, Uber Kenya, enabled gig riders to earn an estimated additional KSh 2.2 billion a year in higher income 37% more than their next best alternative, according [...]Over 80% of African Startup Founders Face Mental Health Issues Flourish Ventures Survey
86% of founders report that building their startups has taken a toll on their mental health, a survey by early-stage venture capital firm Flourish Ventures has found. “Prioritising founder wellbeing [...]KCB Group's 9-Month Profits Surge to KSh 45.8bn
KCB Group posted a KSh 45.8 billion net profit in the 9 months to September, a 49% uptick from KSh 30.7 billion recorded in the same period in 2023. “We [...]Why Kenyans Must Pay More Attention to the Central Bank
Over the past two years, Kenya has witnessed a significant shift in public policy development. What was once an elite-driven process dominated by government bureaucrats is gradually evolving into a [...]Every Kenyan ‘Owes’ KSh 201,439.71
Kenyans are persistently enraged over recent taxation policies and rightly so no human being enjoys paying taxes. The country is currently in debt KSh 10.5 trillion, meaning that every [...]
Counterfeit Electrical Equipment Incur US$600bn Losses for African Manufacturers
Weak intellectual property laws in the continent have precipitated a flourishing US$250 billion industry of counterfeit electrical products, according to a report by CBi-electric. The growing market for these illicit [...]Blame Game as Sudan War Escalates into Global Proxy Conflict
The paramilitary Rapid Support Forces of Sudan (RSF) is putting its enemy, the Sudanese Armed Forces, at the center of suffering of millions of Sudanese claiming they are not committed [...]Kenya's Poverty Rate Edges to 40% KNBS
About 33.2% of urban dwellers in Kenya consumed less than KSh 8,000 per month, while 42.9% of Kenyans living in rural areas spent less than KSh 4,300 per month, comprised [...]Economists Lobby for Shifts in Global Financial Systems to Address Africa's Needs
Economic governance experts at the Second Session on the Committee on Economic Governance in Addis Ababa have lobbied for changes to the global financial system to better address Africa's specific [...]
Female-Led Firms Default Less on Loans in Sub-Saharan Africa- EIB Report
Banks in sub-Saharan Africa are increasing their focus on gender balance in lending with majority of the institutions reporting better loan performance among female-led firms. “Banks continue to report better [...]State Backtracks on Austerity as President Ruto Seeks More Economic Advisors
State House will hire more consultants just months after President William Ruto pledged austerity measures to reduce government spending. The Executive Office of the President State House invites eligible [...]
