Kenyans Avoid Chamas as Source of Financial Advice -FinAcess Survey
Kenyans are shifting away from informal, community-based sources such as chamas for financial advice, instead seeking advice from family/friends or self-consultation. “Group/Chama usage has almost disappeared in 2024, reflecting a [...]
Africa's Financial Future Needs Radical Reform
Africa's financial future is shaped not just by traditional western-led institutions but also by emerging partnerships with eastern and BRICS-led financial groups. While these new partnerships offer hope, African nations [...]Investing in Agriculture in Africa Has an Information Problem
Agriculture employs the most people in Africa and contributes 30—40% of gross domestic product. Its apparent importance notwithstanding, the practice of and investments in agriculture in Africa suffer the most [...]
The Fierce Urgency of African Energy Banks
The AEC is calling upon African states and the private sector to fund the African Energy Bank, an institution which is focused on funding African energy projects. For more than [...]
Bankers Push for Further Rate Cuts by the Central Bank
Bankers have urged the Central Bank of Kenya (CBK) to further cut its benchmark rate at its final Monetary Policy Committee (MPC) meeting of the year on 5th December 2024. [...]Artificial Intelligence Will Add $2.4B to Kenya's Economy by 2030- Report
Artificial intelligence (AI) holds immense potential to transform Kenya’s economy and could add $2.4 billion to Kenya's economy by 2030, according to a report by Public First (Digital Opportunity of [...]Visitors Arrivals in Key Airports Fell in September-KNBS
The total number of visitor arrivals at Jomo Kenyatta International Airport (JKIA) and Moi International Airport (MIA) fell from 175,113 in August 2024 to 144,996 in September 2024, the latest [...]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 [...]
