NBA Africa, Safaricom Launch Youth Development Program
NBA Africa, an affiliate of the National Basketball Association (NBA), has signed a partnership with Safaricom's MPESA to launch the MPESA Jr. NBA Program. We firmly believe that the association [...]
Low Demand for Office Space in Kenya Limits New Buildings
Despite a strong preference for in-office work, Kenya’s office sector is grappling with oversupply which has resulted in a contraction of planned future developments, a recent analysis by Knight Frank shows. [...]
Govt, World Bank Plan Feasibility Study for Nairobi Rail Expansion
The Kenya Railway Corporation will kick off a feasibility study for the rehabilitation and expansion of Nairobi Commuter Rail Network under the World Bank-supported Kenya Urban Mobility Improvement Project (KUMIP) in April. [...]TransUnion Kenya Partners with FICO to Revamp Credit Scoring
Credit rating bureau TransUnion Kenya has partnered with analytics software firm FICO to enhance its risk assessment framework, enabling lenders to more accurately predict default probabilities and extend [...]Kenya Sources Bulk of New KSh 68.7bn Loans From China
Kenya obtained 15 loans from China Development Bank, making it the main source of the cumulative KSh 68.7 billion the government borrowed from external bilateral and commercial lenders, between September [...]Only a Third of Kenyan Secondary Schools Have a Computer Lab
Kenya's prospects in digital literacy and economic equality may face immense challenges in the future as most secondary schools do not have a computer laboratory, and those who do struggle [...]Activity in Real Estate to Pick Up as Banks Lower Loan Prices
The banking sector is projecting that real estate prices will strengthen in the coming months due to a lower interest climate, renewing hope in a sector that has been hard [...]Diaspora Remittances Dip by 4% in January as Flows from Africa Fall
Remittances from Kenyans in the diaspora dipped to KSh 55.2 billion in January, 4% lower than the KSh 57.6 billion recorded in December 2024, but 3.6% higher than January 2024. [...]New Coastal Mapping Initiative for Kenya Advances Global Ocean Understanding
Victor Vescovo’s marine technology company, Caladan Oceanic, has recently teamed up with TCarta and the Greenwater Foundation to provide Kenya with detailed maps of its coastal seafloor. Oceans cover more [...]
Airtel Money to Refund Bank Transaction Fees as Telco Amps Up Competition
Airtel Money subscribers will get a 100% refund of transaction fees as airtime after transferring money from their bank accounts to the Airtel Money wallet, as the telco moves to [...]Where Venture Capitalists Invested in Africa Last Year
Venture capitalists invested more than US$1billion in fintechs building solutions to cross-border payment barriers, continuing the sector's run as the lead destination of investments in Africa's startup ecosystem. Fintechs dealing [...]Security Concerns Pull Kenyan SMEs Away from Digital Payment Systems
Cash only Small and Medium Enterprises (SMEs) are losing business due to the complexity of and lingering security concerns around digital payment systems, according to the Visa Value of Acceptance [...]
