Kenyans Cut Down on Personal Websites as Uptake Drops by 25%
Kenyans cut down on online visibility in the last three months of 2024, with the number of personal websites registered under the me.ke subdomain declining by 24.6% during that period. [...]
Lawyers, Real Estate Agents Abetting Kenya's Money Laundering Networks
Kenya's efforts to curb money laundering face a tough challenge from designated non-financial businesses and professions (DNFBPs) — lawyers, real estate agents, and notaries — who operate in a regulatory [...]Africa Climate Summit Management Fails to Account for Millions
The Auditor-General has queried the accuracy of the expenditure of millions of shillings in the Africa Climate Summit hosted in Nairobi two years ago, after the event's management used donor [...]Kenya Meth Lab Bust Reveals Mexican Cartels' Expanding Operations
Kenya shut down a meth lab in Namanga in September last year—based on US intelligence—uncovering the first confirmed large-scale operation by Mexican Cartel de Jalisco Nueva Generación (CJNG) in East [...]Standard Chartered Kenya Increases Dividend by 55% as Profit Surges
Standard Chartered Bank Kenya will pay shareholders a total dividend of KSh 45 per ordinary share—55% higher than 2023—after reporting a 45% leap in net profit for 2024 to KSh [...]Roam, 4G Capital to Offer Financing for Electric Boda Bodas
E-mobility company Roam has partnered with neobank 4G capital to offer electric motorcycles at affordable rates, in an initiative backed by MasterCard Foundation. This partnership aligns with our vision of [...]
Smartphone Use Rises as Mobile Phone Penetration Hits 139.8%
There are more than 41.4 million smartphones connected to mobile networks in Kenya while feature phone use is declining, data from the Communications Authority of Kenya (CA) shows. “The increase [...]Bolt Bets on 23% Discount to Shake Up Kenya’s Corporate Ride Market
Ride-hailing company Bolt intends to outpace its rivals in Kenya’s corporate transport sector, touting fares that it says are 23% lower than competitors. “Businesses are always looking for ways to [...]Why Family Businesses Should Prioritize Governance and Succession Planning
Family businesses bolster economies, drive growth, create jobs, and shape communities. Family businesses are responsible for over 70% of global GDP and provide 60% of the world’s employment, according to [...]RUBiS Takes Over National Oil in State-Backed Restructuring
In a move aimed to rescue the struggling state-owned National Oil Corporation of Kenya (NOC), the government has handed over more than 99 fuel stations to French energy firm RUBiS [...]
President Ruto Assents to Supplementary Budget
President William Ruto has assented to the Supplementary Appropriation Bill, unlocking funds for various activities in the government for the last quarter of this fiscal year. Parliament Liason Committee chaired [...]Kenyan Startup, Leta, Raises US$5 Million to Tackle Africa’s Costly Logistics
Kenyan logistics technology startup—Leta—has secured US$5 million in seed funding to expand its platform aimed at reducing supply chain costs across Africa, a continent where businesses pay up to four [...]
