Gov't to Monetize Health Data in New Regulations
Medical researchers are set to face hefty costs in accessing health data under the new insurance scheme if the new set of regulations under the Digital Health Act are approved. [...]
Nairobi, 9 Other Counties, Spent Nothing on Development in Q1 24/25 -Controller of Budget
Nairobi is among ten counties that did not report any expenditure on development programmes in the first quarter of the Financial Year 2024/25, covering July to September 2024. Kirinyaga and [...]Spotify Reports 93% Growth in Local Consumption of Kenyan Music
Afropop musician Bien Aime Barasa has emerged as the ‘most streamed’ Kenyan music artist on streaming platform Spotify, solidifying his dominance in driving local music consumption up 93%. “Kenyan music [...]Kenya’s Private Sector Activity Rises to 6-Month High in November- Stanbic PMI
Kenyan firms saw improvement in business conditions in November, marked by improved sales as demand for goods and services increased amid stable employment, the latest Stanbic Purchasing Manager Index (PMI) [...]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 [...]Airtel Money Partners with Chinese Company Running the Nairobi Expressway
Airtel Money will collaborate with the Moja Expressway Company, the Chinese firm that manages the Nairobi Expressway, to introduce the mobile money service as a payment option for toll fees. [...]Central Bank Admits Four New Monetary Policy Committee Members
The Central Bank of Kenya has admitted 4 new external members to the Monetary Policy Committee (MPC), after delays as the terms of other 4 existing members expired in August. [...]Relief for Banks as Parliament Proposes Extending Core Capital Hike to 8 years
The National Assembly's Finance and Planning Committee has proposed to extend the period that commercial banks will raise their core capital to at least KSh 10 billion from three to [...]CS Mbadi Turns the Heat on Banks on Borrowing Costs
The government is worried about deteriorating financial health of many Kenyans despite positive economic fundamentals, Treasury and Economic Planning Cabinet Secretary (CS) John Mbadi has said. “We are no longer [...]Education Sector Leads In Individuals Earning More than KSh 100,000 KNBS
More than 89,000 workers in the education sector earned more than KSh 100,000 per month in 2023, compared to 81,000 workers in 2022 according to the latest data from [...]Top Digital Banking Apps in Kenya
From the introduction of M-Pesa in 2007 to the rapid rise of digital banking apps, the industry has consistently adapted to meet the evolving needs of its customers. Today, banking [...]
Oikocredit Capital Hits Ksh30Bn, Marks 30 Years
Social impact investor Oikocredit’s outstanding capital in Africa reached Ksh30 billion in 2023 with the investment targeting projects that address critical challenges like access to clean energy, financial inclusion, and [...]
