Safaricom’s Pochi la Biashara's Usage Doubles Amid Reversal Fears
The number of Pochi la Biashara tills more than doubled in the 6 months to September, to 869,020 from 405,200 as of September last year. The ‘no reversals without consent’ [...]
Safaricom's Profits Dip By 18% on Ethiopia’s Currency Depreciation
Safaricom Plc's half year profits declined 17.7% to KSh 28.1 billion from KSh 34.1 billion on account of the 106% depreciation of the Ethiopian Birr. “Despite the impact of foreign [...]Safaricom to Provide Free Mobile Data for Uber Users
Ride-hailing platform, Uber, will subsidise data costs for its customers and riders after Safaricom zero-rated the app, following a partnership between the two companies. “As a global company that operates [...]State Revives Kenya Sugar Board to Revitalize Ailing Industry
The government has resurrected Kenya Sugar Board through the enactment into law Sugar Bill 2022 in a move aimed at breathing life into the ailing sector. The Kenya Sugar Board [...]Naivas' Full Year Profits Decline by 19.6% to KSh 1.9 billion
Naivas posted a KSh 1.9 billion in profit after tax for the year ended June 2024 a 19.6% decrease from KSh 2.3 billion reported in the same period in [...]Spiro Kenya Sells Over 1,500 Electric Bikes in a Year, Expands to Eldoret
Spiro, the largest EV assembly line in Africa, has sold over 1,500 electric bikes in Nairobi and Mombasa since September last year. If you look at the general behavior of [...]How Lower Demand, FX Distortions, Botched Kenya’s Oil Importation Deal with the Gulf
Kenya may be forced to pay Gulf oil companies ‘contingent liabilities’ after failing to honour minimum import volumes agreed upon in a government-to-government deal signed last year, the IMF said [...]5 Must-Visit Hotels in Kisumu for an Unforgettable Stay
Kisumu boasts a unique blend of natural beauty and luxury hotels. The third-largest city in Kenya, Kisumu, is steeped in centuries of history, culture, and commerce. Its name originates from [...]
EAC Validates Harmonized Data Governance Framework
EAC member states are set to move forward with the implementation of a harmonized data governance system following the validation of a regional policy framework. “Data is at the heart [...]Kenya’s Private Sector Growth Recovers in October Stanbic PMI Report
Business conditions in Kenya improved in October amid an increase in demand and output levels with employment bouncing back to the expansion territory, the latest Stanbic Purchasing Manager Index (PMI) [...]IMF Reaches US$11 Million Agreement with The Gambia
The International Monetary Fund (IMF) has reached a staff-level agreement to provide US$11.04 million to The Gambia, subject to approval by the IMF Executive Board. “Continued policy discussions mainly focused [...]Travelers to Declare Mobile Devices Details Beginning Next year
Travellers entering Kenya will be required to declare details of their mobile phones and other devices at points of entry, the Kenya Revenue Authority has said. “The public is therefore [...]
