Kenya's Cyber Attacks Rose by 16.5% Between April and June
Between April and June this year, the Kenyan Cyber space recorded more than 1 billion attacks compared to the 971.4 million threats recorded in the preceding quarter. Malware attacks fell [...]
Uganda Signs SGR Deal with Turkish Firm
The government of Uganda has signed a US$2.95 billion deal with a Turkish company Yapi Merkezi to construct a 272-kilometer section of the Standard Gauge Railway (SGR) on Monday. [...]Ethiopia's Central Bank Imposes New Policy on FX Spreads, Commission Fees
The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads in their daily posted rates to enable transparency. “It is [...]After Fare Hike, Bolt Seeks Long-Term Solutions
Ride hailing App Bolt has kicked off the search for long-term solutions to solve the business disruptions occasioned by drivers striking over rates charged on the platform. “Most of these [...]Central Bank of Kenya Upgrades to Global Standard for Bulk Payments
The Central Bank of Kenya (CBK) has migrated the Kenya Electronic Payment and Settlement System (KEPSS) to the Global Messaging Standard (ISO20022 Standard). “The milestone of this migration is a [...]Glaring Gender Gap Rocks Postal and Courier Industry-CA
Employment in Kenya’s postal and courier business is heavily skewed towards men, whose numbers have been more than double that of women since 2020, according to the Communications Authority of [...]CEOs Lament Q3’s Constraints to High Credit Costs, Low Consumer Demand- CBK Survey
A survey by the Central Bank of Kenya (CBK) reveals that only 34.4% of CEOs believe their companies recorded growth in Q3, while 19% of them stated the opposite. “A [...]Central Bank Clears JPMorgan to Set Up Office in Nairobi
The Central Bank of Kenya (CBK) has authorized JPMorgan Chase Bank, the largest bank in the US, to establish a regional representative office in Nairobi, Kenya, just days before CEO [...]Safaricom's M-PESA Market Share Drops, Airtel Gains Marginally-CA
Airtel Networks gained its market share in mobile (SIM) and broadband subscriptions while Safaricom lost in both areas, according to the Communication Authority of Kenya (CA) fourth quarter statistics report [...]Power Prices to Rise Slightly in October- Regulator
The Energy and Petroleum Regulatory Authority (EPRA) has indicated that electricity costs for October will slightly rise after the foreign exchange fluctuation adjustment rose to 114.89 cents per kWh from [...]Starlink Kenya Subscribers Grow Nearly 2000% in a Year
Satellite data subscription grew by 1,955.3% after the licensing and launch of Starlink Internet Services Kenya in July 2023, a new report by the Communications Authority (CA) shows. Unlike traditional [...]Kenya, Italy to Revive Space Center, Partner on Launches
Kenya and Italy will revive the Luigi Broglio space center in Malindi to launch earth observation satellites, Adolfo Urso, Italy's industry minister said at a press conference on Sunday. The [...]
