BUSINESS NEWS
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In Kibera, Kenya, the fintech platform Afribit is pioneering a novel approach to waste management and financial inclusion by utilizing Bitcoin as a payment system.
The initiative addresses both the severe waste disposal challenges within the slum and the financial exclusion faced by many residents…
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Kenya aims to generate one million jobs within two years through a new initiative establishing Digital Media Factories (DMFs) across the country.
Senior Advisor in the Council of Economic Advisors, Moses Kuria, launched the first DMF at Posta House in Nairobi, outlining a strategy designed to boost…
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As Kenya grapples with sluggish growth in its manufacturing sector and explores ways to diversify its economic drivers, tourism has emerged as a promising alternative, garnering support from economic experts and industry leaders.
The discussion, gaining momentum in recent forums, suggests a…
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Kenya’s avocado industry is experiencing rapid growth, transforming the economic landscape for smallholder farmers as global demand for the fruit surges.
In 2024, avocado exports generated $159 million in revenue, an 11% increase from the previous year, reflecting the escalating value of this…
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Geosky Services Limited, a property valuation firm based in Nairobi, has been ordered to pay KSh 450,000 in damages for the unauthorized use of a lecturer’s personal data.
The ruling was issued by Data Commissioner Immaculate Kassait following a complaint from Ayub Odanya Naburi, a lecturer at the…
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Jomo Kenyatta International Airport (JKIA) is solidifying its status as a leading aviation hub, with international passenger arrivals rising by 1.9% in 2024 compared to the previous year, according to the Kenya National Bureau of Statistics (KNBS).
The latest figures reveal that 1,507,836 visitors…
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The Kenyan Cabinet has approved a new duty-free import policy that raises the limit for visitors from Sh50,000 to Sh250,000.
This fivefold increase aims to alleviate conflicts between travellers and port authorities, which have previously stemmed from passengers exceeding the existing duty-free…
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The Kenyan government has introduced a bold strategy in response to soaring fuel costs, which have escalated to Sh14.3 billion.
As part of its 2024 draft policy, the administration is exploring the adoption of alternative transportation methods such as donkeys, camels, horses, and electric vehicles…
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A recent report has revealed that a mere two percent of the workforce relies on private cars for travel to work.
In urban areas, six percent of workers opt for private vehicles, compared to just 1.4 percent in rural regions. According to the Kenya Housing Survey, the transportation modes reveal a…
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The government of Kenya is fast-tracking the development of a Fast-Payment System (FPS) designed to facilitate instant money transfers between banks and non-bank providers.
This initiative, led by the Central Bank of Kenya (CBK) in partnership with various industry stakeholders, aims to transform…
