BUSINESS NEWS
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From November 24th to March 31st, Kenyans borrowed Sh19.9 billion worth of airtime through the Safaricom Fuliza overdraft program.
The difficult economic climate seems to have triggered an increase in the use of credit services. Safaricom's latest sustainability report highlights their approach of…
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August saw a significant surge in revenue generated from fees on State services, reaching an all-time high.
This increase can be attributed to President William Ruto's directive for government agencies to utilize a common paybill number. According to data from the e-Citizen self-service platform,…
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Microsoft has joined forces with M-Pesa Africa to offer its support to the Capability Development Academy.
M-Pesa Africa recently announced its intentions to facilitate capacity development and digitization for MSMEs by providing access to the Microsoft Community Platform and SME Skilling Programs…
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In Kenya, there have been recent reports of individuals purchasing boxed iPhones that ultimately turn out to be either refurbished, previously owned, or devices with replaced components.
Staying up-to-date is essential to avoid falling prey to this malicious trend that has persisted for a…
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Kenya has been grappling with a decline in the value of its currency, not only against the dollar but also the euro and pound.
The costs of both local and imported products have escalated in recent times. Earlier in 2022, the American dollar was valued at Sh120.8, whereas current evaluations place…
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According to a recent report, the impact of high inflation has been most severe on low-income individuals in Kenya.
Rose Ngugi, the director of the Kenya Institute for Public Policy Research and Analysis (KIPPRA), says that low-income households faced significant challenges in 2022 due to the…
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A Kenyan budget airline has been instructed to pay a sum of Sh400,000 to a woman with a disability for their failure to aid her in boarding their aircraft six years ago.
According to High Court Judge Hedwig Ong'udi, the failure of Fly 540 airline to provide adequate assistance equipment to Dr Agnes…
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The depreciation of the Kenyan shilling against major world currencies has resulted in increased salaries for expatriates and a more affordable cost of living in Nairobi.
The currency has experienced a decline in strength, resulting in a record low of Sh147.36 per dollar, a decrease of 19.4% in…
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Safaricom has been unsuccessful in its attempt to halt the progress of a case regarding alleged intellectual property infringement.
This comes after Safaricom planned to release a product that resembled an innovator's idea which he shared with the company's officials in 2021. Safaricom's request to…
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In August, Kenyans living and working abroad sent home $354.3 million, a decrease of 6.4% from the previous month.
This decrease did little to support the country's forex reserves which have been weakening. As of September 14, the reserves stood at a low of $7.1 billion, equivalent to 3.8 months of…
