FeaturedTechnologyAbsa Bank Kenya to roll out 60 tech projects for Sh1.6 bnInternational Finance Business DeskFebruary 16, 2021 by International Finance Business DeskFebruary 16, 2021 The 60 new technology projects will be aimed at improving customer experiences... Read more
BankingFeaturedKenya plans to switch its base currency to bitcoinInternational Finance Business DeskFebruary 15, 2021 by International Finance Business DeskFebruary 15, 2021 The central bank governor believes that bitcoin could actually help to fight the depreciating shilling... Read more
BankingFeaturedKenya seeks to tighten regulatory reign over digital paymentsInternational Finance Business DeskFebruary 2, 2021 by International Finance Business DeskFebruary 2, 2021 t Safaricom controls 98% of the country’s mobile money market, while Airtel Money and other money providers account for just 1.2%... Read more
AviationFeaturedKenya Airways suspends flights to France, NetherlandsPritam BordoloiJanuary 27, 2021 by Pritam BordoloiJanuary 27, 2021 The suspension is due to Covid-19 and will continue till the end of February... Read more
BankingFeaturedSurge in Kenya’s mobile money impacts banksInternational Finance Business DeskJanuary 26, 2021 by International Finance Business DeskJanuary 26, 2021 It is reported that nearly 20.5 million people use M-Pesa... Read more
AviationFeaturedAfrican aviation body opposes Kenya Airways’ pay cutsInternational Finance Business DeskJanuary 25, 2021 by International Finance Business DeskJanuary 25, 2021 Last week, Kenya Airways announced a fresh round of pay cuts of up to 30 percent... Read more
FeaturedOil & GasHighs and lows in Kenya’s oilInternational Finance Business DeskJanuary 19, 2021January 19, 2021 by International Finance Business DeskJanuary 19, 2021January 19, 2021 It is reported that the National Oil Corporation of Kenya could lose the mandate of managing strategic petroleum reserves... Read more
FeaturedHealthcareInvestors see compelling opportunity in Africa’s healthcareInternational Finance Business DeskJanuary 18, 2021 by International Finance Business DeskJanuary 18, 2021 Nigeria, for example, is lagging compared to its African peers, in terms of expenditure and access... Read more
FeaturedInsuranceAfrica’s low uptake in insurance points to 2.8% penetrationInternational Finance Business DeskJanuary 11, 2021 by International Finance Business DeskJanuary 11, 2021 The insurance penetration is seemingly more concerning in Kenya as it has recently decreased... Read more
EnergyFeaturedKenya plans to add 80MW of solar power to national electricity grid in 2021International Finance Business DeskJanuary 6, 2021 by International Finance Business DeskJanuary 6, 2021 It is reported that the country currently generates 200 MW of electricity from solar power... Read more