BUSINESS NEWS
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The International Monetary Fund (IMF) has commended Kenya for its decision to join the Pan-African Payments and Settlement System (Papps), viewing it as a positive step towards addressing foreign exchange challenges in emerging markets.
Kenya officially became a member of Papps on September 29,…
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The Directorate of Criminal Investigations recently announced that they had seized over Sh 13 million from a residence in Ngara where bhang (marijuana) was being sold.
Along with this, authorities had allegedly detained Mathe wa Ngara but later found out that it was a case of mistaken identity.…
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Workers at the Del Monte fruit processor in Murang'a County are expressing their dissatisfaction as the company begins to implement reduced working days for its casual labourers in order to reduce costs.
A memo circulated among employees stipulates that each casual worker would now work an average…
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Kenya Airways (KQ) confirmed on Monday evening that one of its flights travelling from London, United Kingdom, to Nairobi, Kenya, had to turn back due to a passenger experiencing a "medical emergency".
The flight had already covered a significant portion of the journey from London's Heathrow…
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Kenya will require all visitors, irrespective of their length of stay, to purchase local health insurance.
The insurance industry is expected to benefit significantly from a new requirement directing all visitors coming into the country to secure travel health insurance owing to the annual influx…
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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…