Superior Homes, a well-established real estate firm in Kenya, has announced a massive new development project in Ruiru, located on the outskirts of Nairobi. The project is estimated to cost Ksh 30 billion, positioning it as one of the largest developments in the region. This new venture is set to transform the housing landscape in…
Kenya’s move to accrual-based accounting is a significant step toward improving financial transparency and governance. This shift represents a modern approach to public financial management, where transactions are recorded when they occur rather than when cash is exchanged. The move offers Kenya several benefits, including better financial reporting and enhanced decision-making processes. However, as with…
Centum Investment Company, a leading investment firm in East Africa, is charting a path for growth in Francophone Africa. This strategic move marks a new chapter in the company’s expansion plans, which have previously focused on Kenya and other East African nations. The venture aims to tap into the region’s untapped potential, driven by increased…
Omniscient, a prominent South African fintech company, recently received the Finovate 2024 Excellence in Financial Inclusion Award, recognizing its innovation in delivering financial services to underserved communities. This achievement highlights the growing importance of fintech in bridging the financial divide globally, particularly in developing markets like Kenya. Kenya too has made remarkable progress in financial…
Kenya’s internet landscape continues to evolve rapidly, and the latest player making waves is Starlink. A subsidiary of SpaceX, Starlink is known for offering satellite-based internet to regions with unreliable connectivity. Now, with its new mini kit, Starlink is making a bold move by lowering the cost of entry for consumers in Kenya. The newly…
Wananchi Group, the company behind Zuku, a major player in Kenya’s internet and entertainment sectors, is in talks for an acquisition by Axian Telecom. This move, set to reshape Kenya’s telecom landscape, opens up vital discussions on the intersection of finance, business strategy, and technology. For many Kenyans, Zuku is a household name, providing affordable…
Kenya’s economy is at a critical juncture. As the country faces financial hurdles, the government is reaching out to the public for ideas on how to steer the economy back to stability. Recently, Hon. John Mbadi, Chair of the Budget and Appropriations Committee, called for a public dialogue on the economic situation. He seeks suggestions…
In today’s digital age, cyberattacks have become a persistent threat for businesses of all sizes. A single breach can not only tarnish a company’s reputation but also lead to severe financial losses and operational disruptions. While it might seem like something that only happens to large corporations, small and medium-sized enterprises (SMEs) are increasingly falling…
