Nairobi—This year’s Black Friday marked a significant milestone for e-commerce across Africa, with platforms in Kenya, Nigeria, and South Africa recording an 83% surge in sales compared to the previous year. Industry insiders credit extended promotional periods and attractive discounts for the exceptional growth. Shoppers Embrace Extended DealsUnlike traditional one-day sales, many e-commerce platforms adopted…
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…
Recently, Bolt Kenya made headlines by awarding ten drivers Kshs 288,000 each as part of their €20,000 accelerator program. The initiative rewarded top-performing drivers who consistently provided excellent service, embodying Bolt’s commitment to improving livelihoods and enhancing the customer experience. This program, aimed at empowering hardworking individuals in Kenya’s growing gig economy, highlights a broader…
Stanbic Bank Kenya has made a bold move by entering the asset management sector with the launch of its Money Market Fund. This strategic initiative is expected to redefine the financial landscape in Kenya, offering both retail and institutional investors a chance to access low-risk, high-liquidity investment opportunities. By tapping into this sector, Stanbic is…
