Author: Kiptoo Kosgei

The aviation industry in Kenya has recovered from the COVID-19 pandemic that led to the halting of operations as planes were grounded to curb the spread of the virus.

Data by IATA revealed that global airlines suffered cumulative losses of almost $190 billion (KSh 22.5 trillion) between 2020 and 2022.

In Kenya, local airlines were not spared, but the resumption of flights provided a ray of hope.

List of private airlines in Kenya and their owners.…

The survey showed mobile phone subscribers stood at 46 per cent in Sub-Saharan Africa, while smartphone adoption was at 64 per cent. This is expected to grow to 50 per cent and 75 per cent respectively by 2025.

“By the end of 2020, 495 million people subscribed to mobile services in Sub-Saharan Africa, representing 46 per cent of the region’s population – an increase of almost 20 million from 2019.

With more than 40 per cent of the region’s population under the age of 15, young consumers owning a mobile phone for the first time will remain the primary source of growth for the foreseeable future. There will be around 120 million new subscribers by 2025, taking the total number of subscribers to 615 million (50 per cent of the region’s population),” the report stated.…

In a new report, the Commission on Revenue Allocation (CRA) has revealed the richest counties in Kenya that contribute the highest share to the national cake.

The government agency stated the top five wealthiest counties of Nairobi, Kiambu, Mombasa, Nakuru, and Meru contribute 46.9% to the Gross Domestic Product (GDP).

Nyandarua was ranked the top county in wealth creation since 2013. During the period under review, the county’s contribution to the national cake increased to 1.52%, up from 1.03%.…

AfyaRekod was founded in 2019 by John Kamara as an Adanian Lab start-up with seed funding from Mac Venture Capital and Next Chymia.

He established the company after losing a close friend who was misdiagnosed due to lack of medical records and data that could have helped save his life.

AfyaRekod founder John Kamara. Photo: John Kamara/Twitter.

Kamara noted that the solution to his friend’s death was bringing real-time access to data.

“We identified the capture and storage of accurate data across every possible level of infrastructure as a core problem. Our tool now allows patients to create a portal with all their health data and, most importantly, gives patients sovereign rights of ownership of their data.

“The patient logs in and sees all the information from the hospital. They don’t have to ask the hospital or beg for information. It’s their right to have access to it,” said Kamara.…

Kenya has over 900 youthful millionaires according to the 2022 Knight Frank Wealth report.

The report indicated that Kenya’s young entrepreneurs taking home millions were on the rise.

Knight Frank Kenya managing director Ben Woodhams said the survey revealed the number of youthful millionaires in Kenya was above the global average.…

Africa has unlimited opportunities as it’s rich in natural resources such as arable land, water, oil, natural gas, minerals, forests and wildlife.

The continent is home to some of the fastest-growing economies in the world.

According to the World Economic Forum, Africa has a fast-growing youth population with urbanisation expected to drive over 50% of Africans to cities by 2050.

The youthful population constitutes a formidable market.

List of best African countries to invest in according to Africa Business Insider.

1. Nigeria

The West African country is the most populous country in the continent with over 216 million people.

In 2021, Nigeria’s Gross Domestic Product (GDP) stood at $514 billion (Sh and was ranked as the largest economy according to Statista.

Nigeria’s National Bureau of Statistics stated that the country’s GDP expanded by 4.03% in quarter three of 2021.

Nigeria has rich natural resources with its agriculture, natural gas, and crude …

Kenya is home to some of the wealthiest politicians on the continent, and probably in the world.

Kenyan politicians are paid well with members of parliament taking home a monthly salary of between Sh 621,250 and Sh 710,000.

As the 2022 General Election set for Tuesday, August 9, 2022, draws near, we look at some of Kenya’s richest politicians seeking elective seats, their businesses and estimated net worth.…

Iqbal revealed that the South Asian country has been importing tea on credit, putting pressure on its economy, which faces a high inflation rate.

CNN reported that he urged his fellow citizens to consider reducing their drink intake by one or two cups daily.
“I appeal to the nation to cut down the consumption of tea by one to two cups because we import tea on loan,” the senior government official said.

The minister urged Pakistanis to avoid all products the country does not produce independently. The Observatory of Economic Complexity (OEC) noted that Pakistan was the largest importer of tea in the world in 2020.…

The 2022 Knight Frank wealth report revealed the number of dollar millionaires in Kenya as of 2021 stood at 3,362.

This was an increase of 39 compared to the same period in 2020.

The same report indicated that Kenya had 88 ultra-high net worth individuals (UHNWIs), whose net worth was estimated at over Sh 3.4 billion.…