Author: Wanjiku Njugunah

Businesses in Kenya only saw a mild improvement in operating conditions in October 2022 The latest Purchasing Managers’ Index showed that ongoing concerns about the rising cost of living led to a softer expansion in new orders and a renewed drop in output Inflationary pressures remained severe, as firms highlighted a record increase in purchasing costs from the previous month According to the latest Purchasing Managers’ Index, businesses in Kenya only saw a mild improvement in operating conditions in October 2022. The Stanbic Bank Kenya survey showed that ongoing concerns about the rising cost of living led to a softer…

KCB Bank Kenya has set aside KSh 250 billion to fund women entrepreneurs in the next five years, cementing the Bank’s role in catalyzing economic growth In a newly revamped women offering, the Bank will extend the funding to women-led and owned Small and Medium Enterprises (SMEs) across the country Under the KSh 50 billion a year platform, Female-Led and Made Enterprises- FLME, KCB Bank seeks to support entrepreneurship, job creation, and strengthen its outreach KCB Bank Kenya has set aside KSh 250 billion to fund women entrepreneurs in the next five years, cementing the Bank’s role in catalyzing economic…

Kenya Breweries Limited (KBL) has launched a campaign to recruit over 5,000 new farmers to grow sorghum to produce Senator Keg beer Through East African Maltings Limited, KBL’s contract farming programme, Mtama Ni Mali, sources 100% of raw materials locally, providing a source of livelihood to over 40,000 smallholder farmers KBL provides a guaranteed market for farm output at competitive prices and, in the last financial year, paid over Ksh1.2 billion to smallholder sorghum farmers across the country Kenya Breweries Limited (KBL) has launched a campaign to recruit over 5,000 new farmers to grow sorghum to produce their value beer,…

Kenya’s Safaricom has launched 5G Wi-fi, more than a year after it announced it was conducting trials for the world’s fastest network Safaricom said 5G network was now available to its customers, who would benefit from super-fast internet at home and work The availability of the network would empower customers in 5G-ready areas with fast and reliable internet connectivity for their homes and businesses Safaricom has launched 5G Wi-fi in selected Kenyan towns, more than a year after it announced it was conducting trials for the world’s fastest network. On Thursday, October 27, Safaricom said 5G network was now available…

Mastercard has released a new study that indicates that fintech startups in Africa grew 81 per cent in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent The report also found that the fintech sector accounted for 27 per cent of the record-high number of deals closed and 61 per cent of the US$2.7 billion deployed across Africa in 2021 The three countries were also seen as among the countries leading the transition to digital payments, with infrastructure and policy frameworks that enable this growth firmly in place Mastercard has released a new study that…

5G-related activities are picking up across the Sub-Saharan Africa region, including 5G spectrum auctions, 5G pilots and commercial trials The Mobile Economy Sub-Saharan Africa 2022 report reveals that the huge demand for connectivity in the wake of the COVID-19 pandemic has led to a growing interest in the role of 5G in the connectivity landscape 2022 marks a turning point as 3G adoption begins to decline for the first time A new report has revealed that 5G-related activities are picking up across the Sub-Saharan Africa region, including 5G spectrum auctions, 5G pilots and commercial trials, and efforts to develop locally…

E-pharmacy platform MYDAWA has received US$1.2 million from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to HIV prevention MYDAWA said it had developed the first end-to-end virtual healthcare solution for customers who wish to access Pre-Exposure Prophylaxis (PrEP) and Post-Exposure Prophylaxis (PEP) online Approximately 38 million people around the world are living with HIV, with close to 21 million of them in Eastern and Southern Africa Kenyan-based e-pharmacy platform MYDAWA has received US$1.2 million from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to HIV prevention. On…

Unity Homes has completed 10.0 per cent of its KSh 5.4 billion housing project dubbed Unity East Unity East sits on a 10.4-acre piece of land at Tatu City in Ruiru Sub-County and constitutes 64 units of the total 640 houses whose construction began in November 2021  Unity Homes said it would deliver the project in batches, with the last batch of units expected to be delivered by September 2024 Kenyan property company Unity Homes has completed 10.0 per cent of its KSh 5.4 billion housing project dubbed Unity East. The property, which sits on a 10.4-acre piece of land…

Uganda, Nigeria and DRC are the latest beneficiaries of a multinational project initiated by the African Development Bank The Creating Sustainable Youth MSMEs Through Urban Farming (SYMUF) project is intended to create jobs and improve livelihoods for the youth in the three African countries  The initiative will support young farmers who are attracted to urban farming The African Development Bank (AfDB) has launched a multinational project to create jobs and improve livelihoods for youth in three African countries. The Creating Sustainable Youth MSMEs Through Urban Farming (SYMUF) initiative will support young farmers in Nigeria, the Democratic Republic of the Congo…

Peter Ndegwa has mobilised his Kenyan counterparts to join the Africa Business Leaders Coalition  The Safaricom chief executive urged CEOs to take the initiative and be part of the commitment to advance Africa’s sustainable growth, prosperity and development The telco is one of the coalition’s founding members whose aim is to bring together CEOs from across the continent to help drive action on pressing sustainability issues  Kenyan CEOs have been urged to join the Africa Business Leaders Coalition (ABLC). While mobilising his counterparts, Safaricom’s CEO, Peter Ndegwa, urged CEOs to take the initiative and be part of the commitment to…