Category: Economy&Finance


  • [BREAKING] Kenyan-Based Healthtech Ilara Health Announces Significant Layoffs Amid Restructuring Drive

    Ilara Health, the Kenya-based healthtech company, has confirmed that it will be cutting a substantial portion of its workforce as part of a major restructuring effort. The company, which has been operating since 2019 to provide affordable diagnostics, digitization, and healthcare financing to primary care clinics, cited tough market conditions and delayed funding commitments as…

  • The New Way Kenyan Traders Are Managing Taxes Through USSD Codes and WhatsApp Messaging

    KRA Digital Tax Proposition KRAโ€™s USSD code *222# allows feature phone users to access essential tax services without internet. Users can retrieve their PINs, check registration status, and even file returns or make payments directly from their phones. For small business owners in rural areas or those without smartphones, it makes tax compliance quick and…

  • Inside Nairobi bakery run by deaf people

    In Nairobiโ€™s Park Road, a group of bakers is busy kneading dough, sliding it into the oven -in a rush to meet deadlines.ย  This is Nairobi Deaf Bakery run by 10 employees, nine of them deaf.ย  Sign language is their means of communication. Priscillar Ndingu is the Operations Manager here, overseeing the process of making…

  • NCIC Honours Equity Bank with Peace Champion Recognition

    National Cohesion and Integration Commission (NCIC) Chairman, Rev. Dr. Samuel Kobia (far left), and Vice Chairman, Hon. Dr. Dorcas Kedogo (far right), present a recognition award to Equity Bank Kenya Head of Women and Youth, Dr. Silpah Owich (second left), and Regional Manager โ€“ Western and Nyanza Region, George Onyinno (second right). NCIC commended Equity…

  • A step-by-step guide to profitable passion fruit farming

    Passion fruit farming in Kenya. PHOTO/COURTESY Passion fruit farming is still one of the least explored yet profitable kinds of fruit farming. Apart from the fact that passion fruits, like any other fruit, have their good and bad seasons, when properly looked after, these fruits can enable a farmer to generate significant income. However, they…

  • Onion value addition: A blossoming venture transforming Kenyan farmers

    Onions are a high-value crop in Kenya, with small-scale farmers earning between Sh200,000 and Sh500,000 per acre annually when managed well. Given the ever-increasing demand for the crop, farmers are switching to value addition to boost their earnings. Jacqueline Kithinji, an onion farmer says she diverted into manufacturing onion-made products after realizing the raw onion…

  • United Asian Network hosts leadership summit 2.0

    The United Asian Networkย (UAN) hosted its Leadership Summit 2.0, at the Swaminarayan Temple on Forest Road. The summit, themed โ€œStrengthening Kenyan Asian Engagement & Unity,โ€ convened influential leaders to build actionable frameworks for the communityโ€™s role in Kenyaโ€™s economic and social development. The event featured some of Kenyaโ€™s foremost corporate and public sector leaders. The…

  • Investor Kibunga Kimaniโ€™s Centum stake now worth over Sh1 billion

    Billionaire investor Kibunga Kimaniโ€™s stake in Centum Investments Company has crossed the Sh1 billion mark in value. This is after the billionaire investor topped up the amount of Centum shares he owns. According to regulatory filings, Kibunga Kimaniโ€™s Centum stake currently comprises of some 73.6 million shares that have a market valuation of Sh1.06 billion…

  • Types of SME loans you can get from Co-op Bank

    Are you a small business looking for financing for your business? Well, the Co-operative Bank of Kenya has some of the best financing options tailored for various SMEsโ€™ needs. Below are some of the SME financing products offered by the lender. MSME Overdraft Working Capital The Co-op Bank MSME Term Loan is a type of…

  • How Kshs. 50 transformed the life of a Mumias Poultry Farmer through I&M Bank

    Sometimes extraordinary things happen to ordinary people doing extraordinary work. Meet Dorcas Wanga, whose journey from a KES 50 deposit to becoming I&M Bankโ€™s first millionaire winner is rewriting the rules of whatโ€™s possible. Two weeks is all it took for Dorcas, a hardworking poultry farmer from Mumias, to transform her financial future. When she…