Category: Economy&Finance
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Trading in Kenya: A Look at Everyday Realities Conversations about trading in Kenya have grown louder in the past few years. People talk about it on matatus, at campus cafés, and across online forums. For some, it’s an exciting way to diversify income; for others, it’s just another buzzword floating around. Either way, trading is…
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Tanzania is entering a new energy era, and an exciting one at that. With the full commissioning of the Julius Nyerere Hydropower Project (JNHPP) in early 2025, Tanzania’s energy landscape is set to undergo a dramatic transformation. The 2,115MW facility, situated on the Rufiji River, within the Selous Game Reserve, is one of the largest…
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Standard Chartered Bank Kenya is facing one of its toughest moments in years after a landmark court decision against it sent shockwaves through the financial markets. The bank’s shares tumbled by 10% to Sh292 per share today, a sharp decline that underscores the weight of the ruling and the uncertainty it has created among investors.…
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It is not every day that a bank pays you to deposit money into your account. In most cases, customer appreciation from banks comes in the form of the occasional branded T-shirt during a roadshow, a smile during Customer Service Week, or perhaps a sweet treat at the counter. While these gestures are pleasant, they…
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The market closed the session on a mixed note with NASI and N10 declining by 0.8% and 0.2%, respectively. On the other hand, the NSE 20 gained 0.2% while the NSE 25 remained largely unchanged. Equity turnover declined to USD 4.5m (-54.3%). Local investors dominated market activity, accounting for 82.9% of the turnover levels, up…
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Kenya’s banking sector is on the verge of a technological shift that could redefine competition, profitability, and customer engagement, according to new research from Akili AI. In a survey of senior management and Board members from the country’s leading banks, over 80% agreed that generative AI will be transformative for the sector. However, adoption rates…
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Entrance to Times Tower KRA offices. /BUSINESS DAILY The Tax Appeals Tribunal has delivered a landmark ruling giving the Kenya Revenue Authority (KRA) the green light to classify all bank deposits as taxable income—unless taxpayers can provide clear evidence showing otherwise. The decision came in Tribunal Appeal E1116 of 2024, determined on September 2, where…
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The Mars family, one of the wealthiest families in the United States, has an estimated combined net worth of $90 billion. Known globally for their ownership of Mars, Incorporated, the family controls the world’s largest confectionery company, which generates billions annually from popular brands like Snickers, Milky Way, M&M’s, Twix, Skittles, and Dolmio pasta sauces.…
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Labour and Skills Development PS, Mr. Shadrack Mwadime, and KOICA Country Director, Mr. Wankyu Park. The project is scheduled to commence this year and reach completion in 2027. The government has announced plans for a proposed project that will revolutionize skills development in Kenya’s building and construction industry, with an estimated cost of Ksh904 million…
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Airtel Money Kiosk [Photo: TechJaja] Airtel Africa is preparing to list its mobile money arm, Airtel Money, in the first half of 2026, a move that could value the service at over $4 billion. The IPO is part of a broader strategy to cement Airtel Money’s position in Africa’s booming digital payments landscape and to…