Category: Business
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Kenya’s current account deficit widened sharply in the second quarter of 2025, highlighting persistent external imbalances despite lower oil prices and a build-up in foreign reserves. Metric Q2 2024 Q2 2025 Change % Current Account Balance -47.4 Bn -83.7 Bn ▼76.6% Merchandise Trade Balance -311.9 Bn -348.4 Bn ▼11.7% Services Balance 70.8 Bn 65.5 Bn…
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The National Assembly has approved the long‑anticipated privatization of Kenya Pipeline Company (KPC), setting in motion what could be the largest initial public offering in Nairobi in more than two decades. “Listing KPC on the NSE will not only enable the company to raise capital for its regional expansion and LPG diversification plans but also…
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Simbisa Kenya, operator of Chicken Inn, Pizza Inn, Creamy Inn, Baker’s Inn, and Galito’s, has reported 12% revenue growth in the year to June 2025. At group level, Simbisa posted a 7% increase in revenue to USD 306.5 million, while profit before tax rose 11.3% to USD 23.4 million. Operating profit before depreciation and amortisation…
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For small and medium-sized enterprises (SMEs), adopting an omnichannel customer experience (CX) strategy is not just a trend- it’s a proven driver of retention, engagement, and revenue. Here are five key levers SMEs can use, backed by concrete data, and how Telvoip enables them. Companies with strong omnichannel engagement retain 89% of their customers, compared…
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Kenya’s annual inflation rate rose slightly to 4.6 percent in September, up from 4.5 percent in August, according to new data released by the Kenya National Bureau of Statistics (KNBS). In its monthly report released on Tuesday, KNBS noted that month-on-month inflation stood at 0.2 percent, with the overall Consumer Price Index (CPI) climbing to…
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Nairobi, Kenya – October 2, 2025 – The Head of the Presidential Special Projects & Creative Economy, Dennis Itumbi, has revealed that digital influencers can now earn money from the government by creating content that highlights key state programs. According to Itumbi, the government is open to partnering with content creators who focus on promoting…
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Frankline Okata, Acting Chief Enterprise Business Officer, Safaricom PLC. Nairobi, October 2, 2025…. Safaricom’s (NSE: SCOM) Enterprise arm, Safaricom Business today hosted an exclusive cybersecurity session, bringing together over 50 senior IT and security executives to discuss strategies for strengthening enterprise resilience amid rising cyber threats. Held as part of Cybersecurity awareness month, the session provided…
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The Central Bank of Kenya (CBK) has outlined an ambitious strategy to drastically reduce the average cost of mobile money transactions in the coming years, aiming to cut fees by more than half. This push is part of a broader regulatory effort to spur the next wave of financial inclusion, moving beyond basic money transfers…
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A heated exchange between forex trader Raymond Omosa, better known as Kenyan Prince, and celebrity tailor Bolo Bespoke has gone viral, stirring debate on money, status, and humility. In the clip, Omosa boldly suggested the two should compare their fortunes.“Can we sit down and compare our net worths?” he asked. Bolo shot back: “Are you…
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The revitalisation of the Galana-Kulalu irrigation scheme has gained momentum as government agencies and private investors step up plans to convert thousands of acres into productive farmland. The project seeks to cut Kenya’s dependence on food imports and address persistent hunger. Straddling the border of Kilifi and Tana River counties, Galana-Kulalu is one of Kenya’s…