Small and medium-sized enterprises continue to play a significant role in Kenya’s economy, accounting for over 80 percent of employment and nearly half of the country’s GDP. Sadly, the sector remains the most hit by challenges ranging from limited access to affordable financing, unreliable energy supply, and vulnerability to climate shocks such as droughts, floods,…

Absa Bank Kenya PLC Board Chairman Mr. Mohammed Nyaoga Absa Bank Kenya PLC has appointed Mr. Mohammed Nyaoga, EBS, SC, as the Chairman of its Board of Directors, effective 01 October 2025. He succeeds Mr. Charles Muchene whose tenure as a Director and Chairman of the Board will end on 30th September 2025, having served…

OKX Launches Africa Trading Sprint with 35,000 USDT Prize Pool The race for Africa’s sharpest traders has begun. Leading global crypto exchange OKX has rolled out the Africa Trading Sprint, a dynamic trading competition that gives African traders a chance to battle for glory and grab a share of a 35,000 USDT prize pool. The…

Anastacia Wamuyu, a matatu driver in Nairobi. PHOTO/COURTESY Anastacia Wamuyu is among the few female matatu drivers navigating the chaotic Nairobi matatu industry. She drives a 14-seater matatu, plying the Nairobi CBD-Waiyaki Way route. Before venturing into the industry, Wamuyu, a marketing and tourism graduate, had worked as a taxi driver. “I was a housewife…

Liu Gaoqiong (L), a professor of Horticulture from Nanjing Agricultural University, also a visiting professor at Egerton University, gives guidance to Mary Mwangi, a local farmer, on the field management of grafted tomatoes at a tomato farm in Nakuru County. PHOTO/COURTESY With the growing demand for tomatoes and increasing pressures from pests, diseases, and climate…

a woman driving a car on the toll road. Photo: Adult Stock photos by Vecteezy A Kenyan man has narrated how he purchased his first car at 23, just immediately after campus. As per his narration on the Money254 platform, the unidentified man revealed that owning a car was his first life goal, given the…

Access to credit is one of the challenges affecting women-led businesses in Kenya. According to the Kenya National Chamber of Commerce and Industry (KNCCI), only 26.3 percent of women-led MSMEs in Kenya are able to access formal financial services. Most women-owned businesses operate informally and are thus excluded from mainstream financial services due to lack…

Francis Eli Mulekya, founder Prestige Industrial Services Limited. PHOTO/ELI “A business that makes nothing but money is a poor business.’’ This quote by Henry Ford suggests that a business’s true success goes beyond financial profit and should encompass a strong mission, positive impact, and purpose beyond mere financial gain. This approach fits perfectly with the…