Category: Business
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President William Ruto speaking with Treasury CS John Mbadi during a past function Kenya is seeking to implement its first-ever debt-for-food security swap, a US$1 billion (Sh130 billion) arrangement with the World Food Programme (WFP) scheduled for March 2026. The deal could ease pressure on the country’s ballooning debt while channeling much-needed resources into tackling…
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Safaricom launches “Ofa Ya Boda Boda” and “Bundle Ya Deree” products Safaricom has launched Ofa Ya Boda Boda and Bundle Ya Deree, two new propositions designed to empower ride-hailing drivers and boda boda riders with affordable connectivity, fuel discounts, insurance, and financial wellness support. The tailored solutions combine affordable voice and data bundles with free…
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Entrepreneurship and investing are often spoken of in the same breath, as if they are interchangeable paths to financial freedom. But they’re not the same game, and treating them as such has left many people confused, stuck, and disappointed. Entrepreneurship is fundamentally a strategy for using your time to create wealth. You start with very…
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Kenya’s capital markets remain one of the most important pillars of its financial system, but the structure of the Nairobi Securities Exchange (NSE) today reveals an uncomfortable truth: the market is overwhelmingly dependent on one company, Safaricom. At the top of the NSE leaderboard sits Safaricom, with a market capitalization of Sh1.2 trillion as of…
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Across the world, governments and businesses are waking up to an uncomfortable truth: digitizing processes does not automatically eliminate corruption. Instead, it often digitizes the corruption itself, embedding manipulation into systems that were meant to be cleaner and faster. This new wave of fraud—what I call “e-corruption”—is powered by weak checks, multiple intermediaries, and loopholes…
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The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, on Tuesday, led a high-powered delegation on a working visit to the Kenyan President and other top government functionaries in the country, reaffirming the Bank’s commitment to accelerating investment and supporting inclusive growth in the country. The Kenyan President, H.E.…
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NCBA Bank has rolled out a suite of financing and digital innovations designed to modernize Kenya’s public transport industry. The announcement was made on Wednesday, September 10, 2025, during a special forum with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi. Speaking at the event, NCBA Director of Transactional Banking, Sally Chege, emphasized…
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KRA offices along Mombasa Road in Nairobi. /WAZA The Kenya Revenue Authority (KRA) has refuted viral social media claims alleging that a tribunal had ruled in its favour to tax all bank account deposits if holders could not prove their source of income. KRA clarified that the decision only affects deposits without proper documentation to…
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Safaricom Unveils Tailored Solutions for Ride-Hailing Drivers and Boda Boda Operators. /PHOTO Safaricom on Tuesday, September 9, launched Ofa Ya Boda Boda and Bundle Ya Deree, two new propositions designed to empower ride-hailing drivers and boda boda riders with affordable connectivity, fuel discounts, insurance, and financial wellness support. The tailored solutions combine affordable voice and…
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Posta’s Nairobi General Post Office (GPO). /POSTA KENYA Posta Kenya has partnered with Guaranty Trust Bank (Kenya) to launch 46 GTExpress outlets across the country, giving Kenyans faster and cheaper access to banking services right at their local Posta offices. Through this partnership, GTExpress outlets are now operational in key regions, including Nairobi, Kisumu, Mombasa,…