Caleb Korir
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Kenya’s Rising Cyber Threats: Why Securing the Digital Economy Is Now an Urgent Priority
Kenya’s digital economy is growing rapidly, but so are the threats that come with it. In recent years, the country has witnessed a surge in cyberattacks targeting both government institutions and private businesses. These incidents range from Distributed Denial of Service (DDoS) attacks to malware campaigns that disrupt essential systems and expose sensitive data. According…
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Kenya Reinstates Managing Director After Two-Month Internal Review
Kenya Reinsurance Corporation PLC (Kneya Re) has reinstated its Managing Director, Dr. Hillary M. Wachinga, following the conclusion of a two-month internal review that began in early September. The company’s board confirmed that Dr. Wachinga resumed his duties on November 6, 2025, marking the end of the process that had temporarily sidelined the reinsurer’s top…
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Safaricom Net Income Jumps 52 Point One Percent H1 2025
Safaricom has reported a 52.1 percent rise in group net income to Sh42.8 billion for the half year ended September 2025, driven by robust performance in Kenya and reduced losses in its Ethiopia operations. The telco’s service revenue grew 11 percent year-on-year to Sh199.9 billion, supported by growth in M-PESA, mobile data, and fixed services.…
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Trading Made Easy: Safaricom Pilots Ziidi Trader App
Safaricom Plc is piloting a new mobile trading feature, Ziidi Trader, that integrates directly with the M-PESA platform to make stock trading simple and accessible for millions of Kenyans. The new feature aims to lower entry barriers for retail investors by allowing users to buy and sell shares on the Nairobi Securities Exchange (NSE) directly…
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Kenya and China Deepen Trade Ties Through Expanding Hunan Partnership
Kenya is stepping up efforts to strengthen its trade and investment ties with China as the Kenya National Chamber of Commerce and Industry (KNCCI) hosted a high-level delegation from Hunan Province this week. The meeting, chaired by Richard Ndung’u, head of the KNCCI Kenya–China (Asia) Committee, brought together Kenyan business leaders who took part in…
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President Ruto Launches Sh100 Billion Green Fertilizer Plant in Nakuru
President William Ruto has launched the construction of the KenGen-Kaishan Olkaria Green Fertiliser Plant in Nakuru County, saying it marks a defining moment in Kenya’s green industrial transformation. He said the Sh100 billion project is a step for Kenya and Africa as the continent moves toward sustainable manufacturing and energy-driven industrialization. The venture brings together…
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Kenya’s Banks Contribute Billion in Taxes, 8% of National Revenue
The banking sector contributed Sh194.81 billion to the National Treasury in 2024, according to a new report by the Kenya Bankers Association (KBA) and PwC Kenya. The figure accounted for 8.09 percent of total government tax revenues, underscoring the sector’s central role in Kenya’s fiscal ecosystem. The Total Tax Contribution of the Kenya Banking Sector…
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Equity Group Profit Jumps 32% on Strong Regional Performance
Equity Group Holdings reported a 32 percent rise in net profit to Sh54.1 billion for the nine months ended September 2025, driven by regional growth and improved asset quality. The lender attributed the performance to strong non-funded income and lower loan loss provisions, reflecting continued resilience across East Africa. The results position Equity Group among…
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Online Taxi Drivers Form Cooperative to Empower Members
Since its inception in Kenya, online taxi driving has gained momentum with thousands of drivers opting to use ride-hailing platforms like Ubers, Bolt, Faras among others. However, getting into the taxi business is not an easy endeavour. Drivers have to buy vehicles, insure and maintain them or work with vehicle owners who oftentimes charge a…
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National Assembly Passes Bill to License All Crypto Firms
The National Assembly has passed the Virtual Asset Service Providers Bill, 2025, which will make all cryptocurrency service providers get a license before they can operate in the country. This new law aims to protect investors, stop fraud and make digital finance safer for everyone. According to the bill, only registered companies can offer services…
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Why Akash Patel Believes Manufacturing Will Save Kenya
Manufacturing is one of the key sectors that has the potential to propel Kenya’s economy to new heights. However, the sector has long struggled with challenges such as poor policy reforms and a punitive tax regime. Currently, manufacturing contributes only 7.6 percent to the country’s Gross Domestic Product (GDP), yet research shows that a one…
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Why Commercial Banks Wants CBK to Cut Base Rate
Banks now urge the Central Bank of Kenya (CBK) to lower its base rate to make borrowing cheaper and help businesses get more loans. In recent months, lending to the private sector has been slow and many banks say this needs to change. Commercial banks believe that low inflation, a stable Kenyan shilling, and weak…
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KRA Launches USSD Code to Ease Tax Services for SMEs
In a bid to make tax services accessible to small businesses the Kenya Revenue Authority (KRA) has rolled out a USSD that will enable taxpayers to access tax services without internet connectivity. KRA acknowledges that not every taxpayer in the country has access to digital devices, stable internet and digital literacy to use the internet-based…
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KNCCI Strikes Deal to Open U.S. Market for Kenya’s SMEs
The Kenya National Chamber of Commerce (KNCCI) has signed a Memorandum of Understanding (MoU) with South Carolina African American Chamber of Commerce (SCAACC) to expand trade, investment and economic cooperation between Kenya and the United States. In the agreement, the two chambers of commerce will collaborate in exhibitions and trade fairs, to facilitate Kenyan enterprises…
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Mantrac Kenya Turns 100, Commits to Fueling Growth
Mantrac Kenya, the sole authorised dealer of Caterpillar equipment in the country, has marked its 100 years of operations in Kenya. Speaking during the celebration at Mantrac headquarters Nairobi, Nigel Lewis, Chief Operating Officer of Mantrac Group, said the company’s century-long presence in Kenya has fueled the country’s growth through provision of equipment across key…
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Job Market Shake-Up: Skills That Matter Most in AI Era
For years the education system has been accused of producing graduates who do not meet the job market demands despite long lecture hours and gruesome exams that dampens student’s self-esteem. The same curriculum taught in school is out of touch with reality since most courses are outdated or some of its elements have been phased…
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Doubt AI’s Power in Music and Miss the Revolution
Artificial Intelligence (AI) is subtly disrupting every aspect of the creative industry from content creation to music and art. This trend is taking the music industry by storm, sending shivers across sectors on the uncertainty around the future of music and if AI algorithms will one day overtake the artists who pour their soul and…
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Think Reading Culture Is Dead? This Kenyan Author Proves You Wrong
Reading culture has been viewed as a dying culture thanks to the advent of technology and social media. But one author, Kimari Kimari, is defying all odds in reviving humanity’s most important culture, both as a tool for knowledge acquisition, promoting cognitive development and cultural understanding. Since mainstream reading has been relegated to small groups…
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Uber, Bolt Drivers Plot Biggest Strike Over Unfair Prices
Ride-hailing drivers working with platforms including Uber, Bolt, Farasi, Yego, WEEGO and Little Cab have accused the firms of unfair practices, warning that they will resort to strikes and demonstrations if their demands are not addressed within seven days. Under the Amalgamation of Digital Taxi Transport Organisations Kenya have begun a 40-day campaign pushing for…
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Why Banks Might Lend More to Private Sector
After seven consecutive cuts on lending rate by the Central Bank of Kenya (CBK) from 13 percent in February 2024 to 9.5 percent in August, banks have seen their interest income shrink. Coupled with low private sector credit and high non-performing loans (NPLs), the banks are now struggling with CBK’s lending rates. The half-year results…
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