Caleb Korir
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Henbon Unveils Sixth Housing Project in Nairobi as Demand Rises
Chinese property developer Henbon has unveiled Diamond Bay Suites, its newest residential project in Nairobi’s Westlands as the appetite for modern housing continues to surge. The launch marks Henbon’s sixth project in the capital city. The latest project offers one and two-bedroom apartments with prices starting from Sh8.8 million, depending on size of the floor.…
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ViFi Labs Acquires Uganda’s OneRamp to Boost Stablecoin Payments Across Africa
ViFi Labs, a decentralized protocol focused on foreign currency and stablecoin trading, has acquired OneRamp, a leading stablecoin payments platform serving emerging markets in Africa. OneRamp enables users to make everyday payments. Founded by Ugandans Elias Hezron Opio and Jovan Mwesigwa, OneRamp simplifies stablecoin use by connecting crypto payments directly to mobile money and banking infrastructure. The platform currently…
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Why Crypto May Redefine How We Pay and Move Money in Kenya
When cryptocurrencies first entered Kenya in 2013, they stirred more suspicion than excitement. Traditional banks kept their distance. The Central Bank of Kenya (CBK) had issued a stern warning against their use in 2015, citing risks like fraud, volatility and the absence of regulation. But while the financial establishment hesitated, crypto enthusiasts forged ahead, turning…
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Lack of Money Skills Keeps Many Trapped in Poverty
Financial literacy is one of the critical skills needed for a person to make and keep money. Unfortunately, this skill is not taught in schools or discussed in most social circles whether among friends, family, or colleagues. As a result, many people grow up with little to no knowledge of money management, leading to poor…
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Konza-based Company Seeking to End Post Harvest Losses in Eastern Region
Growing up, Julius Muthui watched his parents and other community members struggle to preserve their harvests, especially fruits, in Kenya’s Lower Eastern region. Without proper storage facilities or access to reliable markets, many farmers faced losses during harvest seasons. Currently Muthui works with Goshen Farm Limited, a fruit exporting company based in Konza city. Initially,…
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Airtel Money Gains Ground As Mpesa Market Share Dips
Safaricom’s M-PESA lost its market share from 97 percent at the end 2023 down to 90.8 percent in Q1 2025 according to latest data from Communications Authority of Kenya (CA). On the other hand, Airtel Money’s market share continues to rise. Currently, Kenya’s second largest telco has gained a share of up to 9.1 percent…
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How Livestock Sector Could Benefit From AI Technologies
Artificial Intelligence (AI) has been touted as a technology that has the potential to disrupt every aspect of life and economy in unprecedented ways. While this is true, since AI has begun this disruption, one sector in Kenya still operates in a brick-and-mortar model. That is agriculture. To some extent crop production has witnessed adoption…
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Banks Target Loan Defaulters as Recovery Efforts Intensify
Loan defaulters are set to face tougher consequences as banks intensify loan recovery efforts through the auctioning of properties, amid widespread economic hardship and falling household incomes. According to a survey by the Central Bank of Kenya (CBK), most banks are ramping up their efforts to recover loans. The loan defaults in Kenya have risen…
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Gov’t Releases 200,000 Bags of Maize to Curb Surging Flour Prices
The government has released 200,000 bags of maize from the National Strategic Grain Reserve (NSR) to maize millers in a move to stabilize flour prices in the country. This comes amid rising concerns over the rising cost of flour staged by shortage of maize. Agriculture Cabinet Secretary Mutahi Kagwe said the consignment will be sold…
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Janeth: My Journey of Building Two Businesses While Raising a Family
Running a business as a woman and at the same time having a young family to take care of isn’t easy. For Janeth Soinato, her failed job hunting led her to business as she looked for a way to earn a living thanks to her supportive partner. Soinato was born in Isinya, Kajiado in a…
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Lack of Pens, Materials Hurts Learners Despite Free Schooling
While the Constitution of Kenya guarantees every child the right to free education, poverty remains a major challenge for school-going children across the country. Basic learning materials such as pens, books, and other stationery are often left to parents to provide a disadvantage for families with limited means. Combined with hidden school-related costs, many children…
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How Founders Can Win Investor Confidence and Secure Funding
The terms ‘entrepreneurship’ and ‘start-ups’ have become buzzwords among Gen Z, energizing a spirit of enterprise among young people. With many seeking to be self-employed, it’s a fertile ground for innovation, put differently, they are brimming with business ideas. However, having a great idea is just one piece of the puzzle. Knowing how to raise…
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Meet South Africa’s Retail Founder Of The Year 2024 – Foya Awards
Growing up in South Africa, Tshepo Namate always dreamed of becoming an entrepreneur. Business was in his blood, which led him to open a car wash while still in high school. In addition to running the car wash, Tshepo also sold cookies in his neighborhood. These early ventures laid the foundation for his rise to…
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Kenyans Resort To Open Businesses Amid The Tightening Economy
A report by Tala MoneyMarch 2025 found a 7 percent increase in the number of people owning businesses across the country, with financial challenges fueling this trend. The report further found that 9 in 10 Kenyans surveyed reported having experienced financial challenges in the last six months underscoring the rising cost of living, with a…
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Why Banks Oppose Creation Of New Real-time Fast Payment System
Kenya’s financial sector is witnessing an intense battle over the future of digital payments, with the Central Bank of Kenya (CBK) pushing for a new real-time Fast Payment System (FPS) while banks and private sector players push back with alternative solutions. CBK’s goal is to introduce an interoperable system that allows instant money transfers between…
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How University Student Built A Thriving Cake Business While Studying
From a young age, Sharon Nyaga loved cakes. Growing up in Embu County, her mother used to bake birthday cakes for her. Unknown to her was that fate would lead her to baking business in the future. “I really loved cakes,” she recalls. “Watching my mom bake for my birthdays and seeing wedding cakes always…
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My Journey Of Bringing Sustainability To Fashion Industry
From a young age Joanna Maiden was troubled by the inequalities of the world. Born in London to a well to do family, she understood that having everything she wanted wasn’t worth it when others are suffering. She often thought of ways to lend a helping hand to the needy and bring positive change to…
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KRA Cyberattack Disrupts Services, Sparks Security Concerns
The Kenya Revenue Authority (KRA) has suffered a significant cybersecurity breach, raising concerns over the security of critical national systems. The attack, which disrupted operations and potentially exposed sensitive taxpayer data, highlights the growing threats posed by cybercriminals targeting state institutions. This comes as Kenya faces a downgraded credit rating, further complicating the country’s economic…
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Vivo Energy Defends Shell V-Power Fuel Quality Amid Social Media Claims
Vivo Energy Kenya, the distributor of Shell V-Power fuel, has firmly refuted recent allegations questioning the quality of its fuel. The company’s Managing Director, Peter Murungi, addressed these concerns following a viral social media video that purported to test the fuel’s quality at certain service stations. Speaking to the press at Shell service station in…
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BRS Confirms Data Breach Exposing Companies’ Information
The Business Registration Service (BRS) has said that the company registry was breached exposing companies’ sensitive information. In a statement issued on Sunday, February 2, 2025, BRS Director General Kenneth Gathuma confirmed that investigations are underway to determine the nature and extent of the breach. “Our cybersecurity experts are working closely with our cybersecurity partner,…
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