Phidel Kizito
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Why Gov’t Made A U-turn on Privatization Agenda
The government has made a significant policy U-turn by opting to lease Mt Elgon Lodge a state-owned facility instead of selling it, signaling a broader rethink of its privatization agenda. This move diverges from the administration’s earlier aggressive strategy to privatize dozens of state-owned enterprises in a bid to ease fiscal pressure. In January, the…
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Why Government Wants to Sell Parts of Its Shares in Safaricom
The government has announced plans to sell a portion of its 34.9 percent stake in Safaricom by June 2026 as part of its broader privatization agenda aimed at raising Sh149 billion. According to Treasury Cabinet Secretary John Mbadi, the move is intended to help meet revenue targets for the 2025/26 financial year, reduce public debt,…
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KCB Partners with UnionPay to Enhance E-Commerce Payments
KCB Bank has entered into a strategic partnership with UnionPay International (UPI) to strengthen digital payment solutions and support the growing e-commerce ecosystem in Kenya. The collaboration enables customers to use UnionPay cards for online transactions via Cybersource and Mastercard Payment Gateway Services (MPGS), expanding the range of secure and convenient payment options available. KCB…
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Kenya Power Cleared to Finalize Sh1.2 Billion Transformer Tender After Legal Challenge
Kenya Power has been given the go-ahead to proceed with its Sh1.2 billion tender for the supply of transformers after the Public Procurement Administrative Review Board (PPARB) dismissed complaints raised by two local manufacturers over the fairness of the process. The decision, issued on April 29, 2025, allows the utility firm to continue with the…
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Stakeholders Push for Increased Agricultural Funding at FINAS-2025 Summit
Agriculture Cabinet Secretary Mutahi Kagwe has called for urgent and sustained investment in Kenya’s agricultural sector, describing it as an economic imperative and a moral responsibility. Speaking at the FINAS-2025 (Financing Agri-Foods Systems) Summit in Nairobi, CS Kagwe underscored agriculture’s critical role in ensuring food security, economic stability, and equitable development. He urged stakeholders, including…
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Africa Could Unlock Sh13.4 Trillion Annually from Gen AI – McKinsey Report
Africa stands to gain up to $103 billion (approximately Sh13.4 trillion) every year by scaling generative artificial intelligence (Gen AI) solutions across key sectors, according to a new report by McKinsey & Company. The study, titled The Economic Potential of Generative AI, The Case for Africa, reveals that over 40 per cent of institutions on…
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Kenya’s Roam Ranked Top E-Mobility Firm in Africa
Electric mobility firm Roam has emerged as the highest-ranked e-mobility company in Africa and the top-performing Kenyan company on the latest Financial Times list of Africa’s fastest-growing firms. Roam, based in Nairobi, posted an 86.4 percent compound annual growth rate (CAGR) and a 547.8 percent jump in revenue between 2020 and 2023. This placed the…
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Aviation Pumps Sh425 Billion into Kenya’s Economy
A report released today by the International Air Transport Association (IATA) has revealed that aviation contributed Ksh425 billion (USD 3.3 billion) to Kenya’s Gross Domestic Product (GDP) in 2023, accounting for 3.1 percent of the total GDP. According to the report, the sector also supported 460,000 jobs across the value chain, including those created directly…
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Digital Payments in E. Africa: Are We Too Confident to Stay Safe?
In an increasingly digital world, convenience is everything. From mobile money to contactless cards, East Africans are embracing digital payments at record speeds. But with this digital growth comes an invisible threat and it’s one many of us might not see coming, even when it’s right in front of us. That’s the warning from Charles…
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Why Government Might Soon Regulate Social Media – Mwaura
As smartphones become megaphones and hashtags rival headlines, Kenya finds itself grappling with an urgent dilemma: how to safeguard national security without silencing civic expression in an increasingly digital age. Last week, Government Spokesperson Isaac Mwaura ignited a heated national debate after calling for stricter social media regulation citing the “unchecked weaponization” of digital platforms.…
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SACCOs Bear Brunt Of KUSCCO Losses As Several Write-Off Millions
SACCOs across the country are feeling the heat following a multi billion fraud scandal implicating the Kenya Union of Savings and Credit Co-operatives (KUSCCO). This follows a directive from the government requiring SACCOs to cover losses in the face of the scandal that has rocked KUSCCO through scaling of dividend payouts and setting aside funds…
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Why TikTok Is Not Paying Kenyan Creators —Monetization Explained
In a move that has left many Kenyan content creators frustrated, Chinese social media giant TikTok has revealed it has no immediate plans to monetize African creators, including those in Kenya. Despite the platform’s successful rollout of monetization features for creators in the Americas and other regions, TikTok remains tight-lipped about when—or if—it will extend…
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Tiktok Partners With Wowzi and Aleph To Spur Digital Economy
TikTok has partnered with Wowzi and Aleph Holding to tap into content marketing and expand its reach in Kenya. The partnership will enable creators earning income by endorsing brands. With the help of Wowzi, creators will be able to connect with brands and seamlessly market brands to their social network. “There is so much incredible creative…
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Introduction of eco levy and its implications on economy
NAIROBI, Kenya, June 10 – Parliament has finalised the public participation phase of the Finance Bill 2024-2025, setting stage for its tabling before Senate for debate. The bill proposes an array of taxes to be levied on Kenyans as the government intensifies efforts to broaden the tax base. One of the controversial levies proposed by…
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