Business

Elon Musk’s Starlink to Work with Airtel for Internet Service in Africa

Elon Musk’s Starlink to Work with Airtel for Internet Service in Africa

Airtel Africa reached an agreement with SpaceX to extend the availability of the satellite Starlink internet service in Africa. Elon…
State Expenditure on Education to Drop 1.2% to Ksh.594 Billion

State Expenditure on Education to Drop 1.2% to Ksh.594 Billion

Government expenditure on education is projected to fall from Ksh.601.5 billion in the 2023/24 financial year to Ksh.594.2 billion in…
Kenya’s Agriculture Sector Records Ksh.1.7 Trillion Growth in 2024

Kenya’s Agriculture Sector Records Ksh.1.7 Trillion Growth in 2024

Kenya’s agriculture sector witnessed a robust growth in the year 2024, hitting a record Ksh.1.7 trillion, supported by increased crop…
Merchandise Trade Grew to Ksh.3.82 Trillion in 2024 – KNBS

Merchandise Trade Grew to Ksh.3.82 Trillion in 2024 – KNBS

Kenya’s merchandise trade volume rose by 5.5 percent in 2024, reaching Ksh.3.82 trillion, driven by export and moderate growth in…
TransCentury PLC Delays Release of 2024 Audited Financial Results

TransCentury PLC Delays Release of 2024 Audited Financial Results

TransCentury PLC has announced a delay in publishing its audited financial statements for the year ended December 31, 2024, citing…
SACCOs Expand Loan Portfolio to Dwarf Banks in Private Sector Lending

SACCOs Expand Loan Portfolio to Dwarf Banks in Private Sector Lending

Kenya’s Deposit-Taking Savings and Credit Cooperative Organizations (DT-SACCOs) expanded their loan portfolio to dwarf commercial banks in the private sector…
Kenya’s Economic Growth Down to 4.7% in 2024, Says KNBS

Kenya’s Economic Growth Down to 4.7% in 2024, Says KNBS

Kenya’s economy expanded by 4.7% in 2024, down from the 5.7% growth registered in the previous year, according to the…
How Ban on Foreign Currency Will Affect International Transactions in Tanzania

How Ban on Foreign Currency Will Affect International Transactions in Tanzania

The Bank of Tanzania (BoT) imposed a ban on the use of foreign currencies for local transactions in Tanzania, effective…
AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut

AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut

The United States government has proposed ending its contributions to both the African Development Bank (AfDB) and its concessional arm,…
Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025

Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025

Kenya’s Kisumu Port is emerging as a key inland logistics hub, with the latest data from the Kenya Ports Authority…
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