Say Goodbye to Manual Record-Keeping—Hello to Smart, Secure, & Automated Finance! In Kenya and across Africa, Chamas, SACCOs, and merry-go-round groups have long been the backbone of community savings and financial empowerment. But despite their importance, many still struggle with manual bookkeeping, lost records, loan disputes, and transparency issues—problems that can erode trust and slow…
NAIROBI—Kenya is steering billions of dollars in international aid toward a single, urgent national goal: creating jobs. In a major shift, the government is retooling its long-standing partnership with the World Bank to ensure that a massive $5.96 billion portfolio of projects directly fuels employment and builds up the country’s industries. This move follows high-level…
NAIROBI — In an enforcement of digital privacy rights, Kenya’s data protection authority has confirmed the complete and verified deletion of sensitive biometric information belonging to its citizens, which was collected by the controversial cryptocurrency project WorldCoin. The Office of the Data Protection Commissioner (ODPC) announced that Tools for Humanity, WorldCoin’s parent company, has erased all iris…
Introduction to REITs Real estate investment trusts (REITs) offer an exciting opportunity for Kenyan investors looking to diversify their portfolios. By pooling funds from multiple investors to purchase, manage, or finance income-generating real estate, REITs allow individuals to invest in large-scale properties without directly buying or managing them. In a country where real estate remains…
A chama, derived from the Kiswahili word for “group,” is a self-help initiative that operates on the principles of collective saving and investment. These informal cooperatives have become a powerful financial tool, empowering individuals and communities across Kenya. With origins tracing back to the 1960s, chamas have evolved significantly, transitioning from simple savings groups into…
