Online Food Delivery In Kenya

Growth, Trends & Challenges of Kenya’s Online Food Delivery

Nairobi, Kenya – Kenya’s online food delivery industry is experiencing unprecedented growth, driven by increased digital adoption and shifting consumer habits. Recent reports indicate that in 2023, the sector generated approximately $103 million, with projections suggesting an annual growth rate of over 19%. This rapid expansion underscores the growing reliance on digital platforms for meal…

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Btc

Kenya’s Central Bank Introduces Policy to Regulate Cryptocurrency Market

Kenya is taking significant steps to regulate its cryptocurrency market. The National Treasury has unveiled a draft policy aimed at overseeing digital assets like cryptocurrencies, with a proposed budget of approximately KSh 1.82 billion. Budget Breakdown: Treasury Cabinet Secretary John Mbadi emphasized that the policy draws from international regulatory approaches, aiming to create an adaptive…

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Chama

The Chama Revolution: Kenyan Banks Targeting Investment Clubs

In Kenya’s vibrant financial ecosystem, chamas, or informal investment clubs, have emerged as powerful tools for wealth creation. These groups, traditionally formed by friends, families, or colleagues, pool resources for collective investment. While chamas started as simple savings initiatives, their growing influence has now captured the attention of major banks and financial institutions. From Informal…

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Black Friday

E-Commerce Sales Surge by 83% During Black Friday Across Africa

Nairobi—This year’s Black Friday marked a significant milestone for e-commerce across Africa, with platforms in Kenya, Nigeria, and South Africa recording an 83% surge in sales compared to the previous year. Industry insiders credit extended promotional periods and attractive discounts for the exceptional growth. Shoppers Embrace Extended DealsUnlike traditional one-day sales, many e-commerce platforms adopted…

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Kengen

KenGen Signs KSh 250M Geothermal Deal to Boost Eswatini’s Energy Independence

Kenya Electricity Generating Company (KenGen) has secured a consultancy contract worth KSh 250 million with the Eswatini Electricity Company (EEC). This agreement underscores KenGen’s expanding influence as a regional leader in renewable energy, particularly in geothermal power, a sector in which Kenya boasts significant expertise. The deal will see KenGen provide geothermal drilling and advisory…

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Digital Service Tax

Kenya Advocates for Digital Service Tax Across East Africa to Boost Revenue from Growing Online Economy

Kenya is pushing for its neighbors in the East African Community (EAC) to adopt a harmonized Digital Service Tax (DST) to enhance regional revenue collection in the growing digital economy. This move aligns with global trends where governments are targeting digital services to ensure fair taxation from multinational tech companies. The DST, first introduced in…

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