In today’s fast-paced financial landscape, two powerful models have emerged as game-changers for underserved populations: microfinance and digital banking. Both aim to bring financial services to those excluded from traditional banking systems, but they do so in fundamentally different ways. As technology advances and the demand for inclusive financial solutions grows, the question arises: What…
Nairobi Kenya: The Nairobi Securities Exchange (NSE) has set an ambitious target to bring in 9 million retail investors over the next five years. The plan, launched in early 2024, seeks to revive activity in the stock market by making investments more accessible to ordinary Kenyans and the diaspora. Currently, out of the 1.5 million…
Nairobi Kenya: Kenya Power has announced a net profit of KSh30.08 billion for the financial year ending June 2024, marking a dramatic turnaround from a net loss of KSh3.19 billion recorded in the previous year. This significant recovery has enabled the utility firm to declare a dividend of KSh0.70 per share, the first such payout…
Nairobi Kenya: A total of 23 commercial banks in Kenya have lowered their lending rates following successive interest rate cuts by the Central Bank of Kenya (CBK). The move is expected to make borrowing more affordable and stimulate economic activity across various sectors. According to data released in December, the average lending rate declined to…
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…
