Struggles of the Modern Chama Picture this scenario, The last Saturday of the month. A group of twelve women—nurses, teachers, small business owners—crowd into a member’s living room in Kawangware. Notebooks sprawl across the coffee table. A worn ledger passes from hand to hand. Cash changes hands, but the tension is palpable. Sarah forgot her…
Central Bank of Kenya (CBK) prepares to unveil a new loan pricing model in April 2025. This highly anticipated move comes amid growing concerns about high borrowing costs and lack of transparency in how banks determine interest rates. But what exactly will this new model entail, and how will it affect millions of Kenyan borrowers?…
In today’s digital age, cyberattacks have become a persistent threat for businesses of all sizes. A single breach can not only tarnish a company’s reputation but also lead to severe financial losses and operational disruptions. While it might seem like something that only happens to large corporations, small and medium-sized enterprises (SMEs) are increasingly falling…
Recently, Bolt Kenya made headlines by awarding ten drivers Kshs 288,000 each as part of their €20,000 accelerator program. The initiative rewarded top-performing drivers who consistently provided excellent service, embodying Bolt’s commitment to improving livelihoods and enhancing the customer experience. This program, aimed at empowering hardworking individuals in Kenya’s growing gig economy, highlights a broader…
The Central Bank of Kenya (CBK) has taken another significant step in regulating the burgeoning digital credit sector. On June 27, 2024, CBK announced the licensing of seven more digital credit providers (DCPs), pushing the total number to 58. This move underscores CBK’s commitment to creating a well-regulated environment that fosters innovation while protecting consumers….
