2024 will be tough for developing countries as they continue to face challenges in accessing international capital markets due to high levels of external debt and rising interest rates.
Author: Antony Mutunga
Nicanor Sabula returns to lead the Kenya Association of Travel Agents after a brief exit in 2020. He takes over from Agnes Mucuha.
Over the years, Kenya has emerged as a promising destination for private financing attracting funds from domestic and international sources.
Start-up Bill was to solve Kenya’s rising unemployment and investment challenges
Kenyans love instant payments and thus Unstructured Supplementary Service Data (USSD) comes out as a better option.
After the election win in August 2022, the economy was crucial for the Kenya Kwanza political alliance headed by President William Ruto. At the time, 2023 was expected with a lot of optimism as many were looking forward to a thriving economy. However, what awaited Kenyans was the rising cost of living and new policies. It is sad that the government has yet to reward voters by making changes that would reduce the cost of living, promote businesses, create opportunities, and improve the economy. There has been utter confusion with one change after another, and Kenyans are not happy. While…
BY ANTONY MUTUNGA Africans with access to mobile technology will be forced to be aware of the evolving tactics hackers now use to target users as cyber-criminals have increased their attention to the continent. In a report, cybersecurity and anti-virus provider Kaspersky, has revealed that the number of mobile threats for Android devices in the Middle East, Türkiye, and Africa (META) region increased by 5% in second quarter (Q2) 2023 compared to the same period in 2022. Besides mobile banking threats, the company says, the most prevalent mobile security threat that was detected in Africa is adware, a type of…
BY ANTONY MUTUNGA As the Israel-Hamas crisis intensifies, millions of citizens, especially ordinary individuals, are now active on social media platforms – they are directly affected and thus, in need of aid from the rest of the world, with many calling for donations through different channels. However, it is disheartening that most of the “soft requests” are created by hackers and cyber-criminals taking advantage of the war to enrich themselves at the expense of the true victims of the crisis. The use of deepfake technology, which entails manipulation of facial appearance through deep generative methods, has become popular and quite…
The company now operates 21 Carrefour stores countrywide, 17 of which are located in Nairobi, while Kisumu and Mombasa host two stores each. Majid Al Futtaim-owned retailer, Carrefour has opened its second store in the heart of Nairobi CBD, following the Comet House store, which opened its doors to the public in 2022 as part of its growth strategy in the country. Located at St Ellis Plaza on Wabera Street, opposite City Hall and spanning 500 square metres, the new store offers a wide range of product categories including fresh fruits and vegetables, fresh and dry foods, and home essentials,…
Posta Kenya needs support from the Universal Service Fund (USF) to subsidize operations of 300 offices which do not make any business sense Postal Corporation of Kenya (PCK) is in the process of transforming its outlets into comprehensive communications solutions hubs, offering a spectrum of services, including e-Payment, e-Governance, and E-commerce, among other innovations. Speaking during the commemoration of the 148th World Post Day in Nairobi, John Tonui, the Postmaster General and CEO of PCK said postal services are a key contributor to the growth of e-commerce, with Business to Customer (B2C) e-commerce being most effective where there is high…