Wasoko was valued at $625 million after closing a $125 million Series B round in March 2022. [Photo/ Wasoko]

Wasoko CEO Moves to Zanzibar from Kenya With Developers

Update (9/1/2022): Wasoko told Business Today that while their CEO Daniel Yu and the majority of their technology team was relocating to Zanzibar,...

MARTIN SIELE2 Mins read

SMART MONEY

3 Pros And 3 Cons Of Investing In Initial Coin Offerings

You may have recently observed the rising popularity of cryptocurrency. Compared to fiat currency, crypto is digital and decentralized. When one says that...

BT Reporter3 Mins read

StarTimes Secures FIBA EuroBasket 2022 Broadcast Rights

Pay television company StarTimes has acquired the FIBA EuroBasket 2022 broadcast rights. The tournament will be star-studded as ever with the biggest names...

BT Reporter2 Mins read

Hospitals are questioning why they are being asked by NHIF to quote Ksh1,000 per year per beneficiary in their invoices instead of the agreed upon Ksh1,400. [Photo/ Langata Link Essentials]

Why Your Preferred Hospital Could Soon Decline NHIF

At least 660 hospitals in Kenya may walk away from the National Health Insurance Fund (NHIF) over a raft of complaints. The facilities...

MARTIN SIELE1 Mins read

With third-party agents and platforms out of the picture, all customers will only henceforth be able to either pay their bills or purchase tokens via official Kenya Power payment channels only. [Photo/ Facebook]

BUSINESS ECONOMY

Kenya Power Shuts Down Token Agents, Unauthorized Paybills

State-owned power utility Kenya Power is locking out third-party agents as it looks to centralize revenue collection. The company on Tuesday, August 30...

MARTIN SIELE1 Mins read

TECHNOLOGY

Kenyans To Pay Ksh3,000 For New Generation Digital Number Plates

The government has launched new generation of digital number plates at the GSU Recce unit Headquarters in Ruiru, Nairobi, that will cost motorists...

BT Reporter1 Mins read

Nairobi Governor Johnson Sakaja and his deputy Njoroge Muchiri when they addressed county workers at City Hall on August 29, 2022. [Photo/ @SakajaJohnson]

BUSINESS ECONOMY

Blunder or Masterstroke? Sakaja Dumps KRA for ‘Kanjo’ Revenue Collection

Nairobi Governor Johnson Sakaja has sparked a debate after announcing that collection of revenue by the county will revert to the Nairobi City...

MARTIN SIELE2 Mins read

BUSINESS

Family Bank Records Ksh2.3B Profit In The First Half Of 2022

Family Bank Group has posted a Ksh2.3 billion Profit Before Tax in the first six months of 2022. This is a 37.4 %...

BT Reporter1 Mins read

Safaricom subscribers will from August 30th be requested for their M-Pesa PIN instead of their Service PIN when purchasing data bundles. [Photo/ Dignited]

BUSINESS TECHNOLOGY

Safaricom Changes How to Buy Bundles With M-Pesa

Safaricom has introduced changes to the process of paying for data bundles using its M-Pesa mobile money service. Unlike at the moment where...

BUSINESS TODAY1 Mins read