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BUSINESS

This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Visa’s One-Stop Entrepreneur Platform Expanded to Empower Small Businesses

The one-stop entrepreneur education website created by Visa comes in the midst of the current economic crisis that has impacted millions of SMBs locally, providing tools for SMB-owners to aid in keeping their businesses afloat and to identify opportunities for potential growth amidst the situation.

Why Lyft Nicotine Pouches Could Soon Make a Comeback in Kenya

Health Cabinet Secretary Mutahi Kagwe had in October 2020 declared the registration of nicotine pouches including BAT's Lyft brand illegal. The move followed intense lobbying by groups including the Kenya Tobacco Control Alliance (Ketca), who wanted the products heavily regulated and taxed.

WPP-Scangroup CEO Bharat Thakar Suspended, Investigation Launched

Bharat Thakrar has over thirty six years in advertising and communication. He is considered a pioneering figure for the country's lucrative marketing industry. He founded Scanad, now Scangroup, in 1982 and built it up into a marketing behemoth.

 HF Group, Interswitch Launch International Money Transfer Service

The IMT service will enable HF’s diaspora customers to remit funds seamlessly into any HF account and also provides a simplified channel for them to make their loan or mortgage payments. Robert Kibaara, HF Group Chief Executive Officer, said the company has made significant investments in technology as it diversifies into full-service banking.

Africa’s Best Online Shopping Destinations: Kenya Falls 4 Places in UNCTAD...

Kenya was overtaken by Tunisia, Algeria, Ghana and Libya who occupied third, fourth, fifth and sixth positions respectively on the index. Africa's largest B2C ecommerce market, Nigeria, also dropped to eighth from third.

NSE Steps Up Gender Equality Push After Joining 30% Club

NSE Chief Executive Geoffrey Odundo described the traditional exclusion of women from positions of power in business as a 'legacy' issue that needed to be dealt with, voicing his appreciation for companies that were taking steps to change the narrative.

Remote 4G the Difference as Safaricom Ranked Kenya’s Best Service Provider

After multiple drive tests and assessment of the different mobile networks for call and data performance, Umalut discovered Safaricom to be the only mobile operator to deploy Voice over LTE (VoLTE) services across the country including in rural areas scoring the best call set-up time.

Kenya Secures Ksh262 Billion IMF Package for Covid-19 Recovery

The IMF expounded in its statement that the decision to pause fiscal adjustment this year would allow accommodating health, social, and development spending to support the recovery, complemented by accommodating monetary policy.

StarTimes Tempts New Subscribers With 33% Price Reduction

StarTimes Regional Marketing Director Aldrine Nsubuga noted that to achieve its goal of ensuring majority of households have access to digital TV, the firm had prioritized making the initial cost of device acquisition as affordable as possible. The firm stated that it would extend one month free access to the top bouquet for the new terrestrial and satellite platform subscribers.

50,000 Entrepreneurs, Jobless Kenyans to Benefit from New Microsoft, Stanbic Programme

The digital learning and skilling initiative is purposed to bridge the digital divide across the various counties in Kenya. Training will take place in select institutions and is expected to have a total of 1,000 government employees upskilled and seconded to the program as instructors and eventually place 2,000 youth into employment by the end of 2021.