Nairobi-based lender M-KOPA is expanding into the Nigerian market, and have hired an ex-Andela executive for the job | DAVID THOMAS | Kenya’s M-KOPA, which offers underbanked customers finance to acquire solar lighting, smartphones, TVs and domestic appliances, is expanding into Nigeria after a successful pilot project. M-KOPA, which means …
Read More »Uganda eyes new terms as Kenya – Tanzania ‘economic fight’ rages
Kampala, Uganda | THE INDEPENDENT | Experts believe Uganda could benefit from the East African Region “economic war” between the two local giants, Kenya and Tanzania. A fight for Uganda’s cargo has emerged in the past two years, with Kampala seeking to take advantage of the war, by tabling new conditions. Apart …
Read More »Can EAC partner states have centralized tax system?
Kenya charges 16% VAT while the rest impose 18% on products produced within their countries | THE INDEPENDENT | Uganda’s finance ministry and Uganda Revenue Authority executives have agreed that there is need to centralize collection of revenues within the East African Community. This, they say, will play an important …
Read More »Safari rally re-establishes Kenya’s place in global motorsport high table
Nairobi, Kenya | Xinhua | The ultimate test between man and machine roared back to life during the past week with the successful hosting of the 2021 Safari Rally in Kenya. On June 27, Frenchman Sebastien Ogier was crowned the winner of the WRC Safari Rally 2021 for his fourth victory …
Read More »Kenya calls for new approaches to eliminate malaria in Africa by 2030
Nairobi, Kenya | XINHUA | Kenya on Friday called for new approaches and effective strategies to eliminate malaria in Africa by 2030. Mutahi Kagwe, Health Cabinet Secretary said the continent must focus on the prevention from the source and embrace the principles of primary healthcare. “To eliminate malaria, we must …
Read More »Kenya to boost labor emigration to enhance diaspora remittances
Nairobi, Kenya | XINHUA | Kenya’s Edwin Kamau secured a job as a mechanic in the gulf state of Qatar. He is set to join the growing number of Kenyans seeking greener pastures abroad. The 27-year-old father of three was recruited last week by an employment agency based in Nairobi …
Read More »Kenya to harness technology to boost insurance penetration
Nairobi, Kenya | Xinhua | Kenya plans to harness technology in order to boost insurance penetration in the country, the insurance regulator said on Monday. Godfrey Kiptum, CEO of Insurance Regulatory Authority (IRA) told journalists in Nairobi that the use of Internet of things, blockchain, Big Data, application programming interface, machine …
Read More »East African mulls COVID-19 economic recovery plan
Nairobi, Kenya | XINHUA | The East African Community (EAC), a regional economic bloc, is planning to develop a COVID-19 economic recovery plan to help the region rebuild from the negative effect of the pandemic.Juvenal Ndimurirwo, director of finance for the EAC Secretariat, told a virtual meeting Friday that the …
Read More »Kenya’s consumer credit platform enters Ugandan market
Kenya’s consumer credit platform, Lipa Later, has expanded into the Ugandan market, enabling customers to access credit to purchase products from retailers and supermarkets in monthly instalments. Kampala, Uganda | JULIUS BUSINGE |The firm, which also has operations in Rwanda, said the new service will enable customers to purchase latest …
Read More »Martha Koome sworn in as Kenya’s new Chief Justice
Nairobi, Kenya | THE INDEPENDENT | Justice Martha Karambu Koome was today sworn in as the country’s 15th Chief Justice and the first female to ascend to the highest judicial office in Kenya’s history. The new Chief Justice and President of the Supreme Court of Kenya was today sworn in at …
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