Economy

Safaricom has announced scheduled maintenance for the M-Pesa system, which will take place on Monday, June 24, 2024, from 1 am to 1:30 am. During this period, M-Pesa services will not be accessible. Safaricom clarified that other services such as calls, data, and SMS will continue without interruption. The maintenance …

The ability to buy insurance has become a crucial factor influencing the landscape of education insurance in Kenya, despite facing challenges in increasing adoption. Amidst competing priorities, insurance providers offering education policies are navigating various factors to meet customer demands effectively. ALSO READ: Another Protester Dies After Teargas Incident in …

RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country’s carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.   “It’s been going on for a while, we have been discussing it for almost five years. So, now, …

CS Kuria announced that the government will directly pay Sh6.8 billion to coffee farmers as part of their debt waiver, bypassing lenders. He clarified that it’s the responsibility of lenders to pursue repayment from defaulting farmers using methods like Paybill. Kuria stressed that the government will no longer act as …

In a shocking development, Royal Credit Company has declared the immediate closure of Directline Assurance Company, with all its operations ceasing effective immediately. Dr. SK Macharia, the Chairman of Royal Credit Limited and owner of Royal Media Services, released a terse statement today confirming the closure and subsequent termination of …

Wavinya Ndeti, the Governor of Machakos, has urged for community involvement to discuss the potential prohibition of Muguka in the county. Speaking at a church service in Machakos, she emphasized the detrimental effects of Muguka on the youth and stressed the importance of collective decision-making through public participation. She highlighted …

As Kenya’s media sector grapples with enduring financial challenges, Nation Media Group (NMG) is poised to initiate another round of staff layoffs, signaling ongoing turbulence within the industry. Sources within the prominent media conglomerate, headquartered on Kimathi Street, disclosed that senior management convened an online session with employees on the …

Look Up TV has announced the closure of its newsroom after six years of being in operation. Effective from Friday, June 7, both its Swahili and English news broadcasts will cease. The shutdown will result in the termination of over 100 employees’ positions, including correspondents, reporters, anchors, and members of …

Experts anticipate that the Kenyan shilling will reach Sh138 against the US dollar by June, according to financial analysts. These projections come from Stears, a pan-African market insights firm, which observed significant fluctuations in the shilling during May, with a notable 2.09% appreciation between May 2 and 16. Despite this, …

The World Bank on Thursday approved the first of three budget support packages for Kenya worth $1.2 billion (Ksh.156 billion), to help the country address short-term fiscal pressures and accelerate green policies.ALSO READ: Ghana Toddler Sets World Record As The Youngest Male Artist The funding had been agreed amid an improved …