(NAIROBI, KENYA) – A UK government investment arm is buying a 6.5% stake in Kenyan retailer Quickmart through its initial public offering (IPO) for KES 1.94 billion ($15 million), the latest foreign anchor investment in the chain. The Foreign, Commonwealth and Development Office (FCDO) will buy 260 million of theContinue Reading
(NAIROBI, KENYA) – Naivas, Quickmart and Carrefour now hold a combined 60% of Kenya’s formal retail market, driven by fast store expansion across the country. Naivas leads with a 31% market share by estimated revenue in 2025, according to disclosures by Quickmart, citing market intelligence firm Sagaci Research. Quickmart publishedContinue Reading
(NAIROBI, KENYA) – Naivas Supermarkets is preparing to extend operating hours at some of its outlets as retailers position themselves to capture festive season spending amid growing pressure on household budgets. The retailer says some stores could operate around the clock during the peak shopping period that the three monthContinue Reading
(NAIROBI, KENYA) – Kenya Airways is replacing the core technology that has powered its bookings, ticketing, inventory management and airport check in for more than two decades. This forms part of the national carrier’s major overhaul of its commercial and digital operations. The airline has picked US based travel technologyContinue Reading
(NAIROBI, KENYA) – Kenya could take at least 41 years to reach its target of registering one million .ke domain names if the current rate of growth is sustained, the state agency mandated with the registration has said. The Kenya Network Information Centre (KENIC) says the scale of the challengeContinue Reading
(NAIROBI, KENYA) – Two farmers from Kakamega County face up to 14 years in prison or a fine of KES 5 million for allegedly withholding KES 33,952 that was mistakenly sent to a mobile money account two years ago. The amount equals approximately $263 / £208 / €239 at currentContinue Reading
(NAIROBI, KENYA) – Ride hailing company Bolt has invested more than KES 19 billion in Kenya over the past decade, a period that has seen the platform serve over eight million riders and create income opportunities for more than 170,000 drivers and couriers. The investment amounts to approximately $147 millionContinue Reading
(NAIROBI, KENYA) – Kenyan businesses face higher costs to interact with customers online as Meta begins charging for messages firms send on WhatsApp in response to customer queries. Beginning 1st October, the US technology giant will introduce a charge of KES 0.52 (about $0.0040 / £0.0031 / €0.0037) for eachContinue Reading
(NAIROBI, KENYA) – Visa, _able and Onafriq have partnered to help financial institutions expand access to formal credit in Kenya and other markets across Central and Eastern Europe, the Middle East and Africa, using existing debit and prepaid cards. The partnership is aimed at allowing eligible financial institutions to addContinue Reading
(NAIROBI, KENYA) – Global cross-border payment platforms are cutting off cash transfer services to Kenya amid increased anti-money laundering scrutiny, with US firm Sendwave and UK-based Wise becoming the latest to restrict Kenyan users. Sendwave stopped wallet services in Kenya from August, citing technical difficulties. Wise has restricted some KenyanContinue Reading
