The construction industry in Kenya is experiencing a significant rise in costs, impacting both developers and consumers. According to the Kenya National Bureau of Statistics (KNBS) Construction Input Price Indices for the second quarter of 2024, the overall construction cost index increased to 119.06. This article delves into the factors contributing to this increase, examining […]
Kenya, a country renowned for its breathtaking landscapes and diverse wildlife, is also rich in mineral resources. The mining sector is a vital part of Kenya’s economy, contributing significantly to the country’s GDP and providing employment opportunities. In this comprehensive guide, we delve into the key minerals mined in Kenya, their specific locations, and their […]
In a significant demonstration of environmental stewardship and community involvement, more than 1,000 participants, including hundreds of primary and high school students, gathered at Konza Technopolis in Machakos County to plant 30,000 seedlings. This event, held in June, was part of the Greening Konza Initiative, which aims to create a sustainable ecological future for the […]
The recent Stanbic Bank Kenya PMI® report has painted a grim picture for the country’s private sector in July. The ongoing protests and political instability have led to a steep decline in business activity, with the Purchasing Managers’ Index (PMI) plummeting to its lowest level since April 2021. Key Findings from the PMI Report According […]
Credit scores play a crucial role in determining loan eligibility and performance in Kenya’s financial market. According to the “Kenya’s Credit Market Landscape – Demand Side Analysis of Credit Records Held by Creditinfo CRB” report by FSD Kenya, CIS Kenya, and Creditinfo CRB, credit scores have become an essential tool for financial institutions in assessing […]
A trader at Nairobi’s Nyamakima has joined the millionaire club after winning Sh1 million in the ongoing KachingChing na Coke campaign. Ms. Pamela Kageni, a retailer in plumbing supplies, discovered the promotion while following updates on social media. “I was catching up on updates on Facebook when I saw a post about the KachingChing na […]
The advent of digital loans has revolutionized Kenya’s credit market, offering a convenient and accessible option for borrowers. According to the “Kenya’s Credit Market Landscape – Demand Side Analysis of Credit Records Held by Creditinfo CRB” report by FSD Kenya, CIS Kenya, and Creditinfo CRB, the digital lending sector has seen significant growth in recent […]
In Kenya’s credit landscape, male borrowers have historically dominated the market. However, recent trends indicate a gradual shift, with female borrowers making notable strides. According to the “Kenya’s Credit Market Landscape – Demand Side Analysis of Credit Records Held by Creditinfo CRB” report by FSD Kenya, CIS Kenya, and Creditinfo CRB, male borrowers consistently outnumber […]
Kenya Airways has signed a strategic partnership with Safaricom aimed atdriving innovations that will enhance the airline’s operational efficiency, strengthencybersecurity, and elevate the customer experience. Kenya Airways and Safaricom will focus on enhancing connectivity, in-flight Wi-Fi, InfrastructureInspection, Security Surveillance, loyalty programs, data science, software development, andaviation innovation in areas such as agriculture.Commenting on the partnership, […]
Kenya’s public debt situation remains a critical concern, with the government’s heavy reliance on domestic debt instruments to finance its budget. The July 2024 developments in the domestic debt market provide insights into the challenges and implications of this strategy. According to the Cytonn Monthly – July 2024 report, the domestic debt stock increased by […]
