In Nairobi’s fast-paced ride-hailing industry, a quiet revolution is happening – driven by women who are taking back control of their time, income and mobility. Once dominated by male drivers, platforms like Uber and Bolt are now attracting more and more female drivers. Many of these women are mothers, former corporate professionals or small business …
From June 2025 the Central Bank of Kenya (CBK) will start imposing daily penalties on commercial banks that don’t pass on lower interest rates to borrowers despite the recent rate cuts. This comes after the CBK has cut the Central Bank Rate (CBR) from 13% to 10% since August 2024 to reduce borrowing costs and …
Kenya is undergoing a big transformation as more people turn to entrepreneurship due to instability in formal employment. A new 2025 Money March report by digital lender Tala shows this shift, with full-time employment going down while business ownership is up. Full-Time Employment Down According to the report, full-time employment in Kenya has gone down …
Absa Bank Kenya PLC Board appoints Anne Nyongesa as new Company Secretary Nyongesa takes over from Wilson Murage who has retired to pursue other interests. “The Board of Directors of Absa Bank Kenya PLC (‘Absa Kenya’) is pleased to announce the appointment of Ms. Anne Nyongesa as the Company Secretary with effect from February 28, 2025. We welcome Ms. …
KRA has created two new departments as part of its plan to increase its tax net and target small traders who have always been outside the tax net. This is expected to boost tax compliance and address the persistent revenue shortfalls. New Departments to Strengthen Tax Collection KRA Commissioner-General Humphrey Wattanga has established a stand-alone Micro …