The National Commercial Bank of Africa (NCBA) has reported a substantial increase in digital loan disbursements during the first half of the year, attributing this growth to the popularity of its digital lending platforms, particularly Fuliza and M-Shwari. According to the latest financials for H1 2023, these digital channels have played a pivotal role in [read more …]
Uganda Airlines to Ramp Up Flights to Mombasa Amid Growing Trade and Tourism
Uganda Airlines is set to increase its flights to Mombasa, a move that reflects the growing significance of the route in the airline’s operations. The airline currently operates three flights a week from Entebbe, Uganda to Mombasa, utilizing CRJ-900 jets with a capacity of 76 passengers each. These flights have been consistently filling up, with [read more …]
Animal Feed Prices Remain High Despite Duty Waiver Extension, Challenges Persist
Despite the extension of the duty waiver for manufacturers to import raw materials, the prices of animal feed in Kenya continue to remain high, mainly due to the scarcity and elevated cost of critical raw materials like soya beans and maize in the global market. The Association of Kenya Feed Manufacturers (AKEFEMA) highlighted that while [read more …]
Kenya Breweries Limited Partners with Murang’a County to Empower Sorghum Farmers
The Kenya Breweries Limited (KBL) has entered into a partnership with Murang’a county in a move aimed at supporting local farmers engaged in sorghum cultivation. This collaboration is part of KBL’s broader community empowerment initiatives and is expected to provide farmers with a range of benefits to enhance their agricultural practices. The partnership will encompass [read more …]
Kenya’s Government Plans to Tax Digital Music Industry, Raising Concerns for Artists
Kenya’s government is taking steps to tax the digital music industry, setting up digital traps to capture revenue from virtual music platforms. The music sector, although holding immense potential, currently occupies a marginal position in Kenya’s economy, falling under the broader category of arts, entertainment, and recreation. According to Kenya’s Economic Survey 2023, the arts, [read more …]