Kenyans can now enjoy shopping on credit at Naivas supermarkets, thanks to an innovative partnership with Visa. This new initiative aims to provide more payment solutions and ease the financial strain on consumers, especially in the face of shrinking disposable incomes.
The Treasury has proposed a significant Sh5.2 billion allocation to Konza Technopolis for the establishment of a state-of-the-art data centre and other crucial facilities in the upcoming fiscal year, marking a substantial increase from the current budget.
Stanbic Bank has upgraded its core banking system to the latest version of Temenos 24, enhancing service delivery and efficiency for its customers.
Coca-Cola has announced plans to significantly increase its investment in Kenya by up to Sh23 billion ($175 million) over the next five years, contingent upon meeting expected growth targets in the nation.
NCBA Group has reported a robust start to the year with a profit after tax of Sh5.3 billion in the first quarter of 2024, marking a significant increase from Sh5.1 billion in the same period last year. The growth was driven by improved operating income and a nearly 40 percent drop in credit loss provisions.
Ghana is set to choose a company by December to build its first nuclear power plant, a significant step toward closing electricity supply gaps in Africa, where over 600 million lack access to electricity. Contenders include France’s EDF, US-based NuScale Power, China National Nuclear Corporation, and others.
Kenya’s education sector is set to receive a significant boost with a $32 million (Sh4.2 billion) investment from the US, aimed at fostering innovation, research, and job growth in STEM fields. This funding supports new partnerships between Kenyan universities and industry, announced during President William Ruto’s visit to the US.
Jambojet is set to launch its new Mombasa-Zanzibar route on July 1st, 2024, marking a significant boost for tourism and trade between Kenya and Tanzania.
