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.
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.
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.
Microsoft and G42 are teaming up to build a hyperscale data centre in Kenya, part of a US$1-billion investment plan in the region. This initiative forms a key part of a comprehensive digital investment package in Kenya.
Liquid Intelligent Technologies has announced a groundbreaking partnership with Eutelsat Group to bring enterprise-grade Low Earth Orbit (LEO) satellite services to Africa. This collaboration will make high-speed, low-latency satellite connectivity accessible across the continent, revolutionizing the way businesses and communities connect.
CIO Africa is proud to announce its sponsorship and media partnership for the second edition of the Gitex Africa Summit, scheduled to take place in Marrakech, Morocco from May 29th to 31st, 2024. This event is set to be a pivotal moment for the African tech industry, showcasing the continent’s rapid technological advancements and facilitating global connections with Africa’s vibrant tech ecosystem.
Kenya witnessed the creation of at least 848,200 new jobs in 2023, even amidst a challenging economic environment where many firms opted for retrenchment to reduce operational costs. The Kenya Economic Survey 2024, released by the Kenya National Bureau of Statistics (KNBS), reveals that the informal sector was a significant contributor, accounting for 720,900 of these jobs, which is 85% of the total.
