The Capital Markets Authority (CMA) is exploring the development of an Unstructured Supplementary Service Data (USSD) code to enhance market access for local investors lacking internet connectivity. This initiative aims to address a significant barrier for domestic investors by providing mobile-based access to capital market brokers, products, and information.
Kenya is launching an ambitious initiative to boost tourist arrivals by engaging its diaspora. The Kenya Tourism Board (KTB) has unveiled a new marketing campaign, “Ziara Kenya: One Diaspora, One Tourist,” aimed at leveraging the global networks of Kenyans living abroad to increase tourism to Kenya.
Kim-Fay East Africa, a leading manufacturer and distributor of hygiene, tissue, and home care products, has secured debt funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This significant investment will support the company’s regional expansion efforts and enhance its production capabilities.
Kenya and Uganda have initiated discussions on extending the Eldoret-Kampala petroleum products pipeline, as announced by the Kenya Pipeline Company (KPC) on Tuesday. This strategic extension aims to enhance regional fuel distribution and improve access to petroleum products.
LemFi, a leading financial technology platform, is revolutionizing global money transfers with its cutting-edge solutions. Known for its ability to simplify and enhance financial transactions, LemFi is expanding its services to meet the needs of the Latin American diaspora. This strategic move marks a significant milestone as the company broadens its reach to Brazil and Mexico.
Huawei, a leading global provider of ICT infrastructure and smart devices, has committed to leveraging its digital transformation experience to boost business intelligence across Africa. During the recent Pan-African Data Centres Exhibition and Conference in Johannesburg, Dawei Li, Vice President of Huawei Sub-Saharan Africa, shared insights on the company’s role in advancing artificial intelligence (AI), cloud computing, and data center solutions.
At Safaricom’s 16th annual general meeting, shareholders approved a substantial final dividend of $189 million (KES 26.04 billion) for the financial year ending March 31, 2024. This approval reflects a final dividend of KES 0.65 per share, following an interim dividend of KES 0.55 per share paid in March 2024. The total dividend distribution for the year amounts to KES 1.20 per share, or $367 million (KES 48.08 billion).
Stakeholders in Kenya’s human resource sector are urging organizations to integrate technology into their HR practices to enhance efficiency and effectiveness. By adopting innovations such as artificial intelligence and data analytics, HR professionals believe Kenyan organizations can significantly improve talent management, boost organizational performance, and cultivate more inclusive workplace cultures.
