Digital loan defaults hit 40 Percent, piling pressure on lenders
The default rate on popular digital loans surged to highs of up to 40 percent in the year ending December 2024, according to a report by the sector lobby. This…
The default rate on popular digital loans surged to highs of up to 40 percent in the year ending December 2024, according to a report by the sector lobby. This…
Weetabix East Africa is investing Sh200 million in upgrading its Nairobi production facility as part of a broader strategy to penetrate the European and American markets. This move marks a…
The Kenyan Treasury has committed Sh12.9 billion to join the Africa Finance Corporation (AFC), reinforcing the country’s push to finance major infrastructure projects through the multilateral development institution. This investment…
Bomet University College is on track to receive its charter and transition into a fully-fledged university later this year. Speaking at the institution’s Fourth Annual International Innovation Conference, University Council…
The Ministry of Information, Communications, and the Digital Economy, in collaboration with Huawei and UNESCO, has launched the second phase of the Digischool Internet Project at Machakos School for the…
Scholars, publishers, and authors have petitioned the East African Community (EAC) Council of Ministers to expedite the ratification of Kiswahili as the official language of the regional bloc. The move…
The Communications Authority of Kenya (CA) has directed individuals importing Information, Communication, and Technology (ICT) equipment to acquire the necessary licenses before bringing the products into the country. In a…
Nyeri Governor Mutahi Kahiga was notably absent as President William Ruto convened a meeting with leaders from the Mt Kenya region at State House on Monday. The gathering, attended by…
Authorities in Nyamira County have arrested three individuals accused of assaulting a woman during a burial ceremony. The arrests, made on Monday, March 24, followed public outrage after a video…
The Kenya Revenue Authority (KRA) has launched an online auction featuring a variety of items, including clothes, household goods, and motorcycles. In a notice issued on Monday, March 24, KRA…