Author: Lorine Otamo

The majority of Kenyan consumers remain confident in their ability to repay digital loans, even in the face of ongoing economic difficulties according to a survey conducted by digital lender Tala. It found that 70% of digital credit consumers attributed the increased confidence to a decline in inflation rates over the past six months. Borrowers primarily used loans for education (46%), business supplies (44%), and daily living expenses (26%). Annstella Mumbi, General Manager at Tala, emphasized the critical role of accessible and affordable credit in empowering individuals and businesses. “Looking at consumer credit trends defining the first half of this…

Rosslyn Riviera Mall has undergone a significant renovation and is now open to the public. Located along Limuru Road, the mall offers a variety of curated experiences, including shopping, dining, and entertainment. The mall has introduced new features and amenities that enhance the visitor experience. These include updated interior designs, expanded dining options, and improved retail spaces. “We’ve created a space that offers a unique and engaging experience for all our visitors,” says Joshua Muinde, CEO of Rosslyn Riviera Mall. Rosslyn Riviera Mall is committed to sustainability, with energy-efficient systems, green rooftops, and recycling initiatives. According to Muinde, this one-of-a-kind…

Kakuzi, a listed agribusiness firm, reported a pre-tax profit of KES 507 million for the six months ending June 2024, driven by a steady rise in earnings from macadamia and avocado exports. The company noted that global demand for macadamia nuts has returned to pre-pandemic levels. This surge in demand contributed to a 35% increase in total turnover to KES 1.175 billion. Managing Director Chris Flowers attributed the strong performance to a buoyant international avocado market. “In line with our expectations, the global macadamia industry has taken a positive turn, with all markets recording a return to near normal (pre-COVID…

East Africa’s largest bank by asset value, KCB Group, is prioritizing environmental and social responsibility. Their 2023 Sustainability Report reveals a significant focus on green initiatives. Half of the Loan Portfolio Screened for Sustainability KCB screened Ksh 615 billion (nearly half of their total loans) for environmental and social risks in 2023 a demonstration of their commitment to sustainable lending practices. During the period, it approved Ksh 21.4 billion in green loans representing 15.5% of their total loan portfolio. These loans support projects in areas like e-mobility, climate change adaptation, renewable energy, and energy efficiency. The group is currently leading…

Jubilee Insurance has launched an ambitious campaign titled “There’s Living, and There’s Living Free.” This initiative aims to bridge the gap between complex insurance concepts and the everyday needs of customers across the East African community. The “There’s Living, and There’s Living Free” campaign seeks to enhance financial literacy and empower individuals to make informed decisions regarding investment and insurance solutions. By doing so, Jubilee Insurance aims to secure their financial futures and contribute to long-term stability. Financial literacy in East Africa faces challenges compared to more developed regions. According to the 2021 Global Financial Literacy Survey, Kenya’s financial literacy…

The Africa Centers for Disease Control and Prevention (Africa CDC) has declared mpox a public health emergency of continental security. In a virtual press briefing, Africa CDC Director General Jean Kaseya announced the declaration, emphasizing the organization’s unwavering commitment to African citizens. “With a heavy heart but with an unyielding commitment to our people, to our African citizens, we declare mpox as public health emergency of continental security,” Jean Kaseya said. “Mpox has now crossed borders, affecting thousands across our continent, families have been torn apart and the pain and suffering have touched every corner of our continent.” Professor Salim…