Kenyans flock Safaricom's new MMF product Ziidi, as invetsments hit Sh2.85B Ziidi MMF allows customers to invest funds directly from their M-PESA wallets, enabling them to earn daily accrued interest on their investments Mass layoffs looming as CMC Motors shuts operations in East Africa after 40 years Since its acquisition by the Al-Futtaim Group in 2014, CMC Motors Group has been part of a broader portfolio under CMC Holdings Ltd Billionaire Narendra Raval's Biography: Early beginnings, family, 9 companies he owns Devki Group has become a giants of Kenya’s construction sector, producing Simba cement and various construction materials like reinforcement bars and barbed wire. How 2025 employee payslips will look like after new NSSF deduction rates What employees and employers should expect after the increased NSSF rates are implemented. Safaricom partners with 3 fund managers to launch new money market fund The development comes days after Safaricom was granted license to offer insurance services through M-PESA TotalEnergies makes bold move regarding business relations with Adani The French energy giant emphasised that it was not involved in the allegations and remains committed to protecting its interests CBK guide on how to spot authentic 2024 Kenyan banknotes The Central Bank of Kenya announced the roll-out of updated Sh50, Sh100, Sh200, and Sh500 notes, which will circulate alongside the 2019 series Elon Musk’s wealth hits new record with post-Trump election windfall The post-election windfall has seen Elon Musk build a gap of $129 billion over the world’s second richest person, Jeff Bezos. Investors commit Sh45M to creative entrepreneurs at Afreximbank’s CANEX pitch session African Export – Import Bank’s (Afreximbank) Angel investors participating in a pitch session at the just-concluded CANEX WKND 2024 in Algiers have committed a total of US$350,000 in investment into the three best pitches presented at the competition. Polycarp Igathe makes another major career move Polycarp Igathe who is one of Kenya's most-sought after corporate bigshot boasts of an impressive career that has seen him work with several multi-national companies. 5 mistakes entrepreneurs make when starting retail business & practical solutions Here are 5 of the most common mistakes businesspeople make when entering the African retail sector, along with detailed discussions and expert-recommended solutions for each Safaricom announces changes in M-Pesa, call, data & SMS charges Following the enactment into law of the Finance Act 2023 and the Court of Appeal ruling on 28th July 2023, Kenyans will now have to live with new taxes Troubling times ahead as shilling weakens for a second year Who will save us? Government backs out of plan to own Kenya Airways The Government still aims to provide financial support Kenya Airways begins flights from Juba to Khartoum A new dawn Kenya shilling continues to lose value as Tanzania, Uganda rise The shilling hit a record low earlier this month, trading at Sh112.83. Kenyan company, Pariti secure over sh300m investment The company was co-founded by Yacob Berhane and Wossen Ayele. YouTube extends commitment to support African creators as Africa Creator Week kicks off YouTube has kicked off the second edition of Africa Creator Week. The programme seeks to showcase and support content creators from across the continent and extend YouTube’s commitment to nurturing black creators and artists as part of the #YouTubeBlack Voices programme. Why Investment in Technology is Vital for Your Business The technological landscape is changing, and <a href="https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and-transformed-business-forever">doing so more palpably as we emerge from the rigours of Covid 19</a>. It is vital for businesses to invest in technology as it continues to advance – but why? How can investment in tech help your business? Subscribe to receive daily news updates. 
