News

The Central Bank of Kenya (CBK) has seen its foreign exchange reserves reach a four-year peak, growing by US$1.97 billion over the past ten weeks as the bank actively purchased excess dollars amid increased supply of the currency. The most […]

Vodacom Group Ltd., Africa’s largest phone company by market value, has reported an 18% decline in first-half net income, primarily due to currency devaluations in Egypt and Ethiopia. The company’s net income fell to 6.84 billion rand ($388 million) during […]

The government of Kenya is planning to introduce a new medical insurance scheme specifically for civil servants, outside of the recently launched Social Health Insurance Fund (SHIF). This proposal comes from the Treasury Cabinet Secretary, John Mbadi, who has introduced […]

The 29th Conference of Parties (COP29) opens today in Baku, Azerbaijan, marking another crucial chapter in global climate negotiations. The 12-day conference follows last year’s significant Dubai meeting, where nations achieved two major breakthroughs: establishing a fund for climate-vulnerable countries […]

In the immediate aftermath of what is described as Trump’s victory over Vice President Kamala Harris, African leaders have moved quickly to establish connections with the incoming administration. Leaders including Kenya’s William Ruto, Egypt’s Abdel Fattah el-Sisi, Ethiopia’s Abiy Ahmed, […]

Kenyan fintech startup Chumz is expanding its operations to Rwanda after achieving significant success in its home market. Chumz, which was formed in late-2019, has developed a mobile app that helps users set and achieve their saving and investment goals […]

The Communications Authority (CA) of Kenya has provided clarity on the new tax compliance system for mobile phones. CA Director General David Mugonyi acknowledged that Kenyans had expressed concerns about data privacy, and he addressed these concerns during a meeting […]

OpenAI has recently secured a massive $6.6 billion funding round, which is being hailed as the largest venture capital round in history. This latest investment values the company at an astounding $157 billion post-money, bringing their total raised capital to […]

The African Development Bank Group has unveiled a new digital platform called the Gender Marker System Dashboard to track the progress of gender equality mainstreaming in its projects across Africa.

This online tool is an extension of the Bank’s existing Gender Marker System, which categorizes projects based on their impact on gender equality and women’s empowerment. The Gender Marker System uses four classifications: GEN I for projects primarily focused on gender equality; GEN II for projects with gender equality as a significant outcome; GEN III for projects with some gender-related outputs; and GEN IV for projects with minimal gender-related activities.

Yesterday, we witnessed the first step of the Deputy President Rigathi Gachagua’s impeachment process, here’s what you need to know about the impeachment process in Kenya: Impeachment is a critical constitutional process vested on the Constitution of Kenya. It is […]