Author: Ableditor

M-KOPA has acquired Finnish software company KilpiTek for Sh1 billion, bringing a key component of its device-financing technology in-house as the company strengthens its credit risk management capabilities. The acquisition gives M-KOPA ownership of technology used to remotely lock and unlock mobile phones and Internet of Things (IoT) devices. The software enables the company to manage access to devices financed through its credit-based payment model.For M-KOPA, which provides smartphones and other digital products through flexible payment plans, the technology plays a central role in managing the risks associated with financing devices for customers who may not be able to pay…

Britam has officially launched two investment products aimed at giving investors broader access to financial markets, including international equities and diversified asset classes. The two products, the Britam Enhanced Global Equities Special Fund and the Britam Multi Asset Special Fund, are designed to offer investors different approaches to building and diversifying their portfolios. The Britam Enhanced Global Equities Special Fund provides exposure to global companies and industries, allowing investors to participate in opportunities beyond Kenya’s domestic market. The fund offers a route for investors seeking international market exposure through a locally accessible investment product. The Britam Multi Asset Special Fund…

Frank Mwiti’s leadership of the Nairobi Securities Exchange (NSE) is increasingly defined by a question that extends beyond share prices: how can Kenya’s capital markets mobilise more money from investors and channel it into businesses, infrastructure and long-term economic growth? Since taking over as chief executive in February 2024, Mwiti has been pursuing a broader transformation of the exchange, with an emphasis on attracting investors, diversifying revenue and developing products that make the market more accessible. His appointment followed a career spanning investment banking, corporate finance and professional services. The challenge is significant. A stock exchange needs active investors, companies…

For Marion Gathoga Mwangi, leadership is less about occupying the corner office and more about understanding how businesses work, where they lose value and what must change to deliver sustainable growth. The managing director of Inchcape Kenya brings more than 25 years of senior management experience across fast-moving consumer goods, healthcare, industrial manufacturing and media. Her career has taken her through multinational businesses, manufacturing operations and corporate turnarounds, providing a broad perspective on the challenges facing companies operating in competitive markets. Her appointment at Inchcape placed her at the helm of a business whose ambitions extend beyond selling vehicles. As…

Kenya is set to redirect approximately Sh52 billion in unspent World Bank project funds towards fertiliser, essential medicines, emergency water supplies and cash transfers for vulnerable households.The funding, estimated at US$400 million, is intended to help the country respond to urgent economic, health and climate-related challenges. The money is not a new loan or grant. Instead, it comprises undisbursed balances from existing World Bank-funded projects that the government plans to redirect towards immediate national priorities. The arrangement offers Kenya an opportunity to deploy development resources already committed to the country without negotiating an entirely new financing package. However, the funds…

Anthropic is reportedly preparing for a potential blockbuster initial public offering (IPO) that could value the artificial intelligence company at or above $2 trillion. The AI firm could begin marketing its share sale as early as the week of November 9, with the listing potentially taking place in mid-November, according to reports. If the plans materialise at the reported valuation, Anthropic’s IPO would rank among the largest technology listings ever and underscore the extraordinary investor appetite for leading AI companies. The potential listing comes as Anthropic continues to compete aggressively in the generative AI market with its Claude family of…

YouTube is moving to give greater visibility to original Shorts while limiting the reach of videos that simply recycle content created by others. The platform is encouraging creators who use existing clips to add meaningful original elements, including commentary, analysis, storytelling, or substantial creative editing. The shift means simply downloading another creator’s video and uploading it as a Short may no longer be enough to attract significant distribution. YouTube’s approach is aimed at rewarding creators who bring something new to the content rather than those who rely primarily on reposting. A clip can still be used as part of a…

NAIROBI, Kenya — The United Arab Emirates emerged as one of the biggest destinations for Kenyan gold in 2025, importing approximately 1.3 tonnes of gold valued at about Sh8.9 billion. Kenya exported an estimated 1.7 tonnes of gold worth about Sh14 billion during the year, meaning the UAE accounted for a substantial share of the country’s total gold exports. The figures underline the growing importance of the UAE as a market for Kenyan gold and highlight the country’s position within the wider global precious-metals trade. Gold remains an important source of export earnings for Kenya, with production largely involving artisanal…

NAIROBI, Kenya — Mauritius-based investment firm Monarch Capital Limited is set to acquire a 60 percent stake in De La Rue Kenya after receiving approval from the Competition Authority of Kenya (CAK). The transaction will see the Kenyan government retain a 40 percent stake in the company through the National Treasury, giving the State a significant minority position in the currency-printing business. The approval clears the way for Monarch Capital to become the majority shareholder, marking a significant change in the ownership structure of De La Rue Kenya. De La Rue Kenya has historically played a strategic role in the…

NAIROBI, Kenya — Kenya has ranked 10th among African countries for average monthly take-home pay, with workers estimated to receive about Sh44,500 per month after taxes and mandatory deductions. The ranking, published by economic data platform LiveGDP, places Kenya at $344 (about Sh44,553) in average monthly net salary. The figure represents estimated earnings remaining after taxes and other mandatory deductions. Kenya sits just behind Cameroon, which records an estimated monthly net salary of $345, while Ghana follows closely at $340. The narrow gap among the three countries puts Kenya among a cluster of African economies with broadly similar reported take-home…