Business

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Bolt Kenya Launches “Flood Assist” Category to Aid Flood Victims

 Ride-hailing platform Bolt had inked a deal with the Kenya Red Cross in an effort to support Kenyans affected by recent floods. A new “Flood Assist” category on the Bolt app will allow riders to contribute to relief efforts, where the online taxi operator will contribute a percentage towards those affected by recent floods that
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Parliamentarians Allocate NG-CDF Funds for ICT Hub Creation

 Parliamentarians have allocated funds from the National Government Constituency Development Fund (NG-CDF) for the creation of ICT Hubs. In Kakamega, Member of Parliament for Teso South, Mary Emase, explained how legislators have partnered with the Ministry of Information, Communications and Digital Economy to build one ICT hub in each ward across the country. She added
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Absa Credit Card Holders Can Now Acquire the Latest Samsung Galaxy Foldables

 Introduction of Samsung Galaxy Foldables Absa credit card holders in Kenya can now prepare to acquire the newly launched Samsung Galaxy foldables, the Z Fold 6 and Z Flip 6, on credit. This opportunity is derived from the existing relationship between Absa Bank and Samsung, allowing Kenyans to buy Samsung devices under the Galaxy series
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Kenyan Startups Raise Over $100 Million in Three Months

 Kenyan startups raised more than Kes12.83 billion in funding across 24 deals in the quarter ended June, driven by cleantech and fintech innovations that chalked funding and number of deals in dominance against the backdrop of the global decline of venture capital flows. According to Briter Bridges, a global provider of market insights, except in
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Safaricom’s Voice Revenue Decline: Adapting to a Changing Communication Landscape

 Safaricom, the leading telecommunication firm in Kenya, has had a tremendous shift in its voice revenue model. Increased competition and growth of alternative channels of communication have been at the core of this shakeup to the legacy voice business that used to be the centrepiece of revenues for the company. In a bid to counter
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Safaricom Shareholders Approve Kes48.08 Billion Dividend Payout for FY 2024

 Safaricom shareholders have approved a final dividend payout of Kes0.65 per share, coming to Kes26.04 billion for the year ending March 31, 2024. With an interim dividend of Kes0.55 per share, or Kes22.04 billion already paid in March, this pushes the total dividend payout for the year to Kes1.20 per share, coming to Kes48.08 billion.
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I’m yet to complete a house I started building with Sh250k loan five years ago

 Homeownership is one of the most fulfilling achievements, given the comfort and peace of mind it brings. However, the process has not been easy for many homeowners primarily due to cost. When Yassin Makolo wanted to construct a house for his parents five years ago, he didn’t know how to go about it due to
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Suraya apartments, mansions, land worth hundreds of millions up for auction

 Suraya apartments, mansions and land whose worth is in the hundreds of millions have been put up for auction. The properties are being auctioned by Dalali Traders Auctioneers. According to an advertisement for the auction that was placed in the newspapers by Dalali Traders Auctioneers, the apartments up for auction are known as Lonehill Estate.
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