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HEVA Fund launches new loan products to creatives; To give up to Ksh. 5 million

 HEVA Fund has announced announced the launch of two new loan products that target the creative industry in Kenya. The loan products aim to finance over 7,000 young women and men in the creative sector. Dubbed Ota Kopa & Ota Kopa Plus the new financial products will be offered in partnership with four financial service
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Uganda’s Bellazuri Cosmetics opens new store in Kenya

 Bellazuri Cosmetics has opened its first experiential store in Nairobi which is located on the Lower Ground Floor of Sarit Centre, next to Carrefour. Bellazuri Cosmetics is a Ugandan luxury beauty brand and it stocks skincare and makeup products specifically developed for African skin. The company offers a wide range of products, from skincare essentials
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Telkom to develop & test advanced mobile network technology in Ksh. 568M partnership

 Telkom Kenya has partnered with mobile equipment vendors Rakuten Symphony and Airspan Networks to develop and test Open Radio Access Network (Open RAN) technology. Rakuten Symphony is a service-based technology company from Japan, and Airspan Networks is a telecommunications company from the United States. The Japanese and United States governments will fund this project through
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Kenya hosts the largest AI conference in Africa courtesy of Microsoft

 Kenya has today hosted the largest Artificial Intelligence (AI) conference in Africa courtesy of Microsoft East Africa. The event, organised by Microsoft as part of its global AI Tour, occurred against a backdrop of rapid AI adoption by Kenyan organisations across various sectors. The conference featured developers, innovators, and business leaders from both the public
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HerFolio by Ogilvy Africa launches to empower female creatives in Africa

 The Ogilvy Africa Network has launched HerFolio during Nairobi Design Week, a platform designed to elevate and connect female creatives across Africa. HerFolio will provide a dedicated online platform for showcasing the portfolios of female designers, musicians, performing artists, fine artists, and other creative professionals from across the continent. Creatives using the platform can showcase
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List of dividends shareholders are pocketing from Kenya’s top Saccos

 Kenya’s top Saccos paid out a record Sh46.99 billion in dividends for the 2024 financial year. These dividends were paid out despite many of these Saccos taking a hit following theft of billions of funds invested at the insolvent Kenya Union of Savings and Credit Cooperatives (KUSCCO). An analysis of how the top Saccos paid
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Mastercard reports estimates that the Kenyan GDP will grow by 4.7% in 2025

 The Mastercard Economics Institute has released Economic Outlook 2025, its annual report identifying the themes that will shape next year’s economic landscape. The global economy has managed through a series of shocks admirably over the past few years. The report anticipates 2025 to be defined by shifts in monetary and fiscal policy and a move
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Motorists to pay extra Sh7.80 per litre as EPRA raises oil dealer margins

 Kenyan motorists are set to dig deeper into their pockets in order to afford fuel. This is after the Energy and Petroleum Regulatory Authority (EPRA) announced that it is planning to increase oil dealer margins. According to a report that appeared in a local business newspaper on Thursday, EPRA will increase the the margins for
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Good debt vs bad debt: The simple guide to smarter borrowing

 Debt is a double-edged sword, it can either build wealth for you or destroy your financial stability. In Kenya, where access to loans has become easier through digital lenders, banks, and SACCOs, many individuals and businesses find themselves caught in a cycle of borrowing. With the recent drop in benchmark lending rates by the Central
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