Kenyan BNPL startup Watu profits drop 85% to $1.2 million as loan defaults rise
Watu Holdings, a Kenyan buy-now-pay-later startup, reported a sharp 84% drop in profit to $1.2 million (KES157 million) in 2024,
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Adonijah Ndege
06:23
Safaricom targets SMEs with new M-PESA overdrafts and loans up to $3,000
The expansion is part of Safaricom’s strategy to diversify beyond its traditional telecom business, which faces slowing revenue growth...
Adonijah Ndege
23:22
Kenya, Ghana and Ethiopia hit with lowest tariffs under Trump’s trade war
Kenya, Ghana, and Ethiopia are among the African economies that face the lowest tariffs under President Donald Trump's new trade
Adonijah Ndege
09:21
Safaricom’s M-PESA decline continues as Airtel Money gains
M-Pesa's market share fell by 2.3 percentage points to 91% in Q4 2024 compared to Q3, while Airtel Money grew
Adonijah Ndege
06:25
Turaco’s bet on M-KOPA’s smartphones expands insurance reach to over 1 million customers
After six years of disrupting Kenya's insurance market, Turaco's M-KOPA partnership signals a major growth leap...
Adonijah Ndege
22:25
Nairobi County cuts internet cables in $23.1 million row with Kenya Power
Nairobi County officials have cut fibre optic cables from Kenya Power’s utility poles, disrupting internet services for businesses, schools, and
Adonijah Ndege
01:23
USAID shutdown: A $100 million setback for Kenyan startups
USAID’s Development Innovation Ventures (DIV) invested more than $100 million in Kenyan startups, supporting innovations in healthcare, agriculture, and clean
Adonijah Ndege
02:27
Kenya’s $1,900 licensing fee for phone distributors threatens small vendors
Under the new rules, only licensed manufacturers and distributors will be allowed to import and sell mobile phones, car trackers,
Adonijah Ndege
13:20
Kenya’s economy posts slowest Q3 growth since 2020, expanding by 4%
The construction and mining sectors, in particular, saw the steepest declines, reflecting reduced investor confidence in large-scale projects. This comes
Adonijah Ndege
12:19
Kenya proposes tenfold fee hike for satellite ISPs like Starlink
While local ISPs will laud the move, it could block smaller companies and slow the expansion of high-speed internet access,
