Home Blog Page 150

ICEA LION rolls out retirement planning index for Kenya

0

In a notable event, ICEA LION Life Assurance Company launched the ICEA LION Retirement Preparedness Index (IRPI). The index, the first of its kind in Kenya, is designed to measure retirement readiness at both individual and national levels.

On an individual level, the index provides a calculator that measures one’s personal preparedness for retirement. Any individual can input their information (savings, income, frequency of saving, among others) and receive a tailored personal index. At a national scale, the index is derived from a study (primary and secondary research) that targets both working and retired populations to measure their anticipated and current readiness for retirement.

“What makes this index unique is its robust methodology, which integrates four critical dimensions of preparedness: Replacement Rate, Behavioral Scoring, Financial Su ciency Ratio, and Asset Multiples,” Jacqueline Ochieng, Head of Research at ICEA LION Group. The study will be conducted annually, and each year, ICEA LION Life Assurance Company will update the index to reveal the current state of retirement readiness in Kenya.

ICEA LION releases Q4 2025 Investor Pulse: investing ahead of the curve

This innovation reaffirms ICEA LION’s ongoing commitment to shaping the future of pensions through innovative digital-first and customer-centric solutions. Through the launch of the Retirement Preparedness Index (IRPI), we continue to bridge the gap between traditional pension management and modern digital access, ensuring that Kenyans can plan and monitor their retirement journey at any time, anywhere. “By turning complex pension data into meaningful insights powered by AI, we are equipping Kenyans to make informed decisions and take control of their retirement readiness,” Enock Keya, Head of Data at ICEA LION Group.

Among the population that accesses pension services, issues they grapple with include inadequate savings, intermittent employment, and premature access to the pension saving kitty, among other factors.

Across Kenya, retirement planning is rapidly evolving as individuals seek flexible, transparent, and digitally accessible pension solutions. Building on the strong heritage of financial innovation, ICEA LION Life Assurance Company has taken the first step in introducing an innovative solution intended to drive action as the country seeks to improve the livelihoods of its citizens.

No diploma, degree certificates for P1 teachers in TSC upgrading program

0

Primary school teachers selected to upgrade their Primary Teacher Education (PTE) certificates will not be issued with regular Diploma and Degree certificates that are issued in colleges and universities at the end of their training.

According to a top Teachers Service Commission (TSC) official who spoke to Teachers Arena, the teachers will be issued with a Teacher Professional Development (TPD) certificate that will highlight key competencies attained.

The upgrading Initiative, which is fully sponsored by the World Bank, is designed to equip teachers with new professional competencies required under the CBC framework.

The training covers a wide range of areas, including learner-centered teaching methodologies, assessment strategies, integration of technology in teaching, and handling of junior school learners transitioning from upper primary.

Teachers who will successfully complete the modules will get deployed to teach Grades 7, 8 and 9 learners. TSC says that 38,849 P1 teachers across the country qualify for the upgrade programme.

The selected teachers are those who attained a minimum mean grade of C+ (plus) in the Kenya Certificate of Secondary Education (KCSE) examination, with at least C+ in two teaching subjects.

Kakamega County boasts the highest number of teachers selected for the program while Lamu and Makueni are the least represented.

The number of selected teachers per county is as follows:

  • Kakamega: 4,169
  • Bungoma: 2,208
  • Nakuru: 1,672
  • Homa Bay: 1,566
  • Kisumu: 1,456
  • Muranga: 1,410
  • Siaya: 1,390
  • Migori: 1,358
  • Meru: 1,259
  • Narok: 1,150
  • Machakos: 1,131
  • Nandi: 1,101
  • Bomet: 1,061
  • Kericho: 1,029
  • Kitui: 1,014
  • Kisii: 1,006
  • Trans Nzoia: 1,005
  • Busia: 950
  • Kiambu: 879
  • Vihiga: 863
  • Uasin Gishu: 815
  • West Pokot: 776
  • Baringo: 699
  • Nyandarua: 693
  • Kilifi: 688
  • Nyamira: 634
  • Kwale: 578
  • Nyeri: 554
  • Tharaka-Nithi: 535
  • Nairobi: 518
  • Kajiado: 506
  • Embu: 481
  • Turkana: 369
  • Kirinyaga: 358
  • Garissa: 313
  • Taita-Taveta: 307
  • Laikipia: 292
  • Mandera: 248
  • Mombasa: 216
  • Tana River: 215
  • Samburu: 165
  • Isiolo: 153
  • Wajir: 151
  • Marsabit: 130
  • Lamu: 86
  • Makueni: 44

TSC has also selected training centres close to teachers’ homes to cut down on travel and other expenses.  The commission has contracted various institutions, including high schools and Teacher Training Colleges (TTCs) to offer the upgrade programme.

ALSO READ: Grade 9 learners won’t get certificates after sitting KJSEA national exams

The selected institutions are:

Nairobi
Lenana School, Buruburu Girls, Jamhuri High, Pangani Girls, KISE Kasarani, Langata High, Moi Forces Academy.

Central
Alliance High, Kenyatta University, Karatina University, JKUAT, Thogoto TTC, Kamwenja TTC, Bishop Gatimu Girls, Muranga TTC, Laikipia University, Dedan Kimathi University, Kirinyaga University.

Nyanza
Kisii School, Nyakach Girls, Ambira Boys, Rongo University, Migori TTC, Nyansiongo High, Kisumu Girls, Nyambaria Boys, Asumbi TTC, Ugenya TTC, Bondo TTC, Homabay High, Sironga Girls, Koru Girls, Seme TTC, Kenyenya TTC, Jaramogi Oginga Odinga University.

Western
Chavakali Boys, Butere Girls, Bungoma High, Masinde Muliro University, Musingu High, Kaimosi University, Kivaywa Boys, Butula High, Eregi TTC, Lugari TTC, Mukumu Boys.

Rift Valley
St Anthony Boys Kitale, University of Eldoret, Bomet University, Moi Girls Isinya, Kaplong Girls, Moi Girls Samburu, Kabianga High, Naivasha Boys, Nakuru High, Baringo High, St Joseph Girls Kitale, Narok TTC, Moi Tea Girls, Kilgoris Boys, Turkana University, Nasokol Girls, Tambach TTC.

Eastern
Meru School, Embu University, Machakos Boys, Machakos TTC, Chuka University, KITUI TTC, Kigari TTC, SEK University, Mbooni Boys, Isiolo High, Meru TTC, Marsabit High, Moi Girls Moyale.

North Eastern
Mandera TTC, Garissa University, Wajir Boys High, NEP Girls, Bute Boys, Mandera Boys, Habaswein Boys, County High, Garissa TTC, Moi Girls Mandera.

Coast
Pwani University, Shanzu TTC, Kinango Boys High, Kwale TTC, Lamu Boys High, Serani School, Kwale Boys, Lunga Lunga High.

ALSO READ: Education Ministry announces KJSEA results release date, grade 10 placement

Kenyatta University Referral Hospital announces job opportunities [LIST]

0

Kenyatta University Teaching, Referral and Research Hospital (KUTRRH) has announced job opportunities across various departments.

In a notice on Tuesday, November 18, the hospital invited qualified candidates to apply for the over 95 vacancies available on both contract and permanent and pensionable terms.

“KUTRRH is seeking to recruit highly motivated, dynamic, and result-oriented individuals of high integrity, innovation, and ability to deliver results to fill vacant positions,” KUTTRH noted.

“The Hospital invites applications from suitably qualified candidates to fill the available positions on Contract and Permanent and Pensionable (P&P) terms,” it added.

The advertised positions include:

  1. Deputy Director, Human Resource Management and Development (1)
  2. Deputy Director, Administration (1)
  3. Assistant Director, Security Services (1)
  4. Senior Medical Specialist – Gastroenterology (1)
  5. Senior Medical Specialist – Haemato-oncology (1)
  6. Medical Specialist – Clinical Oncology (1)
  7. Medical Specialist – Radiation Oncology (1)
  8. Medical Specialist – Nuclear Medicine (1)
  9. Medical Specialist – Pediatric Surgery (1)
  10. Principal Partnership and Resource Mobilization Officer (1)
  11. Principal Accountant – Credit Control (1)
  12. Senior Administrative Officer (1)
  13. Senior Office Administrator (1)
  14. Senior Counsellor (1)
  15. Medical Officer (1)
  16. Clinical Psychologist II (2)
  17. Nutrition & Dietetics Officer II (2)
  18. Research Officer II (1)
  19. Registered Nurse II – Critical Care (3)
  20. Registered Nurse II – Neonatal Intensive Care Unit (1)
  21. Registered Nurse II – Palliative Nursing (2)
  22. Registered Nurse II – Pediatric Intensive Care Unit (3)
  23. Registered Nurse II – Pediatric Nursing (1)
  24. Registered Nurse II – Oncology Nursing (2)
  25. Registered Nurse II – Pediatric Oncology Nursing (1)
  26. Registered Nurse II – Cath-Lab Nursing (1)
  27. Registered Nurse III – General Nursing (13)
  28. Assistant Radiographer II (2)
  29. Health Records Information Assistant III (6)
  30. Assistant Physiotherapist II (3)
  31. Nuclear Medicine Technologist III (2)
  32. Pharmaceutical Technologist III (3)
  33. Laboratory Technologist III (3)
  34. Radiation Therapy Technologist III (4)
  35. Theatre Technician III (4)
  36. Mortician III (1)
  37. Emergency Medical Technician III (1)

Job interview: mistakes not to make when answering “Why are you interested in this position?”

How to apply

For detailed job descriptions, qualifications, and application instructions, applicants are required to visit the hospital’s official website and click on the ‘Careers’ tab.

Interested applicants are urged to submit their applications online via the hospital’s recruitment portal at https://recruitment.kutrrh.go.ke/.

Each application must clearly indicate the title of the position and the corresponding job reference number.

Application is free of charge, with the application window set to lapse on Tuesday, December 9. Only shortlisted candidates will be contacted.

Successful applicants  will be required to demonstrate compliance with Chapter Six of the Constitution and submit the required documents. This includes clearance certificates from EACC, DCI, KRA, HELB, CRB, and CUE.

Man paying Sh450,000 rent says living in Nairobi is cheaper than America

0

Tim Booker, a 42-year-old American national living in Nairobi, has revealed that living in Nairobi is far much cheaper and peaceful than in some cities in the United States.

Booker, an American multi-millionaire businessman from Washington D.C., revealed he came to Kenya on a visit only to end up relocating permanently.

In an interview with Webnation, Tim revealed he was invited to Kenya by his cousin, who was on a charity mission in the country.

“She spent her career with disadvantaged people. She has been telling me for years to come and give back. After COVID, last year, I came to participate and see Kenya, and that experience changed my life,” he narrated.

While in Machakos County, Tim revealed interacting with strangers made him feel more at home in Kenya than in Washington.

What was supposed to be a short visit turned into a five-week extension and eventually a permanent relocation.

The businessman currently lives in a four-bedroom mansion in Lavington, Nairobi, paying a monthly rent of Sh450,000.  The rent package includes security, a housekeeper and utilities.

How Somalis in Eastleigh became Kenya’s most successful business people

According to him, the rent he pays in Nairobi is way cheaper than what Americans are subjected to for a small one-bedroom apartment in some American states.

“For that price, the much I could have gotten in Washington would have been a two-bedroom apartment,” he said.

Additionally, the current shift to online working and Kenya being an English-speaking nation made it easy to transition from the U.S. to Kenya, which he describes as much more peaceful than the U.S.

“My life here in Nairobi is much different. First of all, it is more relaxing. The energy level is higher, but it doesn’t have the stress. So I’m able to think a lot clearer, so that is a huge difference,” he explained.

“When I was in the U.S., at times I couldn’t sleep because my mind was filled with tasks and responsibility. In Nairobi, I wake up with a sense of calm and stillness. In the States, I just didn’t have enough time,” he adds.

Businesswise, Tim describes Nairobi as “the jewel of Africa”, a place where both personal fulfilment and investment opportunities coexist naturally.

However, he admits that the seven-hour time difference has been a challenge because he misses his family back in the US.

He now spends his weekends volunteering with the same nonprofit that first brought him to the country.

Tanzania in fresh low as Samia Suluhu appoints daughter, son-in-law to cabinet

0

Tanzania President Samia Suluhu Hassan has appointed her family members and close allies to top government positions. In the appointments that were announced at Tanzania’s State House in Dodoma, Samia Suluhu named her daughter Wanu Hafidh Ameir as the deputy cabinet minister for Education, Science and Technology.

She then went on to name Wanu’s husband Mohamed Mchengerwa, as the cabinet minister for Health. In her previous administration, Mchengerwa was the cabinet minister in charge of Local Governments and Regional Administration.

Former President Jakaya Kikwete’s son, Ridhiwani Kikwete was named as the cabinet minister in charge of Civil Service Management and Good Governance. Samia also appointed motivational speaker Joel Nanauka as the cabinet minister in charge of Youth Development.

In total, Samia Suluhu appointed 27 cabinet ministers with 29 deputy cabinet ministers. The appointments come barely weeks after a bloodied General Election in which thousands of people are claimed to have been murdered by security officers.

Since the October 29 Tanzania elections, videos showing wounded and deceased people have been circulating widely on the internet.

See More: Samia’s government turns to xenophobia to kick out Kenyans after sham elections

Samia Suluhu was declared the winner of the elections that have received widespread condemnation across the world, on November 1. The Tanzanian electoral commission claimed that she had garnered 97.66 percent of the total votes cast.

The commission further claimed that the elections had recorded a turnout of 82 percent. Samia had gotten 31.9 million votes out of the 32.7 million votes that were allegedly cast in an election day that was dominated by protests and violence.

It was not clear how these votes were tallied and transferred from polling stations to the tallying centres in less than 72 hours during an election in which Samia’s government shut down the internet nationwide and had a curfew against citizens at 6pm.

In the previous presidential election of 2020, only 14.8 million Tanzanians had voted from a total of 29.7 million registered voters. That election had a turnout of about 51 percent and was won by the late Tanzania President John Pombe Magufuli with 12.5 million votes.

This means that in the recent controversial polls, Samia – who took over after Magufuli’s death – allegedly got more than double the number of votes the late former president had secured in 2020.

Ruto’s government collects Sh73.2 billion in housing tax; delivers only 3 projects

President William Ruto’s government collected Sh73.2 billion from the controversial affordable housing tax in the financial year ended June 2025. In the same period, the government delivered only 3 housing projects.

These housing projects under the Affordable Housing Programme (AHP) comprised of some 1,795 finished units, some of which were started during the previous administration. The three projects were in Mukuru area in Nairobi, Bondeni in Nakuru, and Homa Bay.

The Mukuru project has 1,080 units, while the Nakuru and Homa Bay projects are made up of 605 and 110 units respectively. These units are huge shortfall from the alleged 200,000 units that President Ruto claimed would be built every year under the controversial tax program.

During the period, the number of Kenyans who have registered on the Boma Yangu portal for potential home ownership stood at 293,326 against the target of 565,800. This data is contained in the report by the Affordable Housing Board titled Sector Budget Proposal Report for FY 2026/27 which was submitted to the National Treasury.

Earlier this month, the Principal Secretary at the State Department for Housing and Urban Development Charles Hinga, said that the government has only managed to complete 3,171 housing units since the tax was founded.

“40,000 more housing units are at advanced stages and 161,911 housing units in total are ongoing,” Hinga claimed. “The government envisages to build 200,000 units every year to bridge the gap on housing.” He then went on to claim that another 700,000 were in various stages of planning.

This admission came amidst concerns on whether these 3,171 were actually initiated by the current administration under the programme or whether they were launched by the previous administration.

At the same time, Hinga’s latest numbers come barely four months after he claimed that the government could not achieve the target of 200,000 housing units per year without borrowing additional funds.

This was despite the government parking billions of unused funds that have been collected through the controversial housing tax in treasury bills.

“We are targeting 200,000 units per year. If you use a conservative estimate of Sh2 million per unit, that is about Sh400 billion annually. The housing tax brings in at most Sh72 billion, so we must leverage that,” Hinga had said in June. “We are partnering with investors to bring in private capital and use the levy as an off-take guarantee.”

New York Times: How Ruto’s family, allies make profits from sending Kenyans to Saudi

Economic Impact of International Sports Events In Kenya

0

Kenya’s international sporting giant status continues to transform — not only through its legendary athletes but also through increasing economic benefits of hosting and gaining from the world events. Marathons that host tens of thousands of visitors to local tournaments and world rallies, sport has become a powerful engine of economic development. Sports, tourism, and business development reinforce one another, transforming the Kenyan economy and providing new business and entrepreneurial opportunities.

The intersection of sports and betting has gained momentum, as well, as entertainment venues spread out along major tournaments. Sporting event viewers who are sports fans enjoy playing casino-style games that reflect the excitement of live action. Local players never tired of Plinko Zambia, which has been popular for their simplicity and thrill, showing how online entertainment can aid in-world sports enthusiasm. As global events grow, Kenya’s sports economy is merging tradition with casino technology, so every contest is becoming a cultural and commercial celebration.

Tourism, Hospitality, And Regional Investment

Tourism is one of the biggest beneficiaries of Kenya’s vibrant sports calendar. Foreign events such as the Safari Rally, the Nairobi City Marathon, and athletics championships bring in tourists from across Africa and abroad. Hotels, transport, and local markets boom as businesses, while cultural tourism gains as tourists appreciate the scenic beauty of Kenya in between events.

Melbet Kenya: Safe Platform for Analyzing Sports Events

The betting and gaming sector complements such an environment by offering fans an alternative outlet to thrill. Platforms that provide entertainment experiences, with the Betika casino, offer fans a virtual platform that simulates the strategic and emotional excitement of sports. Although a recreation activity in its primary role, well-regulated gaming yields decent amounts of tax revenues and offers employment opportunities to numerous young Kenyan citizens. The overlap of live sports and online casino games shows the way Kenya’s virtual economy is growing alongside its physical infrastructure.

Global exposure of Kenya also rises with international events, and multinational sponsors have an incentive to make investments in media advertising, branding, and event coordination. The ultimate result is rising cooperation between private firms and sporting unions, raising foreign direct investment and domestic entrepreneurship.

Melbet Tanzania: Genuine and Licensed Betting Site

Key Sectors Benefiting from International Events

The economic impact of sporting events on Kenya’s economy reaches across multiple industries. Every industry gains from the number of tourists, global exposure, and cooperative opportunities that come about with high-stakes competitions.

Sector Type Of Benefit Long-Term Impact
Tourism & Hospitality Increased bookings and services Sustainable long-term growth in the travel industry
Media & Advertising Event sponsorship and coverage Increased ad revenues and local awareness
Betting & Gaming Tax returns and customer engagement Spread of the organized digital economy
Retail & Commerce Sales of events and festivals Boost for small and medium enterprises

This harmonized growth transforms sports not only as a source of national pride but the cornerstone of Kenya’s evolving economy.

Employment, Infrastructure, And Innovation

Hosting international events creates direct and indirect employment opportunities across Kenya. From stadium construction to event logistics and hospitality staffing, thousands of Kenyans benefit from new jobs tied to sports. Nairobi’s infrastructure projects, including improved roads, digital ticketing systems, and upgraded arenas, are key examples of how sports drive development.

Beyond the physical revolution, there is innovation taking center stage, too. Kenyan startups are now integrating mobile payment systems, analytics software, and live fan engagement technologies into sports operations. This technology upgrade enhances transparency and efficiency and puts Kenya at the forefront of technology-enabled event management.

Government support has also been instrumental. Policies to promote private-sector partnerships have made it possible for federation-brand alliances to ensure that investments extend beyond a single tournament and into sustained community programs.

Investment in Kenyan Sport Infrastructure for Future Events

How Sports Inspire Broader Economic Change

Kenyan sports are more than a form of entertainment — they are economic drivers. Foreign competitions translate into international exposure that is reflected in national pride and entrepreneurial growth. The knock-on effects include more youth participation, tourism advertisement efforts, and even fashion and merchandise industries inspired by athletics.

The economic and social transformation created by the sporting events aligns with Kenya’s overall Vision 2030 goals. Through the association of sport with innovation, sustainability, and accessibility, the country emphasizes its role as a continental hub of progress.

  • Global Sponsoring Partnerships: International brand partnerships yield stable revenues and marketing visibility.
  • Increased Infrastructure Development: Event preparations result in long-term upgrading of stadiums, highways, and digital infrastructure.
  • Spreading Digital Entertainment: Online gaming, gaming, and media coverage engage viewers and also attract taxes.
  • Making Cultural Exchange Easy: Tourists are exposed to Kenyan hospitality and culture, which builds national pride.

All these performances give more momentum to Kenya’s developing position as an athletic and economic giant of Africa.

From Tracks To Transactions: A Sustainable Future

Kenya’s transformation from a running elite nation to a diversified sports economy is a testament to the power of strategy and innovation. International sports competitions not only fill stadiums — they prosper in the tourism, technology, media, and small business sectors. Having strong digital connectivity, open government, and an emerging middle class, the country is well-positioned to leverage global competition for long-term prosperity.

Education Ministry announces KJSEA results release date, grade 10 placement

0

The Ministry of Education has announced that the results of the Kenya Junior School Education Assessment (KJSEA) will be released by December 11.

Speaking to journalists on Monday, Basic Education Principal Secretary (PS) Prof Julius Bitok said placement of the learners to senior schools will begin one week after the release of the results. Bitok added that the 1.1 million learners are expected to report to their respective institutions by January 12, 2026.

“Our plan is that we release the results and do placements within one week. We expect the learners to get their letters before Christmas and report on January 12, 2026,” Bitok said.

“We are putting systems and measures and everything required for smooth transition of the 1.1 million learners who sat for KJSEA. We have issued the guidelines from the beginning to the end. From where I sit, we have no confusion,” he added.

Bitok also outlined the structure of senior school under CBC, noting that schools had been organised into four clusters and that learners will pursue one of three pathways: STEM (Science, Technology, Engineering and Mathematics), Social Sciences, or Arts and Sports.

The inaugural Kenya Junior School Education Assessment (KJSEA) national examinations kicked off on Monday, October 27, 2025 and ended on November 3, 2025.

Learners sitting the exams will be looking to move to senior school in January 2026 as the first class under the Curriculum Based Education to make the transition.

Education Ministry scraps secondary schools categorisation, announces Sh53,000 fees

However, unlike the previous 8-4-4 system in which students were awarded certificates after completing their Kenya Certificate of Primary Education (KCPE) exams, Grade 9 students will not be awarded certificates for their KJSEA exams.

According to Education Cabinet Secretary Julius Ogamba, the students will be given result slips which will show the grades they scored in their respective subjects.

“The new system represents a fundamental shift from the old Kenyan certificate of primary education model, emphasizing skills, creativity, and continuous learning rather than one-off-high stakes testing,” said CS Ogamba.

“KJSEA exams are not about ranking or elimination; they are about understanding what a learner can do with the knowledge they have acquired. It values skills, innovation, and real-world problem-solving.”

The subjects that will be assessed under the KJSEA include Mathematics, English, Kiswahili, Integrated Science, Social Studies, Religious Education, Agriculture, Pre-Technical Studies, Creative Arts, and Physical Education.

Rural Kenya emerges as e-commerce growth engine, Jumia report

0

Rural Kenya has overtaken major cities as the country’s e-commerce growth engine, now accounting for 60% of all Jumia orders, according to a new report that highlights the sector’s expanding economic impact across the counties.

The report by Jumia Kenya dubbed “E-commerce in Rural Kenya: Expanding Access, Driving Inclusion, Connecting Border to Border” shows that digital retail has shifted from a largely urban convenience to a nationwide driver of jobs, SME expansion and consumer access. The platform now supports more than 50,000 livelihoods,including vendors, JForce agents, pickup-station operators and delivery riders.

Jumia’s Regional CEO for East Africa, Vinod Goel, said the numbers reflect a“historic behavioural shift” among rural and small-town consumers.“

This report is not just about online shopping—it’s about livelihoods, inclusion, and opportunity,” said Goel. “Rural Kenya has become the driving force of e-commerce.With affordable smartphones, mobile money, and faster delivery networks, millions of households can now access a broader range of goods at fairer prices.”

Jumia Kenya has grown its network to more than 300 pickup stations, serving over100 towns across all 47 counties. As a result, delivery for rural shoppers has dropped to 2–4 days on average, significantly improving access to essential andhigher-value products such as mobile phones, televisions, appliances and home essentials.

A key driver of this adoption is the JForce agent programme, which has expanded to over 26,000 agents nationwide. These agents act as a trusted, human bridge forfirst-time online shoppers, supporting digital literacy, assisted ordering and product awareness. Many agents now support whole communities by placing bulk orders,helping rural residents, and keeping local customers updated on deals.

The report also highlights rising participation by small businesses. SMEs now represent 60% of all sellers on Jumia, gaining national reach that would be other wise impossible through local brick-and-mortar channels. Sellers are tapping into new revenue streams by listing products that can now reach consumers across Kenya.

With expanding 4G and 5G connectivity and ongoing investments in localisendlogistics hubs, rural e-commerce penetration is projected to exceed 60% in the next few years, positioning the sector as one of Kenya’s fastest-growing digital economies.

Jumia Kenya launches its 10th black friday campaign

The report notes that continued growth will depend on supportive policies that encourage small-business digital adoption and protect consumers, especially as discussions around marketplace taxation continue.“

E-commerce is widening market access for small businesses and giving rural households affordable choices,” said Goel. “To protect that progress, policies should recognise the role of marketplaces, support SMEs, and create a level playing field for both local and global digital platforms.”

The report highlights concerns around the proposed Withholding Tax (WHT) on market place transactions, warning that it may unintentionally shift SMEs back into informal channels, reducing compliance and limiting their reach.

Goel added that supportive regulation — coupled with growing connectivity,improved logistics and mobile-money adoption — could position Kenya as one ofAfrica’s most inclusive digital economies within the next five years.

Applying for Co-op Bank personal loan: Everything you need to know

0

Capital access plays a key role in the growth and survival of small businesses. Small businesses need working capital to cover daily expenses and funding for growth and expansion.

Understanding this need, the Co-operative Bank of Kenya (Co-op Bank) has rolled out various financing products to provide the much-needed capital to businesses in various sectors.

An example of such products is the Co-op Bank personal loan which offers lending of between Sh50,000 and Sh8 million.

Whether you want to make a major purchase, finance a wedding or pay school fees, a Co-op Bank Personal Loan is a simple and convenient borrowing solution to help customers reach these goals and many others that they dare to imagine.

Anyone applying for the loans will have their requests processed within 48 hours subject to employer confirmation. In addition, Co-op requires customers to transfer their salary to a Co-operative account to qualify for a loan.

Furthermore, to qualify for a Co-op Bank personal loan, customers need to maintain an active salary account for a minimum of six months for non-check-off customers.

How to link your Co-operative Bank accounts to PesaLink

Customers under schemes/check-offs can open accounts and fill change of pay-point to Co-op Bank and immediately access credit facilities.

In cases where a customer has loans with other banks and/Saccos, Co-op Bank can buy them off or help in refinancing other bank and Sacco loans for the customer to have one repayment.

Features of Co-op Bank Personal Loan

  • Minimum loan amount of Sh50,000
  • Maximum loan amount of Sh8,000,000
  • Maximum term of up to 96 months
  • Purposes to be covered include education, medical, furniture, consumer durables, motor vehicles, plot purchase, holidays and shares
  • Applications to be appraised using credit scoring
  • Applications appraised within 48 hours

Requirements

  • Employment or regular income
  • Original National Identity Card and a copy
  • Original PIN Certificate and a copy
  • No specific minimum net salary is required
  • Salary pay slips for the last 3 months
  • Filled in loan application form
  • Copy of KRA PIN