Fred Aminga

Kenya

Business Journalist at People Daily Kenya

Digital journalism student, Business Journalist, Columnist, Entrepreneur, Publisher. Works at People Daily.

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Articles

Ethical dilemma with OpenAI’s next-gen AI model

1 week ago | peopledaily.digital | Fred Aminga

| The new kid on the block of generative artificial intelligence, OpenAI, has laid claim to a bold attempt to develop its next AI model using a team of fewer than 10 people in a move that marks a major shift in how cutting-edge technology is developed and governed globally. While this initiative speaks to the major strides in engineering efficiency, and the sheer ingenuity behind AI, questions abound.
Bolster Sacco oversight to guard billions in savings

1 month ago | peopledaily.digital | Fred Aminga

| Savings and Credit Cooperative Societies (Saccos) are indispensable to Kenya’s economic development, serving as financial lifelines for millions of Kenyans and SMEs.With over 14 million Kenyans relying on them for savings and affordable credit, their collapse would have far-reaching consequences, not only on families but traders and the economy.
KUSCCO’s lost billions show need for stricter controls

2 months ago | peopledaily.digital | Fred Aminga

| The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) has been the pride of the cooperative movement for years and is considered a fortress of trust and financial security, making it a key pillar for the movement. But today, KUSCCO is becoming another poster child of corporate greed and fraudulent brilliance.
NSSF: Billion-shilling black hole or secure future?

2 months ago | peopledaily.digital | Fred Aminga

| The National Social Security Fund (NSSF) is supposed to be Kenya’s retirement safety net, protecting millions of workers in their old age. Yet, it operates under a troubling veil of secrecy, rarely publishing financial statements or explaining how taxpayer funds are managed. Dare I say, the NSSF is like that flashy uncle who always shows up at family gatherings in a sleek car but never quite explains where his money comes from.
Treasury views on tax burden clash with reality

2 months ago | peopledaily.digital | Fred Aminga

| Listening to the Treasury Cabinet Secretary tell parliamentarians during a retreat in Naivasha that claims of over-taxation are a narrative created to mislead Kenyans had me laughing so hard, I almost dropped my calculator. When exactly did this revelation strike him? Because for years, Kenya’s business environment has been groaning under a tax burden so heavy that even the strongest enterprises are buckling.
Audit source of Nairobi’s sewage-laced tap water

2 months ago | peopledaily.digital | Fred Aminga

| Reports that raw sewage is seeping through taps in Umoja, Nairobi, is a monumental scandal that defies belief. It is appalling that such a grave issue persists in a city that aspires to be a beacon of progress and development. The mere idea that every Tuesday, residents must brace themselves for contaminated water pouring from their taps is not just a health hazard but a major sign of institutional failure and societal neglect.
Tourism: Lessons for Kenya from Egypt’s success

Jan 20, 2025 | peopledaily.digital | Fred Aminga

| Listen to This Article Enhance your reading experience by listening to this article. Kenya’s tourism ministry recently announced a modest goal to attract 200,000 adventure tourists over the next five years. Through the Magical Kenya Mountain and Trail Series, the plan focuses on activities such as hiking, biking, cultural immersions, and farm tours in five counties: Laikipia, Elgeyo Marakwet, Uasin Gishu, Baringo, and Nandi.
Suspension order on branding hits SMEs

Jan 7, 2025 | peopledaily.digital | Fred Aminga

| Listen to This Article Enhance your reading experience by listening to this article. A State directive issued by Head of Public Service Felix Koskei suspending the procurement and printing of corporate wear and branded merchandise, has hit the printing and branding industry hard.
Activate Treasury press office to clear fog of untruths

Dec 9, 2024 | peopledaily.digital | Fred Aminga

| Listen to This Article Enhance your reading experience by listening to this article. The role of financial journalists is pivotal in bridging the gap between governments and citizens, particularly in matters of public finance and economic policy. In Kenya, the need for journalists to reclaim their space and exercise their oversight function has never been more critical.
Ruto must restore public trust for economic growth

Jul 14, 2024 | peopledaily.digital | Fred Aminga

Monday, July 15th, 2024 00:30 | By The downgrading of Kenya’s sovereign bond to junk status by rating firm Moody’s after widespread protests is a warning to President Ruto and his administration to take urgent and comprehensive action to stabilise the economy and restore trust. The downgrading indicates a lack of confidence in Kenya’s ability to meet its debt obligations, which can have serious repercussions for economic stability and make it more difficult to even secure loans.