Kalu Mengo

3 weeks ago | businesstoday.co.ke | Kalu Mengo

The International Air Transport Association (IATA) has released the Value of Air Transport study for Kenya, quantifying the substantial benefits that aviation (including aviation-related tourism) generates in terms of jobs and economic activity. Highlights from 2023 data show that aviation supports and facilitates $3.3 billion of economic activity (total impact including wider supply chain, employee spending, and tourism activities), equal to 3.1% of Gross Domestic Product (GDP).

3 weeks ago | businesstoday.co.ke | Kalu Mengo

Kenya’s wealthy are adjusting their investment strategies in response to rising global economic uncertainty, shifting away from residential and foreign assets in favour of more liquid, higher-yielding opportunities within the country. This is according to the global property consultant Knight Frank’s Wealth Report: Kenya Edition – Attitudes Survey 2025, which highlights the first choice investment of Kenya’s wealth elites.

1 month ago | businesstoday.co.ke | Kalu Mengo

Safaricom PLC (NSE: SCOM) has announced an 11.2% growth in total revenue to Ksh388.7 billion ($3 billion) for the financial year ended 31st March 2025, with net income accelerating by 10.8% to hit Ksh69.8 billion. Following these results, Safaricom will pay out Ksh48.08 billion in dividend to its shareholders for the year, adding a final dividend of 65 cents per ordinary share to the interim dividend of 55 cents per ordinary share already paid out on or about March 2025.

2 months ago | businesstoday.co.ke | Kalu Mengo

World Bicycle Relief (WBR), the global non-profit dedicated to empowering underserved communities through the Power of Bicycles, has announced a partnership with Kakamega County to address rural mobility challenges through the deployment of 1,500 Buffalo Bicycles.

Mar 4, 2025 | businesstoday.co.ke | Kalu Mengo

As Africa’s digital ecosystem expands, countries are increasing efforts to protect data privacy through legal frameworks and enforcement mechanisms. A new report by Yellow Card, Africa’s leading stablecoin-based infrastructure platform, shows that as of 2025, 39 out of 55 African nations have enacted data protection laws, with 34 having additionally established data protection authorities.