Nairobi Business Monthly

NAIROBI BUSINESS MONTHLY is a monthly publication that provides valuable insights into the economy of Kenya and the surrounding region. It delivers comprehensive coverage on topics such as financial markets, stock exchanges, corporate news, technology, management, entrepreneurship, and personal finance. This newspaper is aimed at executives, managers, professionals, entrepreneurs, and those involved in policymaking.

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Articles

Kenya’s wealthy drive economic rebound with cars and art

3 days ago | nairobibusinessmonthly.com | Victor Adar

Kenya’s wealthy are adjusting their investment strategies in response to rising global economic uncertainty, with not only as an investment but also a symbol of prestige. According to the Kenyan edition of “Wealth Report 2025” released by Knight Frank real estate firm on Tuesday, May 13, 72 per cent of Kenya’s wealthy expressed interest in acquiring art, with classic cars following closely at 50 per cent.
Google rolls out ‘delete for everyone’ feature in Messages app

3 days ago | nairobibusinessmonthly.com | Victor Adar

Google has upgraded its Messages app by introducing a “delete for everyone” feature in an effort to make messaging more private, secure, and interactive amid rapid digital transformation. This means that users will be able to correct messages sent to the wrong person or group. All one needs to do is touch and hold the message to be deleted, then tap “delete”. The message will be removed from both the sender’s device and that of the recipient.
Safaricom revenue hits Sh388.7bn as diversification pays off

1 week ago | nairobibusinessmonthly.com | Victor Adar

Safaricom has recorded revenue growth of 11.2 per cent to Sh388.7 billion for the financial year ended March 31, 2025, driven by its expansion into Ethiopia, M-PESA growth, and digital transformation. Net income also rose by 10.8 per cent to Sh69.8 billion during the same period. CEO Peter Ndegwa said on Friday that the results are not only a reflection of past performance but also a foundation for the telco’s vision of becoming Africa’s purpose-led tech firm by 2030.
East Africa steps up ocean conservation in bid to revive blue economy

3 weeks ago | nairobibusinessmonthly.com | Victor Adar

As efforts to re-energize East Africa’s blue economy get underway, ocean protection and conservation remain a key factor. The region takes pride in its rich marine biodiversity, which positively impacts various economic activities, including fishing and tourism in the region.
Morocco forum sets the stage for Africa’s digital future

1 month ago | nairobibusinessmonthly.com | Victor Adar

Morocco is on the verge of innovation, Artificial Intelligence (AI) and digital awakening. The country has played a pivotal role in shaping Africa’s digital landscape as it continues to develop as a tech-driven hub – it has become a regional reference for the continent’s recognition as global force in technology.
Trump tariffs a turning point for Kenya and region

1 month ago | nairobibusinessmonthly.com | Victor Adar

It is yet another challenging path for African economies after the White House imposed a baseline tariff of 10 per cent on all goods exported to the United States (US) by Kenya, Ghana, Ethiopia, Tanzania, Uganda, Senegal, and Liberia.
MPs pass Startup Bill to support innovation, empower entrepreneurs

Jan 21, 2025 | nairobibusinessmonthly.com | Silas Apollo

The National Assembly has passed the Startup Bill of 2022 which seeks to outline various measures to support startups and establish frameworks for their growth and protection. The Bill introduces key definitions, including startup, accelerator, incubation program, and startup ecosystem players. It also designates the Cabinet Secretary responsible for micro, small, and medium enterprises to oversee implementation.
President Ruto picks insider to replace M’mbijjiwe as new CBK Governor

Nov 14, 2024 | nairobibusinessmonthly.com | Victor Adar

President William Ruto has nominated Gerald Nyaoma Arita as the second Deputy Governor of the Central Bank of Kenya (CBK) to succeed Sheila M’mbijiwe, who retired in June. Mr Nyaoma is currently the Director of the Bank Supervision Department at CBK, with 36 years of professional experience to the role, having held multiple positions within the institution.
Jeffrey’s big gamble with events management pays off

Jul 9, 2024 | nairobibusinessmonthly.com | Victor Adar

As some entrepreneurs catch cold feet over the dynamic creative and fashion industry, Jeffrey Wilson is one generation who embarked on an unrelenting quest five years ago to come up with something that could make Kenyans buy local designs to be able to spur growth in the fashion industry. Knowing too well that fashion and creative industry is a hot market that lacks recognition, the calm, sober, young investor founded JW Show in a bid to fill the gap.
Former KRA boss Michael Waweru dies

Jul 7, 2024 | nairobibusinessmonthly.com | Victor Adar

Former Kenya Revenue Authority (KRA) boss Michael Waweru who died yesterday, July 6, ensured the country had a strong tax compliance foundation. Waweru, who served the government agency for nine years, from 2003 until his retirement in 2012, was also the Board Chairman of East Africa Cables, a position he held for seven years. “We at KRA offer our deepest condolences to the family of Dr. Michael Waweru, former KRA Commissioner General, following his passing.