Category: Business and News

70% of Kenyans Report Income Declines in 2024, with Half of the Workforce Experiencing Stress, New Report Finds

A new report by Old Mutual reveals that 70% of Kenyans saw a decline in their incomes in 2024, with nearly half (47%) of the country’s working population reporting significant stress, including physical and mental health impacts. The second edition of the Old Mutual Financial Services Monitor (OMFSM), launched today in Nairobi, explores the financial wellbeing of […]

OLEA expands in Africa with Marsh Botswana and Marsh Uganda acquisition underway 

Olea entered the Kenyan market in 2019 after buying a 40% stake in a Kenyan firm [February 2025] – OLEA, a Pan African insurance broker, has announced it has reached an agreement to acquire to Marsh Uganda and Marsh Botswana, subject to approval by local authorities in both countries. The announcement follows the two companies’ successful collaboration over the […]

New LG Study Reveals 48% Increase in Optimism Over the Last Six Months

A new study by LG Electronics (LG) reveals that 48 percent of consumers are more optimistic today than they were six months ago. The survey, conducted across 16 markets, provides extensive data on global optimism, its drivers and the demographics that feel the most optimistic and happy. The global average optimism score is 7.49/10. Consumers […]

Gertrude’s Children’s Hospital to grow capacity with new state-of-the-art paediatric ward

Gertrude’s Children’s Hospital has launched the construction of a new state-of-the-art 19-bed ward in Muthaiga, aiming to boost the hospital’s capacity. Scheduled for completion in 2025, the ward is projected to cost KES. 220 million which includes a KES. 40 million personal donation from Dr. Rasik Kantaria, the chairman of Prime Bank. The new ward […]

MultiChoice Talent Factory Eastern Africa Academy Graduates Class of 2024

The MultiChoice Talent Factory (MTF) Eastern Africa Academy celebrated the graduation of its 2024 cohort, comprising 20 talented young filmmakers from across the East African region. This year’s students completed a 12-month programme of workshops, lectures, practical film productions and masterclasses, where they gained skills in everything from screenwriting and editing to sound design, producing, […]

Microsoft announces plans to leverage AI to fast-track growth of start-ups in Africa

Microsoft, through the company’s Africa Transformation Office (ATO), has unveiled an initiative that will accelerate advancements in artificial intelligence (AI) and foster collaboration between startups and industry leaders. The initiative will also mark the launch of Microsoft’s strategic collaboration with NVIDIA, aimed at accelerating AI startup development in Africa. The announcement was made building on […]

Tatu City appointed Regional Office for World Free Zones Organization

Tatu City has been appointed as the Regional Office and National Contact Point for the World Free Zones Organization. The appointment recognises Tatu City SEZ’s leadership in advancing SEZ development and economic transformation in East Africa.  The appointment was formalised during the 9th African Economic Zones Organization Annual Meeting at the Kenyatta International Convention Centre […]

Call for entries: The Earthshot Prize 2025 – Seeking groundbreaking solutions to restore our planet

Following a record-breaking year for nominations, and a historic first awards ceremony on the African continent, The Earthshot Prize (TEP) is officially open for entries for its 2025 cohort and MultiChoice is proud to once again be an official Africa nominator for TEP. TEP seeks innovative solutions across five critical Earthshots: Protect and Restore Nature; […]

Old Mutual Launches Monthly Payment Option for Insurance Coverage

The Monthly Premiums Plan offers customers a full year of coverage without the burden of a large upfront payment. Customers can manage their insurance coverage through Old Mutual’s online platforms in addition to round-the-clock support from Old Mutual’s help desk. Old Mutual General Insurance Kenya (OMGIK) has today announced the launch of its new Monthly […]

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