Google’s Jigsaw unit, which was created with the aim of protecting communities and nonprofits from online hate speech, disinformation, and surveillance, has been hit severely by recent layoffs at parent company Alphabet. According to three anonymous employees who were laid off in January, Jigsaw’s workforce of 50 employees has now been reduced by at least…
Christoffel “Christo” Wiese is a South African billionaire who recently made a comeback after a four-year legal battle. In December 2017, Wiese was informed of a $7.4 billion accounting fraud at Steinhoff International, a furniture group where he was the largest shareholder and chairman. The fraud, which took place over nine years, resulted in a…
Kenya is a country with a rich history of agriculture, and cotton farming was an integral part of its agricultural heritage. Before independence, Kenya relied heavily on imports of textiles from the United Kingdom, India, and Uganda. However, the independent government of Kenya saw the need to develop its own cotton industry, which would not…
The cost of living in Kenya is driving many individuals to rely on short-term mobile loans to meet their needs, as evidenced by a 30.7% increase in borrowings from Safaricom’s overdraft service, Fuliza, in the six months to June 2022. According to data released by the mobile network operator, the amount of cash disbursed on…
Safaricom, the largest mobile network operator in Kenya, has made a significant change to its popular overdraft service, Fuliza. Users of the service are now able to make direct cash withdrawals from M-Pesa agent stores, marking a departure from the previous mode where the service was restricted to payments. A spot check by the Business…
The approval of genetically modified (GMO) products in Kenya has sparked a significant debate, with diverging opinions mainly centered on health concerns, socioeconomic considerations, and political interests. On one side, scientists and experts have defended the technology, claiming it is a game-changer for the country’s food security and can help address issues such as pests…
On Thursday, the European Union (EU) issued a “red card” to Cameroon for failing to cooperate in the international effort to combat illegal fishing. According to a statement released by the European Commission, Cameroon has been designated a “non-cooperating country” and the EU will request that its member states add Cameroon to the bloc’s blacklist.…
The use of mobile money in Kenya has reached new heights, with the value of such transactions surpassing half of the country’s gross domestic product (GDP) in 2021. Data from the Central Bank of Kenya (CBK) shows that mobile money transactions reached 56.8% of GDP last year, up from 48.7% in 2020 and projected to…
Political events and decisions can have significant effects on the economy of any country, including Kenya. Some specific ways that politics can impact the economy in Kenya include: Overall, politics and the economy are closely interconnected, and the actions of the government and other political actors can have significant effects on the performance of the…
Starting a small business can be a rewarding and exciting venture, but it also requires careful planning and a lot of hard work. Here are some steps you can follow to start a small business: Determine your business idea: Start by identifying a product or service that you can offer. This could be something you’re…