Business at a Glance: This Week's Top Stories
Good morning! Let’s dive into today's top stories from Business Daily. || August 29th, 2024
Explainer: Why satellite Internet is a market disruptor
Elon Musk’s Starlink is aggressively expanding in global markets, including Kenya, shaking up traditional telecoms like Safaricom. Safaricom has petitioned the regulator to review licensing for independent satellite providers as Starlink's presence grows. — Read More
The multinational’s competitive pricing has shaken the market in Kenya. For instance, a Business Daily spot check reveals that Starlink’s monthly charge of Sh1,300 for its recently introduced 50-gigabyte (GB) data plan is less than half the price of Airtel Kenya's similar package, which sells for Sh3,000.
MET announces onset of short rains season
The Kenya Meteorological Department has warned of expected short rains from October to December. Director David Gikungu stated that western and central Rift Valley regions will receive normal rainfall. — Read More
Jesse Waweru ‘Jesma’: Curtains fall on father of exam revision papers publisher
Curtains have fallen on Jesse Waweru, 72, the veteran teacher who founded Jesma Publishers three decades ago, inspiring others to follow suit. Waweru passed away last week from pancreatic cancer, ending his distinguished career in education. He was laid to rest on Tuesday, August 2. — Read More
Standard of proof: How emerging technologies affect court evidence
AI and emerging technologies are set to shape how courts handle evidence, with digital evidence becoming increasingly common due to e-commerce growth. Kenya recognized digital signatures in 2020 and passed a law allowing court process service via email or social media. — Read More
Gen Z protests slow KRA collections to a decade-low
July tax collections grew at the slowest pace in over a decade, excluding the Covid-19 period, due to business disruptions from Gen Z protests. Treasury CS John Mbadi reported a 2.87% increase to Sh159.51 billion compared to the same period last year, with increased reliance on costly overdrafts. — Read More
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Vine Spinach, the highest-earner vegetable in Kenya
Vine spinach, or nderema, is Kenya's top-earning vegetable, fetching over double the price of other greens. AFA data shows farmers earned Sh165.27 million from 2,092 tonnes in 2022, averaging Sh79 per kilogram—the highest price for any vegetable that year. — Read More
Kenya Airways rules out strategic investor deals with Middle East airlines
Kenya Airways (KQ) ruled out Middle Eastern partnerships as it seeks a strategic investor to inject capital and restructure its debt. After returning to profit in June 2024, KQ aims to hire a financial adviser by mid-September and onboard an investor by late December or early 2025. — Read More
Multi-faceted approach needed to strengthen reproductive rights in Africa
“Strengthening reproductive rights in Africa requires a holistic approach that addresses legal, cultural, and economic barriers, ensuring access to essential services for all, especially marginalized communities." — Read More
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