Kenya’s Expanding iGaming Market Offers Opportunities Despite Regulatory Hurdles

Since the legalization of online gambling in Kenya, several regulatory changes have impacted the iGaming market. In 2021, the country introduced a 7.5% excise duty on all betting stakes, including via online platforms, which still affects operators and players significantly.  Despite these and many other regulatory hurdles, online betting in Kenya has transformed into an…

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M-KOPA eyes new markets, 5G devices in growth plan

PHOTO | Courtesy Financial technology firm M-Kopa has revealed plans to expand its operations to at least 8 markets within three years as well as introduce new devices in the market to support its growth plans. M-Kopa Kenya General Manager Martin King’ori says the firm is open to raising a new round of capital to…

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KPSEA rehearsals for 1.3 million candidates underway

Rehearsals for the Kenya Primary School Education Assessment (KPSEA) are underway nationwide ahead of the main exam, which begins Monday, October 28, 2024. The Kenya National Examinations Council will administer this assessment, whose key purpose is to monitor learner progress as they proceed to the Junior School. A total of 1,313,913 candidates will be assessed…

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MP Calls for Investigation into ‘Buy Now, Pay Later’ Companies Amid Borrower Exploitation Claims

“Buy Now, Pay Later” (BNPL) companies are facing scrutiny for allegedly exploiting Kenyan borrowers. Kigumo MP Kamau Munyoro recently submitted a petition to Parliament, urging an investigation into BNPL schemes. As a member of the National Assembly’s Finance and National Planning Committee, he raised concerns after a constituent lost a motorcycle despite paying Kes. 250,000…

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Beyonce expected at Kamala Harris rally on Friday

Beyoncé is expected to appear Friday in her hometown of Houston at a rally for Vice President Kamala Harris, according to three people familiar with the matter. Harris’ presidential campaign has taken on Beyonce’s 2016 track “Freedom” as its anthem, and the singer’s planned appearance brings a high-level of star power to what has become…

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A ‘broken heart’: What ails Rigathi Gachagua

  Embattled former Deputy President Rigathi Gachagua during a church service at PEFA Church Kiamariga, Nyeri County on July 7, 2024. [File, Standard] Former Deputy President Rigathi Gachagua has been diagnosed with Takotsubo cardiomyopathy, also known as “broken heart” syndrome, a condition that weakens the heart’s main pumping chamber, the left ventricle. According to Harvard,…

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KeNHA on the Spot Over KES.128 Million in Dormant Accounts

The Kenya National Highways Authority (KeNHA) faced scrutiny on Wednesday over financial discrepancies in its audited accounts for the 2020/2021 and 2021/2022 fiscal years. During a session with the National Assembly’s Public Investments Committee on Commercial Affairs and Energy, Members of Parliament questioned KeNHA Director-General Eng. Kungu Ndungu and his team about why Kes.128 million…

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US gets $100m settlement for Baltimore bridge collapse

PHOTO | BBC The owners of a container ship that crashed into Baltimore’s Francis Scott Key Bridge have been ordered to pay the US government more than $100m (£77.1m) in damages, the US justice department has announced. Grace Ocean Private Limited and Synergy Marine Private Limited, the companies that owned and operated the Dali have…

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Most Kenyans Prefer Refurbished Smartphones: Report

A new report reveals that most Kenyans are increasingly turning to refurbished second-hand smartphones as the prices of new devices continue to soar. Launched on Tuesday, the GSMA Digital Penetration Report cites a survey indicating that over half of the respondents prefer used phones. “Sixty percent of the survey respondents indicated a preference for second-hand…

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