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Every Kenyan in Sh63,500 debt as borrowing hurts economy

BUSINESS

What Kenyans are known for istheir insatiable appetite for credit. Their love for spending is not debatable. This explains why the Central Bank of Kenya data shows that in the nine months to September 2013, Kenyans borrowed a massive Sh389.3 billion for personal or household use.

Every Kenyan in Sh63,500 debt as borrowing hurts economy

By By JEVANS NYABIAGE | 7 years ago

Nairobi emerges as Africa’s most expensive city

Nairobi emerges as Africa’s most expensive city

Kenya risks losing out to other cities as an investment hub with a new report naming Nairobi as Africa’s most expensive city. The Economist Intelligence Unit (EIU) survey that sampled eight African cities places Nairobi ahead of Côte d’Ivoire’s Abidjan.

By Jevans Nyabiage | 7 years ago

Nokia shifts to Android for its smartphones

Nokia has made a dramatic about-turn three years after ditching Symbian for the Windows Phone.

By JEVANS NYABIAGE | 7 years ago

Telkom SA sells loss-making iWayAfrica

South Africa’s largest fixed-line phone operator, Telkom SA has sold its loss-making iWayAfrica and Africa Online Mauritius to Gondwana International Networks via a private sale.

By JEVANS NYABIAGE | 8 years ago

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