Kenya has been ranked among Africa’s top three recipients of diaspora remittances behind Nigeria and Ghana, according to a World Bank report. Even so, according to the bank’s latest Migration and Development Brief, Africa recorded the slowest growth in diaspora remittances compared to other continents in 2022.

The co-chair of the Bill & Melinda Gates Foundation is also expected to announce the foundation’s forward-looking commitment to support new innovations and ingenuity aimed at improving health, food security, and gender equality in African countries.

Safaricom’s net profit for the six months ended September fell by 10 per cent to KES 33.5 billion on the heavy costs incurred during its entry into the Ethiopian market, a review of the Mobile Termination Rate (MTR) this year and the introduction of Excise Tax on SIM Cards.

Kenya’s largest telco Safaricom Plc became the first telecommunication provider in Kenya to roll out the 5G network on 27th October 2022. The telco announced 5G trials in March last year, and the company today began the roll-out by switching on the network in 5G-ready areas enabling customers to enjoy fast and reliable internet connectivity for their homes and businesses.