Whether you’re an agriculture graduate, an aspiring agripreneur, or an urban professional seeking a side hustle, farming in Kenya offers immense potential to diversify income and build wealth. The sector is ripe with opportunities for those willing to embrace modern techniques and innovative approaches.

Young Farmers: Pooling Resources and Embracing Innovation

Across the country, young farmers are forming chamas (informal savings groups) and investment groups to pool resources, lease idle land, and implement modern farming techniques. This collaborative approach allows them to overcome financial barriers and access larger plots of land.

To stay competitive in today’s market, these young agripreneurs are adopting innovation and technology at an impressive rate. From hydroponics and vertical farming to precision agriculture and digital marketing, they are leveraging technology to ensure sustainability, increase yields, and reach wider markets. This embrace of modern methods is transforming the landscape of Kenyan agriculture.

Challenges Young Farmers Face in Kenya

Despite the abundant opportunities, young farmers in Kenya face significant hurdles that can hinder their progress:

• Limited access to finance: Traditional loans often demand substantial collateral, come with high interest rates, and involve cumbersome paperwork, making them inaccessible to many young farmers.
• High input costs: The cost of quality seeds, fertilizers, and essential equipment can significantly eat into profits, reducing the financial viability of farming ventures.
• Land scarcity: Expansion is often difficult due to the high cost of farmland, particularly in prime agricultural areas.
• Climate change and water scarcity: Erratic rainfall patterns and prolonged droughts threaten crop yields, while the investment required for irrigation systems and boreholes can be prohibitive.
• Pests and diseases: The cost of effective pesticides can be high, and crop losses due to pests and diseases can further reduce income and jeopardize investments.
• Unforeseen risks: Natural disasters such as droughts, fires, and floods can wipe out entire investments, leaving farmers with significant losses and debt.

Tailored Financial Solutions for Kenyan Farmers

Recognizing these challenges, financial institutions like Equity Bank are stepping up to provide tailored solutions. The Equity Bank’s Kilimo Maendeleo Loan offers flexible financing designed specifically for farmers at every stage of their journey, whether they’re planting, scaling, or diversifying their operations.

Here’s how the Kilimo Maendeleo Loan works:

• Insurance-backed security: Your investment is protected against the devastating effects of droughts, floods, and other natural disasters, with negotiable premiums designed to keep costs manageable.
• Repayment tailored to your harvests: Enjoy flexible repayment terms of up to 10 years, with repayments aligned to your crop cycles or income streams, ensuring you can manage your finances effectively.
• Hassle-free access: Apply conveniently via Equitel, the Equity Mobile App, USSD 2476#, or by visiting any Equity branch across the country.

Take the Next Step in Your Farming Journey

Don’t let financial constraints hold you back from realizing your agricultural dreams. Explore the opportunities available through the Equity Bank Kilimo Maendeleo Loan and unlock the potential of your farming venture.

Call 0763 000 000 or log on to: https://equitygroupholdings.com/ke/borrow/agri-business/kilimo-maendeleo-loan/ to get started today.

The post How Accessible Loans and Rains are Fueling Youth Participation in Farming appeared first on Biz Post Daily.

This comes hot on the heels of their impressive victory at the East Africa Regional Finals held right here in Nairobi, proving that Kenyan innovation is ready to compete on a global stage.

Jenga AI’s story began with a simple question: Why should inefficiency be an accepted cost of doing business for subcontractors in commercial construction?

Founders Shayne and Nym, drawing on Nym’s experience as a large specialty contractor in New York City, recognized the immense waste of time and resources associated with manual bidding processes. With win rates typically hovering around 20%, estimators were spending 80% of their time on projects that never materialized.

This realization sparked the creation of JENGAI, an analytical CRM designed to empower subcontractors to focus on the right projects, avoid wasted time, and maximize their efforts.

So, what’s the Datamellon AI Ignite all about? It’s a program designed to supercharge promising AI startups. Think of it as a launchpad, offering a powerful combination of resources:

• Ksh 13 Million in Seed Funding (Equity-Free!): That’s a serious boost to get things moving.
• Ksh 260 Million Investment Fund Access: Top performers get a shot at even more funding to scale their operations.
• Silicon Valley Exposure: The chance to pitch to the big leagues – investors and tech gurus in the heart of Silicon Valley.
• Expert Mentorship: Eight weeks of guidance from industry veterans to refine their strategy and execution.
• Cutting-Edge Infrastructure: Access to Datamellon’s AI and cloud resources, essential for building and scaling their solutions.

Jenga AI’s win in Nairobi wasn’t just luck. It showcased the ingenuity and problem-solving skills that are becoming hallmarks of Kenyan startups.

Their innovative approach caught the judges’ attention, demonstrating the potential to create real impact and disrupt traditional industries. Now, as they prepare for Marrakech, they’re carrying the hopes of Kenya’s tech community with them.

This victory is a testament to the growing strength of Kenya’s tech ecosystem. We’re seeing a surge in talented developers, a supportive community of investors and mentors, and increasing access to the resources needed to build world-class companies.

Jenga AI’s success is a sign that Kenya is becoming a force to be reckoned with in the global AI landscape.

Programs like Datamellon AI Ignite are crucial for fueling this growth. They provide the capital, mentorship, and exposure that startups need to overcome challenges and reach their full potential.

By connecting Kenyan innovators with global networks, they’re helping to build a vibrant and competitive tech sector that can drive economic growth and create opportunities for Kenyans.

This is a chance to showcase Kenyan ingenuity to the world and attract even more investment and opportunities to our growing tech ecosystem.

Datamellon, with its strong presence across Africa, is a key partner in this journey. As an AWS Advanced Consulting Partner, they’re providing the essential infrastructure, expertise, and support needed to help Kenyan startups thrive.

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While the Kenyan government attempts to spin these policies as opportunities, the reality on the ground is one of economic hardship and uncertainty, compounded by questions about the validity of the tariff calculations themselves.

The False Promise of “Reciprocal Tariffs” – And Questionable Math

The U.S. government claims that its “reciprocal tariffs” are designed to level the playing field and promote fair trade. However, for Kenya, the imposition of a 10% tariff on exports to the U.S. represents a significant barrier to trade.

While the Kenyan Ministry of Investments, Trade and Industry (MITI) attempts to portray this rate as comparatively advantageous to tariffs imposed on other nations, the fact remains that Kenyan businesses now face increased costs, reducing their competitiveness in the U.S. market.

 

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Adding insult to injury, questions are being raised about the very formula used to arrive at these “reciprocal” tariff rates.

Bloomberg Opinion Columnist John Authers pokes holes in the Trump administration’s explanation in the above reel, suggesting inconsistencies and potential manipulation of the data. If the very basis for these tariffs is flawed, it casts further doubt on the fairness and legitimacy of the policy.

The government’s argument that Kenya can leverage this situation to attract investment in local textile production and manufacturing is a desperate attempt to find a silver lining in a dark cloud.

The reality is that Kenya lacks the infrastructure, technology, and skilled workforce necessary to compete effectively with established textile-exporting nations.

Moreover, the time and investment required to develop these capabilities are significant, leaving Kenya vulnerable in the short to medium term.

The Crushing Impact of Aid Cuts

The tariff changes are only part of the problem. The Trump administration’s decision to slash U.S. aid programs, driven by a narrow focus on cost-cutting, has dealt a devastating blow to Kenya’s development efforts. The cancellation of two recent contracts exemplifies this trend:

• Aviation Advisors Consulting Contract: The termination of a $3.4 million U.S. Department of State contract for aviation advisors will hinder efforts to improve Kenya’s aviation infrastructure and safety standards.
• Primary Literacy Program Contract: The cancellation of a $79 million contract intended to support primary literacy initiatives is a particularly egregious blow, undermining efforts to improve education outcomes for Kenyan children.

These cancellations are just the tip of the iceberg. President Trump’s freeze on temporary aid has halted the vast majority of USAID projects in Kenya, leaving only a handful active.

This drastic reduction in U.S. support will have far-reaching consequences, impacting sectors such as healthcare, agriculture, and infrastructure development.

A Government in Denial?

The Kenyan government’s attempts to downplay the negative impact of these policies and portray them as opportunities are disingenuous.

While the MITI claims to be working on strategies to enhance Kenya’s exports and encourage investment, these efforts are unlikely to offset the significant losses resulting from the tariff changes and aid cuts.

The government’s rhetoric about strengthening partnerships and promoting sustainable trade growth rings hollow in the face of the Trump administration’s protectionist policies and disregard for international development.

The reality is that Kenya is being forced to navigate a hostile economic environment, with limited resources and a government that seems unwilling to acknowledge the severity of the situation.

The Trump administration’s “reciprocal tariffs” and aid cuts represent a major setback for Kenya’s development. These policies will exacerbate existing economic challenges, undermine critical sectors, and jeopardize the well-being of millions of Kenyans.

The questionable basis for the tariff calculations only adds to the sense of injustice. While the government attempts to put a positive spin on these developments, the truth is that Kenya is facing a difficult and uncertain future.

The long-term consequences of these policies will be felt for years to come, potentially reversing decades of progress and hindering Kenya’s ability to achieve its development goals.

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The study projects that 40% of tasks in Africa’s tech outsourcing sector could be automated by 2030, presenting both challenges and opportunities for the industry and its employees.

Kenya’s BPO Boom and the AI Disruption:

Kenya’s BPO market is projected to reach $272.10 million in 2025, with an impressive annual growth rate of 5.96%. This growth is expected to continue, reaching a market volume of $343.00 million by 2029. The Kenyan government aims to create 1 million BPO/ITES jobs in the next five years through supportive policies and incentives.

However, the report highlights that automation could slow down this trajectory. Specifically, Customer Experience roles, which constitute 44% of current employment in the African BPO sector, are particularly vulnerable, with half of the tasks at risk of automation.

Key Findings of the Report:

• 40% of tasks in Africa’s BPO and ITES sectors could be automated by 2030.
• Only 10% of tasks are fully resilient to automation.
• Customer Experience roles are most vulnerable, with 50% of tasks automatable.
• Entry-level jobs, comprising 68% of the workforce, are significantly affected.
• Tasks performed by women are 10% more susceptible to automation than those performed by men.

Opportunities for Upskilling and Growth:

Despite the potential for job displacement, the report emphasizes that AI also creates opportunities for workers to transition into higher-skilled, higher-paying roles. Strategic investment in widespread AI upskilling and training is crucial to unlocking Africa’s $35 billion BPO potential by 2028.

Rodwell Mangisi, Director of Digital Economy Pan African Programs at the Mastercard Foundation, stated, “Africa’s tech outsourcing industry is expanding rapidly, adding new jobs and opportunities each year.

“As AI transforms global business processes, Africa can lead by ensuring its workforce is AI-ready. By investing in targeted upskilling programs, especially for women and young professionals, we can ensure this 6% annual growth translates into sustainable, high-value employment that benefits all demographics.”

AI Integration and the Changing Role of Workers:

AI is already integrated into Africa’s BPO and ITES sectors, driving efficiency and innovation. Workers are using tools like ChatGPT, Microsoft Copilot, and in-house chatbots to enhance productivity, creativity, and accuracy. This allows employees to focus on strategic problem-solving, decision-making, and higher-value tasks, leading to opportunities for career advancement.

Addressing the Challenges and Ensuring Equitable Growth:

The report acknowledges that AI’s rapid rise could disproportionately impact certain roles, particularly entry-level positions held by women and youth. To mitigate these risks, AI-driven upskilling programs are needed to enable workers to shift into higher-skilled roles in areas like cybersecurity, AI management, and data services.

Charlene Migwe, Program Director at Caribou, emphasized, “Africa’s tech outsourcing sector is at a pivotal moment. With the right investments in skills development, ethical AI, and inclusive policies, we can transform the risks of automation into new opportunities for innovation and resilience.

The future of Africa’s BPO and ITES sectors hinges on proactive measures to address the challenges and capitalize on the opportunities presented by AI automation.

By investing in equitable AI upskilling and reskilling efforts, the industry can ensure that all demographics, particularly women and young professionals, can transition into future-proof roles and contribute to sustainable economic growth. The key is to embrace AI as a tool for empowerment and innovation, rather than a threat to employment.

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This move signals a more serious commitment to the Kenyan market and could significantly impact the healthcare landscape for upper-middle-income earners and above.

Kenya’s growing economy and the government’s focus on improving healthcare access through Vision 2030 make it an attractive market for IPMI providers. With the health insurance market projected to nearly double by 2030, Bupa Global is betting that Kenyans are ready for more comprehensive healthcare options.

Of course, they aren’t the only players in this space; established international insurers like Aetna, Cigna, and GeoBlue also offer premium services in the country.

What Bupa Global Offers

So, what does this mean for you, the discerning consumer? Bupa Global is promising:

• Access to a Global Network: Direct connections to leading medical specialists and top healthcare providers worldwide.
• Innovative Digital Tools: Convenient and affordable access to healthcare services through their digital platform.
• Tailored IPMI Plans: A range of international health insurance plans designed for SMEs, individuals, expatriates, and corporates.
• Local Support: A smooth transition for existing customers with a dedicated Nairobi office.

Bupa Global’s entry into Kenya with a local presence could shake up the premium healthcare scene. Their expertise in IPMI and commitment to digital innovation could raise the bar for quality and accessibility. However, success will depend on their ability to compete with established players and deliver on their promises.

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Most Affordable Loans in Kenya: Cheapest Lending Rates

Securing a loan with a competitive interest rate is crucial for managing your finances. Here are the lenders offering some of the cheapest lending interest rates in Kenya as of February 2025, according to data from CBK::

1. Citibank N.A Kenya: 12.78%
2. Consolidated Bank of Kenya Limited: 13.31%
3. Kingdom Bank Limited: 13.86%

Here are the lenders offering some of the highest lending interest rates in Kenya as of February 2025.

• Middle East Bank (K) Limited: 21.62%
• HFC Limited: 19.80%
• Sidian Bank Limited: 19.11%

Maximize Your Savings: Best Deposit Interest Rates

Looking to grow your savings in Kenya? These banks offer some of the most competitive deposit interest rates:

• Paramount Bank Limited: 13.09%
• UBA Kenya Bank Limited: 12.71%
• Premier Bank Kenya Limited: 3.21%

Kenyan Banks: Finding a Balanced Approach

Identifying banks that strike a balance between lending and deposit rates can be valuable. These institutions maintain a relatively small spread, suggesting a more equitable approach to their interest rate policies:

• Consolidated Bank of Kenya Limited: Lending Rate (13.31%) – Deposit Rate (7.30%) = Spread (6.01%)
• Standard Chartered Bank Kenya Limited: Lending Rate (14.90%) – Deposit Rate (3.36%) = Spread (11.54%)
• Gulf African Bank Limited: Lending Rate (15.47%) – Deposit Rate (11.04%) = Spread (4.43%)

Actionable Insights for Kenyans

Understanding these interest rates empowers you to make smarter financial choices.

• Individuals: Planning to take out a personal loan for education or home improvements? Comparing lending rates can save you thousands in interest. Maximize your savings by scrutinizing deposit rates and choosing accounts with the best returns.
• Businesses: When seeking loans for expansion or working capital, comparing rates across different lenders can significantly impact your bottom line. Similarly, maximize returns on surplus cash by strategically placing deposits in high-yield accounts.

Navigating Kenya’s banking landscape requires informed decisions. Use this guide to compare rates, understand your options, and achieve your financial goals.

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Background: The Court Case and VAT on Property Sales

The case revolved around a dispute over VAT charged on a commercial property purchase. The initial High Court ruling favored the buyer, but the KRA appealed, leading to this new decision. Understanding the details of this case is crucial for commercial property owners in Kenya.

Key Takeaway: VAT Is Payable on Commercial Property

The Court of Appeal has definitively stated that VAT applies to the sale of land with commercial buildings in Kenya. This reverses the previous High Court decision and sets a clear precedent for future transactions.

What This Means for Your Business: Navigating VAT Compliance

This ruling has several important implications for businesses involved in the Kenyan commercial property market:

• VAT Liability: Be aware that the sale of land with commercial buildings is subject to VAT.
• Compliance is Essential: Ensure your business is correctly accounting for VAT on all commercial property transactions.
• Seek Professional Guidance: Consult with experienced tax advisors to understand the specific VAT implications for your business and your specific circumstances.

PwC’s Recommendations: Review, Disclose, and Comply

Leading professional services firm, PwC, recommends the following actions:

• Review Past Transactions: Conduct a thorough review of past commercial property transactions to identify any potential non-compliance issues.
• Consider Voluntary Disclosure: Take advantage of the KRA’s Tax Amnesty program, ending June 30, 2025, to voluntarily disclose and correct any errors. This can help you avoid penalties and interest.
• Stay Informed: Keep up-to-date with the latest VAT regulations and rulings to ensure ongoing compliance.

The Court of Appeal’s decision provides clarity on the VAT treatment of commercial property sales in Kenya. By taking proactive steps to review your transactions, seek professional advice, and ensure compliance, you can protect your business from potential penalties and maintain a strong financial standing.

Disclaimer: This blog post is for informational purposes only and does not constitute professional tax advice. Consult with a qualified tax advisor for specific guidance on your situation.

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Both devices are set to debut on February 20, 2025, in China, with a global release expected shortly after. This should have Kenyans excited about the possibility of finally getting their hands on a premium OPPO smartwatch.

The OPPO Watch X2 is generating significant buzz, particularly due to its impressive features and sleek design. It boasts a round OLED display encased in a titanium bezel, giving it a premium and durable look. The watch will be available in three stylish colors: Silver, Blue, and Black.

Beyond its aesthetics, the OPPO Watch X2 is packed with health-focused features, including ECG tracking, hypertension risk reminders, and wrist temperature mapping. It also supports eSIM functionality, GPS, and NFC, ensuring seamless connectivity. With a 648mAh battery, the watch promises extended usage time and comes with an IP68 rating for water and dust resistance.

While the OPPO Watch X2 is expected to be released as the OnePlus Watch 3 in some markets, it’s important to note that OnePlus devices have historically not been available in Kenya. Therefore, the focus for Kenyan consumers will be on the OPPO Watch X2 itself.

While OPPO watches haven’t been officially unveiled in the Kenyan market before, there’s growing optimism that the Watch X2 could mark a change.

Kenya has a burgeoning number of health-conscious individuals who are increasingly embracing wearable technology.

An affordably priced smartwatch with premium features like the OPPO Watch X2 could find a receptive market in the country. The availability of OPPO smartphones in Kenya makes the prospect of the Watch X2 even more promising.

The OPPO Watch X2 has the potential to disrupt the Kenyan smartwatch market with its blend of style, functionality, and potential affordability.

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Influencers engaged for the Reno12 campaign recently voiced complaints about delayed payments. OPPO Kenya acknowledged these concerns and explained that they partnered with AIfluence, an influencer marketing agency, to manage the campaign, including handling contracts and payments.

OPPO Kenya states that they fulfilled their financial obligations to AIfluence, disbursing both the initial 50% and the final 50% payment upon completion of the campaign deliverables.

As stated in their official statement on the issue, “Following our contractual agreement with AIfluence, OPPO Kenya made an initial 50% down payment to the agency to facilitate the influencers and remitted the final 50% payment upon completion of work, which was done on the 25th of October 2024.”

The core of the issue, as explained by OPPO Kenya, lies in the contractual agreements. The influencers signed contracts directly with AIfluence, not OPPO Kenya.

“It is important to note that all influencers in this campaign signed direct contracts with the agency and not OPPO Kenya,” the press release confirms. While this clarifies OPPO Kenya’s legal position, the company expressed empathy for the affected influencers and emphasized their commitment to resolving the situation. “However, we deeply empathize with the affected influencers,” the statement reads.

Despite the separate contractual agreements, OPPO Kenya has taken several steps to address the influencers’ concerns. They have offered legal assistance, including covering legal costs, to any influencer wishing to pursue legal action against AIfluence.

“OPPO Kenya has, however, offered legal assistance, including covering legal costs, to the affected influencers as they seek legal action against the agency for lack of compensation, of which none of them has taken up this offer,” the press release states.

Furthermore, OPPO Kenya has initiated legal action against AIfluence for defamation and brand harm. “Additionally, OPPO Kenya has taken legal action against AIfluence on grounds of defamation and brand harm caused by the agency’s failure to fulfill their payment obligation to the affected influencers,” the press release explains.

This action stems from AIfluence’s failure to fulfill its payment obligations to the influencers, which has negatively impacted OPPO Kenya’s reputation.  “OPPO Kenya does not condone the current frustrations that the influencers engaged in the Reno12 series campaign are going through,” the company states.

OPPO Kenya’s response highlights the complexities of influencer marketing and the potential challenges that can arise even when working with established agencies. While the company fulfilled its contractual obligations to the agency, the subsequent payment issues faced by the influencers have prompted them to take both supportive and protective measures.

This situation serves as a reminder of the importance of clear contractual agreements, due diligence in agency selection, and proactive communication in influencer marketing campaigns.

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How Does It Work?

With the Rudishiwa Paybill offer, Airtel Money customers will receive a 50% cashback on transaction fees incurred when making payments to Airtel Paybills. This cashback will be credited to the customer’s airtime balance, allowing them to stay connected and enjoy the benefits of mobile communication.

Partnering for Convenience

To enhance the convenience of mobile payments, Airtel Money has partnered with several key providers, including:

• KPLC
• Nairobi Water
• Mombasa Water
• DSTV
• eCitizen
• Expressway
• KAPS
• Various e-commerce platforms

In addition, Airtel Money has collaborated with leading banks like Equity Bank, KCB Bank, and Cooperative Bank to enable customers to make payments at merchant outlets nationwide.

A Commitment to Innovation

Airtel Money has been at the forefront of mobile money innovation in Kenya. By offering secure, convenient, and affordable payment solutions, the company has significantly contributed to financial inclusion and economic growth.

Anne Kinuthia Otieno, Managing Director of Airtel Money, emphasized the company’s commitment to customer value and convenience:

“The growing potential of mobile money has been crucial in enhancing financial inclusion and economic activity. Mobile money has now become a primary mode of exchange, and creating mechanisms to streamline this is crucial for societal well-being. Our main goal is to continuously give customers value, choice, affordability, and convenience.”

To further strengthen its distribution network, Airtel Money has partnered with Naivas Supermarket, allowing customers to deposit and withdraw cash at Naivas branches across the country. This expansion will provide increased convenience for users.

To take advantage of the Paybill Rudishiwa offer, Airtel Money customers can simply dial *334#, select “Paybills and Till,” and choose “Airtel Paybills” to make their payment. Alternatively, they can utilize the My Airtel App.

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