business
7 storiesIMF Chief Says World Economy Faces Multiple Risks Despite Resilience: International Monetary Fund Managing Director Kristalina Georgieva stated the global economy faces significant risks including stubborn inflation and rising debt servicing costs, despite proving more resilient than anticipated. The East African Community has officially resumed efforts to integrate regional capital markets, a crucial step toward establishing the East African Monetary Union. Separately, Kenya is defending its local oil marketers against accusations from Uganda that they inflated fuel costs through a Government-to-Government deal. Safaricom Extends Lead in Fixed Internet Market With Over 1mn Users: Safaricom has significantly extended its dominance in Kenya's fixed internet market, surpassing 1 million subscribers by June 30, 2026. Meanwhile, Starlink has grown its customer base to 10,191 users in Kenya, reaching 1 percent of the fixed internet market share within a year. In the same period, Kenyan Mobile Network Operators Safaricom, Airtel, and Telkom collectively hired 3,672 new employees. However, despite a record 101.3 percent mobile money subscription penetration, the number of registered mobile money agents declined by 5.6 percent.
















