Business highlights – September 28 2017

Business highlights – September 28 2017

Ministry receives Ksh8.6 billion for free public primary and secondary education

The Ministry of Education has received Ksh8.6 billion for free public primary and secondary education. Principal Secretary Belio Kipsang said Ksh6.6 billion will cover the free day Secondary education programmes for 2.5 million students in 8,526 public secondary schools in the country. An estimated Ksh2 billion will be spent on capitation funds for 8.9 million learners in 22,262 primary schools under the Free Primary Education programme. Ksh226 million has also been disbursed to primary schools under the Special Primary Schools and Units grants, Dr Kipsang added.

Online taxi service providers convene to discuss pricing

The Digital Taxi Association of Kenya has convened a meeting with its members today to discuss new standard prices that cut across all the country’s cab hailing platforms. Taxi drivers under the umbrella body are recommending a standard price for a kilometre taken by a cab and a standard minimum base fare.

60% of SMEs vulnerable to cyber attacks

As many as 60% of small and medium-sized enterprises collapse within the first six months and are highly vulnerable to cyber attacks, a  report by security services provider AoN has revealed. As such, the digital services firm has unveiled a new cyber liability insurance policy that is set to save Kenyan firms at least Ksh400 million on average from a single breach. Currently, cyber attacks cost local firms a total of Ksh18 billion in annual losses.

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