Dominic Omondi - Profile and Journalist Details
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Dominic Omondi
Verified
Writer, Business Daily Africa
Nairobi
Beats
Biography
I have been writing about government and the economy for two of Kenya's biggest media houses for more than 10 years.
economy and infrastructure
Content
By Dominic Omondi Verified| Business Daily Africa Verified Tanzania—once a socialist nation that eschewed wealth accumulation— is now prodigiously minting billionaires and is one of the leading sources of capital to Kenya. In the last decade, tycoons from Dar es Salaam have injected at least $340.6 million (Sh45 billion) into Nairobi, setting up a fierce supremacy battle with their Kenyan rivals in sectors such as cement, energy and finance.
By Dominic Omondi Verified, Sam Kiplagat Verified| Business Daily Africa Verified Defaulters of affordable housing loans will have a shorter window to regularise their mortgages before their homes are auctioned should the Senate ratify a fresh amendment to the Land Act 2012. The Business Laws (Amendment) Bill, 2024 proposes to slash the lifeline given to defaulters of cheaper home loans to clear their bad credit history from the normal 90 days to 45 days, an incentive to banks and other institutions who might want to provide mortgages to first-time homeowners.
By Dominic Omondi Verified| Business Daily Africa Verified Top banks in Kenya have adopted additional international payment systems, hoping to tap the rising inflow of cross-border trade and investment. In the latest development, Stanbic Bank Kenya’s parent company Standard Bank revealed that it would join China's global interbank payment system (CIPS) by the end of 2025—joining other top banks such as KCB Group and Equity which recently expanded their international payment options for traders and investors amid rising global transactions.
Company Info
Business Daily Africa
Business Daily Africa is an online platform that publishes stories from the Business Daily newspaper, part of the Nation Media Group based in Nairobi, Kenya. It serves as a leading source of business news in East Africa, aiming to support economic growth by providing essential business information. The platform is staffed by skilled professionals, including business journalists and industry experts, making it a hub for business insights. Business Daily Africa offers a variety of services focused on business news and analysis. It publishes daily newsletters featuring top headlines and weekly updates covering sectors such as tourism, agribusiness, engineering, and stock market news. The platform provides both print and digital news content, including exclusive web-only articles. It targets a diverse audience interested in East African business, including investors, entrepreneurs, and professionals across various sectors.
Nairobi, Nairobi County, Kenya
'+254 20 3288000
Founded: 2007