BUSINESS

BUSINESS

Telkom Kenya to Fire Over 500 Employees by March Next Year

And there we go, Helios Investment Partners after taking over from Orange are starting to reorganize the Telkom Kenya in what they are calling workforce-rationalisation plan. In simple words Telkom…

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BUSINESS

WTO to eliminate custom taxes on ICT products

WTO to eliminate custom taxes on ICT products. The tariffs will be reduced in goods such as medical equipment i.e scanners, home hi-fi systems, headphones, DVR players, semi-conductors and GPS…

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BUSINESS

KenGen set to top the world in geothermal energy generation

The Kenya Electricity Generating Company (KenGen) is set to embark on an ambitious growth strategy that will see it move to the top of the world in geothermal energy generation…

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BUSINESS

Etihad Airways goes digital

Etihad Airways, the national airline of the United Arab Emirates, and Cognizant (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, announced a strategic agreement…

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BUSINESS

Databank has data backup solutions for high Internet cost and slow Internet speeds problems

I will never again see my son’s first dance, a dance he did when he was only eight months old. That dance wasn’t important because it was his first, nor…

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BUSINESS

Emerging social leaders to receive support from Safaricom and KCB

Safaricom Limited and the KCB Foundation have partnered with Acumen to advance the Acumen East Africa Fellowship, a leadership development program that equips emerging social leaders in East Africa with…

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BUSINESS

Corruption should be a number one Human Rights issue for Kenyans

Tomorrow, 10th of December, the world will be commemorating the Human Rights day.  A day that need to be looked at from many angles including the economic well being of…

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BUSINESS

CNN Money Transfer to sideline Western Union and MoneyGram

I have never used Western Union nor MoneyGram to send money, but CNN money transfer will definitely make it easy to send money across the world. Sending money using other…

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BANKING

Integrated digital payments and the Switch technology

Sometime back while in Kisii town, I went to a KCB machine to get some money but the ATM was not working. While coming out I met a lady who…

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MOBILE MONEY

Airtel money and M-pesa drama

Airtel money and M-pesa offer the same services and to their advantage the target market is huge. Airtel has started yet another drama after they found out that Safaricom is…

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BUSINESS

Etihad Airways enhances its presence in East Africa

The East African market is growing very fast and companies are grouping themselves up to occupy the region. Two weeks ago, Vimal Shah provided that East Africa has an open…

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BUSINESS

Data backup and restore by Compfix DataBank

Backing up and restoring digital data in the cloud by Compfix DataBank Listen to these statistics about loss of enterprise data contained in a December 2014 Press Release by EMC²:…

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BUSINESS

From Paynet Group to Interswitch East Africa

From Paynet Group to Interswitch East Africa and what to expect Interswitch East Africa is a business entity that can be argued as not new in Kenya. If a business…

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MOBILE MONEY

It is now official to trade your Safaricom bonga points for cash

How much is the worth of Safaricom bonga points in Kenya shillings? I attempted to answer this same question in the article  the value of Safaricom bonga points. This is because…

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MOBILE MONEY

Now I know why the MPESA Agent spoilt my travel plans

Time is money is a saying that demands that long distance journeys be done at night; even if the government doesn’t like it – even if some would rather lie beside…

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BUSINESS

Orange Sells Telkom Kenya Stake To Helios Investment Partners

And finally  Orange is out. Welcome Helios….. The Orange Group  has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya….

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BANKING

Cooperative Bank partners with SimbaPay as it eyes Diaspora’s banking industry

Cooperative Bank has partnered with SimbaPay a digital money transfer provider to offer international money transfer services to the bank’s customers in the Diaspora. According to the World Bank, Kenyans…

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MOBILE MONEY

Mobile Money Loans are money fleecing schemes as KCB MPESA increases interest rates to 72 percent

The Interest rates in Kenya currently stands at an all time high of between 28 and 30 percent thanks to the government’s decision to partake in a borrowing spree both…

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BUSINESS

African Development Bank Promised $300 Million Financing Facility To Support Women In Agro-technologies

New technology in Agriculture will lead to great production level in Africa. A good number of farmers are adopting tech to enhance their production. A good example is the use…

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BUSINESS

Survey Shows Businesses Are Losing Confidence In Suppliers

According to a survey conducted by Kaspersky Lab and B2B International, businesses are losing confidence in suppliers. The main reason is the increasing number of IT security incidents that they…

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BUSINESS

Eveready Plans To Introduce New Products After Signing Three Partnerships

Eveready East Africa Limited has signed a partnership deal with Sayyed Engineers Ltd of Pakistan, Chloride Egypt SAE, and Supreme Imports as it seeks to drive its diversification strategy agenda….

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MOBILE MONEY

Safaricom introduces name confirmation to prevent sending MPESA to a wrong number

On any given day, Safaricom receives an average of 12,000  calls from MPESA users asking for their MPESA transactions to be cancelled. That translates to an average of 4,380,000 calls…

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BUSINESS

Kenya is where China was 10 years ago

Kenya has been named top of the entrepreneurial spirit ahead of any other country on the continent with scores high in tech transfer, research and development expenditures. The early released…

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OTHER SECTORS

Kenya And Other African Countries Urged To Adopt Nuclear Technology For Development

Nuclear energy is commonly used to make weapons and supplement deadly attacks. However, International Atomic Energy Agency(IAEA) urged African governments and scientists to simplify nuclear science in order to help…

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BANKING

Barclays defies the traditional banking system to entertain customers

Barclays has rolled out internet connection to its banking halls in what is aimed at improving cutomer experience to enrich service value. In conjunction with Liquid Telcom Kenya, the bank…

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BUSINESS

KRA Is Targeting Small And Medium Enterprises To Grow Tax Base

Small and medium sized enterprises will not have an opportunity to enjoy full profits from their products since KRA is targeting small and medium enterprises. Well, it’s widely known KRA…

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BANKING

Credit Cards With EMV Chips Will Reduce Fraudulent Purchasers And Counterfeit ATM Cards

Financial institutions that allow customers to use credit cards always strive to provide ultimate security. A week a go I had a crazy experience with Co-operative Bank. Apparently, I had…

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BUSINESS

Kenyan markets: Barter trade an illegal practice in Kenya

When Will Ruddick introduced Bangla-Pesa back in May 2013, his intentions were for the best of Bangladesh residents in Mombasa. Bangla-Pesa only restricted to the slum acted as a voucher…

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BANKING

I&M account owners can now transact through Airtel Money

I&M account holders will now be able to “pull” money from their bank accounts into their Airtel Money Wallets or vice versa. This is following a partnership by the two…

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BANKING

KCB Group Was Assigned Top Rating And Stable Outlook By Leading Global Agencies

KCB group gives the best services and it’s ranked as the most stable. Global ratings agencies Standard & Poor’s (S&P) and Moody’s have assigned KCB Group top ratings and a…

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