BUSINESS

BANKING MOBILE MONEY STARTUPS TECH NEWS

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 TELECOMMUNICATION

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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BUSINESS

The B Team – Bob Collymore Together With Other Global Business Leaders Will Work Together To Support Vulnerable Employees

Naturally, the rich make themselves richer as the poor struggle under their feet. In other words survival of the fittest. However, the B Team would like to change that. Business…

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MOBILE MONEY

Mobile Money Transfer Is A Lucrative Venture As The Country Records 129,357 Active Agents

Every village in the country has an M-pesa agent. Kenya’s leading mobile money transfer system, M-pesa was introduced in 2007 and many people have embraced the service. My neighbors have…

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BUSINESS

Mix Telematics to effect NTSA’s operations as it expands in the EAC region

Mix Telematics will soon be setting up in Kenya in a plan to expand its operations in the wider East African region in the next three years. The global provider…

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BUSINESS

Tanzania beats Kenya as it is named most attractive retail market in East Africa

Based on four dimensions: Market size, Market Saturation, Country/Business Risk and Time Pressure among other factors, most African countries have shown an exponential business potential in the African Retail Development…

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MOBILE MONEY

Safaricom lets local and international developers in on the new M-PESA platform

Safaricom (NSE: SCOM) has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the most preferred mobile money…

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BUSINESS

Technology proves to be a powerful tool to help solve woman issues as Kenya’s GBC emerges winner of WVEF Tech Challenge

Kenya’s Greenbell Communications has been chosen winner of the 2015 WVEF Tech Challenge a joint initiative between the International Trade Centre (ITC), Google and CI&T. The winning bid by the GBC team was…

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BUSINESS

Brand management company first in Africa to transform its business using cloud solution

South African Industrial brand Management Company has realized the need to transform business operations to maintain its competitive position. With its diverse operations, including technical service centres, warehouses across multiple…

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BUSINESS

Local companies and the public sector lease solutions to minimise transport costs

Vivo Energy Kenya, has sealed a mutual interest partnership with local diversified business group, Simba Corporation. The deal signed will see Vivo Energy Kenya, access tailor made vehicle leasing solutions…

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