BUSINESS

BUSINESS

‘Waste Is Wealth’ More Kenyans To Start Earning From Household Waste and Trash

Kenyans will soon make a living from waste lying around in their houses and place of residence in an initiative dubbed ‘Taka Ni Mali’. But First… What comes to mind…

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BUSINESS NEWS

You can now redeem Bonga points to invest in the NSE

Giant telco, Safaricom, and the Nairobi Securities Exchange (NSE), the principal securities exchange in Kenya have announced a new partnership to enable Kenyans to invest in stocks using their accrued…

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M-Shwari MOBILE MONEY

M-Shwari, Kenya’s innovation that made life bearable for millions at the height of COVID-19 pandemic

At the height of the COVID-19 pandemic in Kenya that occurred between March and September 2020, several financial institutions and government agencies tried to implement measures meant to cushion Kenyans…

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Yellow Card Cryptocurrency MOBILE MONEY

Your most pressing Cryptocurrency questions answered

Although cryptocurrency has been around since 2009, there are still many who have questions about it. The concept of cryptocurrency can seem foreign and intimidating, but only when you are…

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BANKING

KDIC rolls its risk-based premium model for commercial banks

The Kenya Deposit Insurance Corporation (KDIC) has announced the implementation of the risk-based insurance premium model for commercial banks which had been suspended last year due to the Covid-19 crisis. The model…

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MOBILE MONEY

Safaricom launches MPESA Super App with these amazing features

Safaricom has launched M-PESA Super App for customers and M-PESA for Business App with very amazing features such as an “Offline Mode” that will enable customers to use the app…

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Uhuru Kenyatta MOBILE MONEY

Uhuru roots for MPESA in Ethiopia, urges Abiy to open up mobile money services

President Uhuru Kenyatta has urged the Ethiopian government to also consider opening up opportunities for mobile money services as part of the telecommunications liberalization process while assuring Ethiopians that Kenya’s…

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Safaricom BUSINESS

Key highlights of Safaricom FY 2020’s KES 250.35 billion service revenue

Despite the tough economic conditions occasioned by the COVID-19 pandemic, Safaricom managed to record a flat growth in the financial year ended 31st March  2021. During this period, Safaricom enabled…

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CBK MOBILE MONEY

CBK announces resumption of transaction charges above KSH 100 via mobile money wallets

The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Ksh.100 effected through bank-specific (in-house) mobile money wallets that are closely linked to the Savings…

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sanitary towels BUSINESS

180,000 school girls to receive sanitary towels from M-PESA Foundation

M-PESA Foundation, in partnership with the Ministry of Education will distribute 3 months’ supply of sanitary towels to over 180,000 needy girls from across the country. The Foundation has committed…

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M-PESA MOBILE MONEY

Safaricom announces new M-PESA tariffs ahead of waiver expiry

The Central Bank of Kenya recently announced that it will not extend the waiver of fees on mobile money transfers below Ksh. 1,000 and that it would end on 31st December 2020 following…

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paxful MOBILE MONEY

Sauti Sol and Paxful get into a partnership to make more Kenyans know about Bitcoins

A few years ago bitcoins made headlines globally when the cryptocurrency’s price spiked more than a thousand fold, and then it fell almost flat footed. The volatility of the cryptocurrency…

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MOBILE MONEY

Reminder: Free mobile money transfers will end on 31st December

The Central Bank of Kenya has announced that the waiver of fees on mobile money transfers below Ksh. 1,000 will end on 31st December 2020 following a consultation it held…

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brandke BUSINESS

BRANDKE is developing an e-commerce platform to link exporters to global buyers

The Kenya Export Promotion and Branding Agency (BRANDKE) is developing a robust e-commerce platform that will link Kenyan exporters to buyers from across the world. This is part of the…

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Banking solution MOBILE MONEY

Entersekt and Cellulant partner to deliver safer mobile banking solutions

Entersekt, a leader in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial technology company to deliver safer banking solutions. The partnership will further enhance…

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MOBILE MONEY

O-CITY to use MPESA in driving contactless fare payments in Nairobi’s matatu network

BPC’s automated fare collection service provider, O-CITY has announced its new initiative dubbed ‘Lipafare’ aimed at driving contactless payments across 10,000 matatu buses in Nairobi, Kenya. The O-CITY pilot, designed to…

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Mahambi BUSINESS

Mahambi Market, Online Thrift Store, Launches in Kenya

Mahambi is an online peer to peer thrift marketplace where Kenyans can open ‘digital shops’ in minutes and sell their clothing items from anywhere, anytime. Launched in Kenya on 5th September…

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through MPESA BUSINESS

Get discounts this November by shopping at Jumia and paying through MPESA

Safaricom and e-commerce leader Jumia have partnered to reward customers shopping on Jumia with a 5% discount through the month of November. The discount will be available to all Jumia…

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BUSINESS

Shoppers can now but commodities from Uhuru Market online

HEVA, the East African creative economy catalyst fund, in collaboration with the traders of Uhuru Market, and Kenya’s National Government’s SMEs Advisory Unit, has unveiled an online e-commerce platform that…

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car bazaar BUSINESS

Tatu City Car Bazaar with SPOT Tracking: an event for everyone

Tatu City and its petrolhead partners at SPOT Tracking and TNL welcomed more than 300 cars and hundreds of auto-enthusiasts to the first-ever Tatu City Car Bazaar. The largest car…

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Micro and Small Enterprises Authority BUSINESS

Micro and Small Enterprises Authority and Equity have signed an MOU for empowering MSEs

Micro and Small Enterprises Authority (MSEA) and Equity have signed a Memorandum of Understanding (MOU) that will see MSE Associations under MSEA benefit from financial empowerment, advisory services and capacity…

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MONEY MARKET

Mastercard partners with Samsung, Airtel, and Asante to drive digital inclusion in Africa through Pay-on-Demand services

Mastercard has announced a partnership with Samsung, Airtel Africa, and Asante Financial Services Group to drive the digital economy across Africa starting in Uganda through the launch of the Pay-on-Demand…

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MPESA USSD MOBILE MONEY

Recently launched MPESA USSD – *334# is for smartless phones

There some of those thing that get launched that you wonder who tf needs them, and an example is the latest unveiled MPESA USSD – the *334#. I’m not sure…

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OTHER SECTORS

PACJA to close entries for the ACCER Awards 2020 on September 30th

As the World and governments at large continue to fight a pandemic brought about by the coronavirus, climate change activists have bounced back to accelerate their momentum on climate action….

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BANKING

Family Bank records KSH 852.1 million profit before tax in the first half of 2020

Family Bank has recorded a 63.6 percent increase in its profit before tax for the first six months of the year 2020. A Kenya Shillings 852.1 million profit up from…

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FINANCES AND INVESTMENT

Standard Chartered, Davis & Shirtliff partner to offer Kenya’s first sustainable finance package

Standard Chartered Bank has partnered with East Africa’s leading water and energy solutions provider Davis & Shirtliff to launch Kenya’s first sustainable financing instrument to support a green, low-carbon and…

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MOBILE MONEY

Kenyans are splitting huge amounts of money to KES 1000 to avoid transaction fees

The waiver on mobile money transactions of up to Ksh.1, 000 could be impacting negatively on Safaricom’s earnings. The telco company announced the zero-rating of the person to person and…

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shopping festival BUSINESS

Shop at great discounts during this time of Huawei shopping festival

Huawei Mobile Kenya has kicked off a two week’s shopping festival that will see consumers enjoy discounts on their various devices and accessories.  Among the products that will have discounts…

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5g global gdp BUSINESS

5G’s Impact on Global GDP over $7.5 trillion

Huawei recently held its 5G+, Better World Summit, where various operators and industry partners shared their experiences of how 5G applications can drive significant business and industry efficiency. “5G development…

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BANKING

KDIC announces deposit insurance coverage limit of Ksh 500, 000, effective 1st July 2020

The Kenya Deposit Insurance Corporation (KDIC) has announced the implementation of the raised deposit insurance coverage of KSh 500,000 from KSh100,000 aimed at compensating depositors in case of a bank collapse. The…

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