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Thursday, February 13, 2020
MPESA

How Kenya became a mobile money titan

In early 2004, Nick Hughes, the then Head of international payments at Vodafone group landed a ground funding deal with the UK’s Department for International Development (DFID) to finance a micro-finance concept idea he had. The purpose of this funding was to assist private-sector companies like his, to take risks on certain special projects. At the time, Micro-finance and Micro-Credits dominated the conversations of every...
M-Gas

Household pollution – the invisible killer

Household smoke – causing respiratory infections; is thought to be the world’s most lethal environmental problem. In Kenya for instance, the World Health Organization (WHO) estimates that each year, up to 15,000 premature deaths can be directly blamed on household air pollution. Wood and charcoal fires (primarily used for cooking) are among the leading emitters of a deadly Particulate Matter...
Credit Cards

Playing your cards right

As the country we live in continues to mature into a technologically advanced society, our money is quickly being transformed into plastic and digital numbers. Right now Kenya is still a society that very much likes cash, but the rise and popularity of services such as M-Pesa, Equitel and card payments is an example of how quickly things can change.
stocks

Want to make money in 2020? buy bank stocks

The Banking sector will drive the Nairobi Securities Exchange market in terms of earnings and dividends over the next five years. Egyptian investment firm EFG Hermes Holding says banks will grow their loans by up to 19.2 percent in the next five years after the rate cap was removed in November. The banks will also ride on an 8.4 percent increase...
Safaricom

Safaricom’s success year on year is the result of an obsession with its customers

The founders of Safaricom were an ambitious bunch. From an initial investment of only USD 25 Million and with only 17,000 not-so-happy customers inherited from Telkom Kenya 19years ago, the company has morphed into the largest & most profitable business in Eastern Africa - controlling half of the capitalization of the NSE at a whooping Sh1.14 trillion in value for shareholders. The telco’s market value is...
Women Enterprise Fund (WEF)

Inside WEF and Coca-Cola’s plan to empower women in Kenya.

Poverty in most developing nations has a female face. Kenya is no exception.  In a country where adding economic value involves muscle power, women – especially those living in lower-income settlements are bound to limited opportunities, under-representation in decision-making processes at all levels and are likely to earn less than their male counterparts at work. Related Story: A financial lift has...

INSIGHTS

MARKETS

The CMA penalized individuals and firms Sh113.4 million last year but...

East African Cables limited owned by TransCentury was fined by the CMA for operating with a negative working capital and put on a monthly...

Market turnover surges to Sh1.9billion during Tuesday trading

Daily market report: February 6, 2018 Equities Equities were boosted by the sale of Safaricom shares during Tuesday trading. The turnover surged Sh1.9billion from the previous...

BUSINESS AND MONEY

Safaricom

Safaricom moves to entice customers with a Lipa Na M-PESA promotion

Mobile titan Safaricom has announced an 8-week Lipa Na M-PESA promotion that will reward both buyers and sellers in 8 regions across...
Back to School

Parents complain of exploitation by rogue schools

As the back to school week kicks in, Parents across the country will be busy shopping for school items and personal effects ...

JOBS

Jobs: Postbank is hunting for a Human Resource Manager

Postbank is a leading Savings Bank, with a nationwide network and offering a wide range of financial services. Postbank is seeking to recruit a high...

Farm Health and Bio-metrics app earn Safricom awards

Investments in Jitambulishe, Digifarm, and M-TIBA, by Safaricom (SCOM), have earned Kenya’s biggest telco accolades at the just concluded East Africa Com Awards. Jitambulishe is...

Kenya Power to pump Sh1.63b to boost power supply in North...

Kenya Power has set aside Sh1.63 billion to finance various projects aimed at strengthening the distribution network in North Rift region, to provide adequate and reliable...

Seacom and Microsoft parter to boost cloud connectivity

Adoption of cloud computing is the new growth frontier for Kenyan businesses according to Pan African telecom enabler SEACOM. To explore the potential in this...

OTHER NEWS

City Shuttle has reached an out of court deal with Toyota...

Toyota  Kenya has reached a deal with City Shuttle to withdraw a case against the automakers Hino Buses. The consent dated August 14 seeks to remove...

Morocco’s hopes in the 2018 FIFA World Cup

Morocco's national team, commonly known as the Atlas Lions, is one of the giants of African football. They made their world cup bow in...

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