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Tuesday, January 19, 2021

Inside Safaricom’s new experience store

It's true that thriving businesses usually sell an experience alongside the products or services which they provide. On Wednesday, Safaricom’s boss Mr. Peter Ndegwa announced the opening of a newly refurbished ‘Technology Experience’ Store that customers will enjoy visiting and hanging out. This 10, 000sq feet retail store at Moi Avenue, Nairobi – that had been closed since August for renovations,...
mayfair

How Eqyptian lender saved Mayfair Bank from imminent collapse

Had Egypt’s Commercial International Bank (CIB) failed to acquire stake in local lender Mayfair, the bank would be staring at volatility as the COVID-19 storm unfolded. The Ksh.3.7 billion capital injection that followed the 51 per cent stake acquisition in April this year underscores the saving grace of mergers and acquisitions in the domestic banking scene. Read also
homeownership

Women driving new homeownership trends

Three in every ten new homeowners who walked into Stanbic Bank to buy their first mortgage were women. Kenya which is still paternalistic when it comes to who builds and owns a home is being swept by changes especially as houses become more than just homes, but high value appreciating assets. Read also: KCB and Equity race to...
KCB and Equity Bank

KCB and Equity race to a titanic Sh1 trillion Kenyan bank

Like a set of twins difficult to tell apart, KCB and Equity Bank have appeared almost the same to investors in the market. At the Nairobi Securities Exchange, where value is determined, one share of KCB is Sh37.8 and a share of Equity bank is Sh36. But like rival wives, the two of Kenya’s most competitive lenders grovel in rivalry, strategize...
Stanbic

Stanbic promises SME support during post-pandemic recovery

Lenders have begun shifting their operations to fit the new normal, pursuing elements that will see them deepen their role in stabilizing the country’s macro-economic environment following the hit from the COVID-19 pandemic. At the heart of the reconfigured role has been onwards lending particularly to small businesses which make up the bulk of enterprises in the country. On its part,...
Mobile

Safaricom takes profit hit on free M-PESA transactions

Safaricom has posted Kes 33.1 billion net profit after tax for the half year, a six per cent decline from Kes.35.6 billion last year on zero rating of M-Pesa transactions since March this year. Read also: KCB on the brink to become the first Kes 1 trillion local bank Mpesa revenue declined 14.5 per cent to Kes35.9 billion from kes42 billion...

INSIGHTS

MARKETS

How Equity Bank beat all lenders to post double digit profit...

Banks had warned that 2018 would be bad for them due to the much awaited IFRS9 which would require that they take their profits...

KCB profitability starts 2018 on a 14 percent high

With Sh418 billion loans the Kenya Commercial Bank was able to make a net profit of Sh5.18 billion by March this year a 14...

BUSINESS AND MONEY

Music

Live streaming is changing the local music scene for the better

When I fixed my father’s ‘National’ record player this year at Kenyatta market famed shop for old records I was hoping to...
mortgage

An appetite for home loans has seen mortgages increase

The value of home loans jumped 5.7 per cent to Sh237 billion reflecting an increased appetite for homeownership and lower rates on...

JOBS

Child Fund is looking for a Human Resource and Administration Director

Responsible for providing strategic direction and leadership to the human resources, procurement, information technology, and administrative functions of the national office.  QUALIFICATIONS/EXPERIENCE 10 years’ experience. ...

Africa’s mobile giants are teaming up with the United Nations to...

Twenty-nine years - That’s how long our fellow African brothers and sisters from about 19 nationalities have endured the furnace of hopelessness...

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 ...

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...

OTHER NEWS

Youth unemployment in Kenya is fast approaching a red line, but...

Since independence in 1963, young adults or the youth, who make up 75 percent of the Kenyan population continue to face a myriad of...

Lights out; lights on; counters cause price disruptions and threaten acquisitions

Return of Express Kenya onto the Nairobi Securities trading platform has raised questions about the fate of the takeover bid by CEO Hector Diniz Three...

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