fbpx

Kenya Power to enhance partnership with KAM to lower manufacturers’ energy costs

Kenya Power has renewed its commitment to partner with the Kenya Association of Manufacturers (KAM) to carry out regular energy audits among manufacturers to maximize production efficiency. The move is meant to encourage the growth of the manufacturing sector by lowering the cost of manufacturing which is expected to reduce …

 I&M Bank acquires Youjays Insurance Brokers

I&M Bank has acquired an insurance brokerage firm, Youjays Insurance Brokers, as it eyes to penetrate the insurance market. The middle tier lender said it made the acquisition through its wholly owned subsidiary, I&M Insurance Agency Limited (IMIAL) has announced the successful completion of acquisition of Youjays Insurance Brokers Limited …

Ecobank Kenya launches the Emerald Ecobank Business Club

Ecobank Kenya as launched the Emerald Ecobank Business Club as it races to widen opportunities for its Small and Medium Enterprises (SMEs) customers by creating direct linkages between businesses operation in 33 African Markets with over 12.8 million customers. Members of the club will also get access to direct networking platforms, …

Safaricom’s M-PESA awarded GSMA mobile money certification

Safaricom’s (NSE: SCOM) M-PESA service has today scored another feat after successfully passing the GSMA Mobile Money Certification, a global initiative that defines and promotes excellence in the provision of mobile money services. M-PESA met the criteria in eight areas of assessment, including: safeguarding of customer funds, service security, safeguarding …

M-PESA partners with Paypal

Kenyans can from today receive money from any PayPal account across the world directly into their M-PESA accounts in real time. The development comes after Safaricom and PayPal collaborated to enable PayPal customers in Kenya link their accounts to their M-PESA accounts. This allows them to withdraw their PayPal funds …

A piece of state mortgage company will cost you more than Sh10 million

If you have Sh10 million you can own the newest lender in town that will be backed by the World Bank and the government. The firm, Kenya Mortgage Refinance Company, will be owned 20 percent by the government with a minimum Sh10 million share capital commitment and will have a …

Munir Ahmed

From the corner office to jail

Former National Bank of Kenya bosses may land in jail after market regulator recommended that the Director of Public Prosecutions charge them in court. Former Head of Treasury Solomon Alubala was particularly caught with his hand in the cookie jar and has been fined a whopping Sh104 million one of …