As Kenya binges on easy credit, public shaming follows A surge in digital lending has seen thousands of Kenyans swipe their way into debt (AFP/Simon MAINA) It only took Kenyan security guard Ambrose Kilonzo a few seconds and zero-collateral to secure a loan from a mobile app. But when he defaulted, lenders called his boss, […]
According to the Ericsson Mobility Report released recently, Saharan Africa will reach 70 million 5G subscriptions by 2026. The report features breakout statistics from Sub-Saharan African markets where around 15 percent of mobile subscriptions were for 4G at the end of 2020. Mobile Network Operators in Africa have been conducting trials to prepare for this […]
KCB Group CEO and MD Joshua Oigara interact with KCB Group Chairman Andrew Wambari Kairu and KCB Group Chief Finance Officer Lawrence Kimathi during the KCB Group half-year financial results announcement. KCB Bank recorded a growth of 131 per cent in net profits to Sh25.2 billion in the first nine months of 2021, following a […]
Kenya and Japan Governments alongside and Japan External Trade Organization (JETRO) are holding the Second Japan-Africa Public-Private Economic Forum in Nairobi as a business collaboration event that has rounded up people from the highest levels of the public and private sectors in Japan and Africa to discuss how all these sectors can work together to […]
Safaricom plans to lease and occupy an office building by the start of next year in Addis Ababa as a base for its Ethiopia operations. PHOTO | FILE | NMG Safaricom last month evacuated some of its employees from Ethiopia because of armed conflict and civil unrest. The war is threatening the stability of Ethiopia, […]
A consortium of 18 pension funds is seeking to invest up to Sh30 billion in public projects through the public-private partnership (PPP) model as members look to diversify their asset portfolio and raise returns for pension savers. The Kenya Pension Fund Investment Consortium (KEPFIC), whose members control about Sh300 billion in assets under management, said […]
An attendant makes an M-Pesa transaction for a customer at Samrat supermarket in Nyeri on February 12, 2019. PHOTO | JOSEPH KANYI | NMG Mobile cash transactions are on course for the highest annual growth in a decade, highlighting the economic recovery and the increasing use of cashless payments platforms. Central Bank of Kenya (CBK) […]
Safaricom #ticker:SCOM will wire Sh1 billion government funds to households in drought-stricken counties free of charge through its mobile money platform M-Pesa. The deal with the State Department of Public Service, Gender, Senior Citizen Affairs and Special Programmes will see more than 360,000 homes in the 23 arid and semi-arid lands (ASAL) counties receive Sh3,000 […]
Safaricom #ticker:SCOM plans to lease and occupy an office building by the start of next year in Addis Ababa as a base for its Ethiopia operations, an indication the telco remains bullish on its expansion plans despite the ongoing conflict that has threatened to disrupt its operations in the country. Safaricom said in tender documents […]
NCBA bank general managing director John Gachora during the Embu branch opening event at Embu town on Monday, December 6. NCBA bank has vowed not to change its existing customer relations with Kenyans listed on Kenyan Credit Reference Bureau. This is despite President Kenyatta’s directive to financial institutions to exclude Kenyans listed on CRB. NCBA […]
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