NAIROBI, Kenya, Dec 8 – Eclectics International, a Kenyan owned Fintech company, has been commended for successfully developing and deploying a proprietary Shared Agency Banking Platform in Uganda, the first in Africa. A Shared Agency Banking Platform adopts an approach that allows several financial institutions to share agency banking infrastructure and technology to serve the […]
Safaricom’s Fuliza credit facility , KCB Bank and Britam Insurance are among the top preferred brands in Kenya in the third quarter of 2021. This is according to Ajua’s quarter 3 customer loyalty benchmark report. Ajua describes itself as Africa’s first Integrated Customer Experience company for businesses on the continent. The report, which is available […]
The Fuliza overdraft service transacts more than Sh1.2 billion daily. Safaricom’s overdraft facility, Fuliza, has taken less than three years to capture the digital lending market. But the telco’s climb to the pinnacle of the market segment has been anything but smooth. It started with M-Kesho—the ill-fated product launched by the mobile service provider in […]
Safaricom has announced that it is well on its way to achieve the 1 million trees milestone by the end of this year. The telco recently planted 10,000 additional trees in Kieni forest, adding to 10,000 trees planted at the forest on World Environment Day 2021. This brings the total planted area in the forest […]
Investors bought only 64 percent of the shares in the deeply discounted initial public offering (IPO) by MTN Uganda ( USE:MTN U ), a statement from the company showed late Friday. The telecom sought to raise Sh27.6 billion from the sale of 4.47 billion shares as part of the Uganda government’s push to spur local […]
On days like these, investors seek liquidity from several sources just to keep going. One of many sources is share-backed loans. In this scenario, an investor gets instant liquidity for taking care of immediate needs and other personal needs, all backed by his/her equity investment. Typically, a loan is offered by banks with a credit […]
Kenyan retail-tech startup MarketForce is expanding into five further markets and targeting one million merchants after securing a partnership with fintech company Cellulant. Co-founded in 2018 by Tesh Mbaabu and Mesongo Sibuti, MarketForce is a B2B retail marketplace that empowers informal merchants in Africa to source, order and pay for inventory digitally and conveniently, access […]
Co-operative Bank, Kimathi Street branch, Nairobi Workers tapped more than Sh44.12 billion salary advances from Co-operative Bank in nine months ending September this year. The huge appetite for overdrafts highlights the growing popularity of short-term borrowings. The lender disclosed that the advance borrowings, mostly to meet short-term needs such as buying food and paying bus […]
Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
It’s common for every Safaricom subscriber to be bothered by messages from the telco throughout the day. But today has had users receiving a notification that seems to be quite strange and now has people questioning its purpose. If you are among the numbers, you have most probably seen a feedback message asking you to […]
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