BC-Kenyan-Bank-Stocks-Set-to-Drive-Market-Gains-EFG-Hermes-Says , Eric Ombok (Bloomberg) — Kenya’s biggest banks are the key to further gains for the benchmark Nairobi stock index this year as investors bet on the nation’s recovery from the pandemic, according to EFG Hermes Kenya. The Nairobi All Share Index has gained 16% in 2021 to the highest in more than three […]
Featured Image Credit: Techcrunch Good day, Today, I’m discussing: Smile Identity’s $7m Series A Kenya increases the cost of airtime MarketForce’s $2m pre-Series A Nigeria’s Federal Government to block MultiChoice accounts Smile Identity raises $7m Series A US-based identity verification and Know-Your-Customer (KYC) compliance tools startup for Africans, Smile Identity, has announced a $7m Series […]
Kenya’s leading telecoms operator Safaricom has adjusted the pricing of its products and services to reflect recent change to the taxation of telephone and internet data services. The changes which became effective on Wednesday will affect all out-of-bundle voice calls, data and SMS as well as integrated plans. Similarly, the changes will impact the pricing […]
Safaricom subscribers who borrow from the telecommunications firm’s overdraft service namely Fuliza will have to pay extra fees after the telco increased daily interest fees. Subscribers on Tuesday started receiving messages on their mobile phones notifying them of the increase. Safaricom said it had increased the interest rates after the 2021 Finance Act which came […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA About 250,000 Safaricom customers have taken up smartphones on credit that require daily repayments of as little as Sh20, boosting the telcos’s quest to ramp up data revenues. The telco says the phones were bought between July 28 last year and the end of March, […]
Late last week, Parliament passed the Finance Act 2021, which is an amendment to the Excise Duty Act 2015. This amendment has seen the excise duty on telephone and internet services revised from 15% to 20%. With the implementation of the Act, Telcos in Kenya have revised tariffs on their networks. Safaricom, Airtel and Telkom […]
NAIROBI, Kenya, Jul 1 – Women-owned businesses in Kenya face structural barriers that limit their ability to secure contracts with large companies for growth, according to an IFC study published today that recommends ways banks and large businesses can better support female entrepreneurs. Commissioned as part of IFC’s wider efforts to connect women entrepreneurs to […]
Treasury Cabinet Secretary Ukur Yatani outside Pariament Buildings on June 11. Eric Mugo, operates a food business in Westlands, his ‘kibanda’ (booth) serves many Kenyans in the busy area operating from 8am to 6pm. For daily operational capital, considering some clients eat on credit, he depends on mobile loans from Safaricom’s Fuliza to keep his […]
A man makes a phone call. FILE PHOTO | NMG Safaricom customers accumulated Sh5.7 billion worth of unused airtime, SMS and data in the year ended March after the telco removed expiry dates on its services. This marks a 24 percent jump from Sh4.6 billion worth of unused telecoms services purchased in the previous year. […]
Safaricom customers will now pay Sh4.87 per minute for calls made between 8am and 10pm after the telco announced a review of its prices to reflect the increase in excise duty on airtime and telephone services from 15 percent to 20 per cent. Callers will also pay Sh2.50 for calls made between 10pm and 8am […]
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