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Business / Page 2

30 April 2020

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Safaricom loses Sh1.9 billion due to ban on Betting

Written by on 30 April 2020

Mobile service provider Safaricom lost Sh1.9 billion in revenues after the government banned sports betting last year. This comes even as the company made Sh84 billion from M-Pesa in the 2019/2020 financial year. This is against another Sh600 million revenue loss due to a waiver of sending charges on transaction amounts of less than Sh1,000. […]

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21 April 2020

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List of mobile loan apps barred from using CRB services

Written by on 21 April 2020

Central Bank of Kenya Governor Patrick Njoroge has barred several mobile-based lenders from using the CRB(Credit Reference Bureaus), denying them a critical tool in assessing the creditworthiness of a potential borrower. Besides using unregulated mobile-based lenders in Kenya, CBK has also withdrawn the approvals granted to unregulated credit-only lenders as third party credit information providers […]

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9 April 2020

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Update on the COVID-19 for grain sector in East Africa

Written by on 9 April 2020

The novel COVID-19 pandemic continues to spread across East Africa with Malawi and South Sudan announcing their first cases of the disease within their borders. As the situation becomes more precarious, some new measures have been taken by governments which may impact the movement of people and goods. These measures include: REGIONAL COVID-19 RESPONSE Kenya […]

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2 April 2020

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Kenya receives Sh5.2 billion from World Bank to help fight coronavirus

Written by on 2 April 2020

Kenya is set to receive Sh5.2 billion credit from the World Bank Thursday to support the fight against Covid-19 as confirmed cases rose to hit 81. Health Secretary Mutahi Kagwe said that the credit facility will increase the government’s pool of funds to finance production of sanitisers, protective gear for medical personnel and scaling up […]

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2 April 2020

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Peter Ndegwa, first Kenyan CEO for Safaricom

Written by on 2 April 2020

Peter Ndegwa is set to take over as Chief Executive Officer at Safaricom. He is to succeed Bob Collymore, who died of cancer on July 1, 2019, making him the first Kenyan CEO to run the company. Ndegwa is taking over from founding CEO Michael Joseph, who has been holding the position in acting capacity […]

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27 June 2019

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Kenya Unveils New Controversial Notes

Written by on 27 June 2019

Photo Credits – Central Bank of Kenya  “All persons have until October 1, 2019, to exchange Ksh 1000 banknotes for the new generation bank notes, after which the older notes will cease to be legal tender” Said, Central Bank of Kenya Governor Patrick Njoroge. He later on informed that the monies are already in circulation. […]

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27 June 2019

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SAFARICOM INTRODUCES ‘REVERSE CALL’ FEATURE

Written by on 27 June 2019

On Tuesday 18th June 2019, Safaricom Chief Customer Officer, Sylvia Mulinge issued a press release, whereby the company announced the rollout of the ‘reverse call’ feature in that the caller will be able to make a request for the bill to be deducted from the recipient’s bill.

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27 June 2019

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Samsung Note 10 rumours

Written by on 27 June 2019

The Samsung Note line has over the years stood out from other Samsung smartphone product ever since it was unveiled back in 2011. Not only do you get to experience the big massive high-end software and hardware product but it’s also accompanied with an in-built stylus. The Galaxy Note 10 is one of the most […]

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