Mpesa Scheduled Maintenance Tonight
Safaricom has notified its customers that today 2nd July 2020, from 2359hrs to 0500hr, the Mpesa platform will undergo scheduled maintenance. In this regard, Safaricom customers will not be able [...]
Rita Kavashe Appointed to the Board of BAT Kenya
Rita Kavashe has been appointed as a non-executive director of the British American Tobacco Kenya effective July 2, 2020. Ms. Kavashe is currently the managing director of Isuzu East Africa [...]84% of Kenyan Consumers Face Financial Uncertainty -SCANAD
Marketers in the country face a new challenge on ways to target consumers, as realities of the pandemic usher different spending habits. A report by agency network SCANAD dubbed [...]
IFC, Citi Create $ 800 Million Fund to Boost Trade Finance
The International Finance Corporation (IFC), a member of the World Bank Group, and Citi Group have established an $800 Million fund to facilitate trade finance in emerging markets. The fund [...]
Regulator Cracks Whip on Errant Insurance Brokers
Errant insurance brokerage firms could be deregistered by the Insurance Regulatory Authority(IRA). The purge follows the failure by brokers to remit collected premiums to insurance firms and also settle commissions [...]Nation Media Group to Lay Off Staff
Nation Media Group(NMG) has announced plans to reduce its workforce, beginning tomorrow Friday, 3rd July 2020. This is as the giant media house seeks to digitize its operations and develop [...]LeapFrog Africa to Acquire 24% Stake in ICEA Lion
ICEA Lion Insurance Holdings has entered a partnership with LeapFrog Strategic Africa Investment (LSAI), which will see LSAI acquire 24% shareholding in ICEA Lion. An announcement from ICEA Holdings Chairman [...]Market Turnover Rises 34% to KSh 480 Million
NSE Turnover on Wednesday rose 34% to KSh 480 million compared to Tuesday's KSh 359 million. NSE Market capitalization stood at KSh 2.09 Trillion with Safaricom making up KSh 1.15 [...]NMG to Cut Jobs as it Digitizes
Nation Media Group(NMG) has announced plans to reduce its workforce as it seeks to digitize its operations so as to survive the negative effects of COVID-19 on the media industry. [...]KDIC Unveils Measures to Protect Depositors
The Kenya Deposit Insurance Corporation (KDIC) has unleashed a raft of measures that will minimize risk to customers' deposits in banks. Increased coverage limit The corporation has increased the coverage [...]Kenya Airways Announces More Job Cuts
Kenya Airways (KQ) has announced plans to lay off more workers, trainees in particular, a move that seeks to reduce the airline's expenditure on salaries in order to remain afloat [...]IFC, Shelter Afrique, Join Kenya Mortgage Refinance Company Board
The International Finance Corporation(IFC) and Shelter Afrique are the new board members of Kenya Mortgage Refinance Company(KMRC), a state-owned mortgage finance firm that also has private sector players. The two [...]
