Majority of Kenyan Banks Now Offer Mobile Banking Survey
According to this year’s edition of the Kenya Bankers Association (KBA) Customer Service Satisfaction Survey, use of mobile banking rose to 57 per cent in 2019 from 49 per cent [...]
KQ Ranked Last in OTP among Middle East Africa Airlines
The 2019 On-Time performance (OTP) review has ranked Kenya Airways (KQ) last among the ten carriers in the Middle East and Africa. The top three airlines with respect to arrival [...]Safaricom Becomes Amazon Web Services Reseller
Kenyan telco Safaricom says it has entered into a strategic agreement to become a reseller of Amazon Web Services (AWS). In a statement, the telco noted that the agreement is [...]NSSF to Increase Monthly Deductions from July
The National Social Security Fund (NSSF) is set to increase monthly deductions as from 1st July this year, in accordance with the stalled NSSF Act 2013 that is beginning to [...]Helios Invests KSh10 Billion in Acorn Holdings
Helios Investment Partners has announced a KSh10 billion equity investment in Acorn Holdings group, in addition to the initial KSh3 billion loans it had already offered Acorn. With this new [...]Portland Cement Reports KSh1.5 Billion HY Loss
East African Portland Cement has posted the unaudited results for the six month period ending December 31, 2019 as follows: • Revenue rose 8.1% y/y to KSh1.4 billion • Cost [...]
KAA Unveils New Parking Management System at JKIA
The Kenya Airports Authority (KAA) has announced operationalizing a new parking management system at the Jomo Kenyatta International Airport (JKIA). KAA says that the new system is in line with [...]Kenya Vulnerable to Financial Meltdown Moody’s
Kenya is among countries in Sub Sahara Africa that are prone to a financial meltdown, according to a report by Moody's. According to the rating agency, Kenya is on the [...]
Kenya Germany Launch a KSh4.3 Billion Empowerment Program
Kenya has partnered with Germany to launch a KSh4.3 billion program, which seeks to foster youth empowerment and enhance vocational training. According to the agreement, implementation of the program will [...]Nairobi County Functions Transferred to the National Government
Some functions of Nairobi County have been handed over to the National government in a deal signed at State House in the presence of President Uhuru Kenyatta, embattled Nairobi governor, [...]Kenol Kobil Proposed Merger with Gulf Energy Gets Approval
The Competition Authority of Kenya has approved the proposed acquisition of control of Gulf Energy Holdings Limited by KenoL Kobil PLC. A merged Kenol Kobil-Gulf Energy outfit will increase its [...]Carrefour Fined over Unfair Deals with Suppliers
The Competition Authority of Kenya has faulted supermarket chain, Carrefour, over unfair supplier deals that have continually led to unfair competition. The authority lists Carrefour's faults as: Forcing suppliers to [...]
