Pesapal Goes Mobile with New Payments App
Pesapal has unveiled a new app that aggregates payments for essential and leisure services. The app, Pesapal Mobile, enables users to buy airtime, pay bills, book flights and holidays, purchase [...]
Kenya’s spending on development drops by 24%
A report by the Central Bank of Kenya shows that in the fiscal year that ended in June 2018, the government spent KSh1.32 trillion on salaries and other recurrent expenses, [...]
Strike by Airport staff grounds Flights at JKIA
Kenya Airways has advised passengers set to fly from the Jomo Kenyatta International Airport from 11am not to go to the airport following strike by aviation staff. The staff under [...]
China remains Kenya’s largest importer
China’s position as the leading importer into Kenya is firmly grounded. In 2018, the value of Chinese imports exceeded the value of imports from the entire African continent. In that [...]Govt to Compel Developers to Allot 30% of Houses to Affordable Housing Program
The Kenyan government is drafting a bill that will force developers to allot 30 per cent of houses they construct for the affordable housing project which seeks to deliver 500,000 [...]Barclays adopts new technology to clear cheques same day they are deposited
Barclays bank Kenya has notified its clients that it will start to clear Barclay's cheques on the same day they are presented as long as they are deposited before 4pm. [...]Insurers who Delay Settlement of Claims to be Penalized IRA
The Insurance Regulatory Authority has proposed a plan to penalize all insurers who delay settling of claims after 90 days when all the documentation have been filed. In its new [...]Sanlam Kenya records KSh 1.9 billion loss
Insurance and investments company, Sanlam Kenya has registered Ksh1.98 billion loss for the financial year 2018, compared to the previous year’s KSh 53 million profit. The huge loss is largely [...]Kenya's mobile industry rated 2nd most improved in Sub-Saharan Africa
The mobile industry is a major contributor to economic growth. In 2018, the sector contributed $3.9 trillion to the global economy equivalent to 4.6 percent of world GDP. The industry [...]Crypto-currency firm Velox 10 Global goes down with investors’ money
A company dealing in crypto-currencies has gone under with millions worth of Kenyans’ money. The firm operated by Brazilian national, Ricardo Rocha, began its operations in Kenya with much fanfare [...]NSSF Partners with M-PESA in Cashless Drive
Press Release; The National Social Security Fund (NSSF) has partnered with Safaricom as it embarks on a push to fully adopt cashless payments. Under the initiative, NSSF will implement an [...]Kenya Feb Inflation Rate Falls to 6 month low of 4.14%
Kenya ‘s inflation rates for February fell to 4.14 per cent from 4.70 per cent in January, Kenya National Bureau of Statistics has reported. It is the lowest inflation rate [...]
