Fuliza will have beneficial impact on Mpesa Analysts
In January 2019, Safaricom unveiled the country’s first mobile-based overdraft facility branded – Fuliza. The service allows Mpesa users to transfer money and make payments when their Mpesa accounts have [...]
6 African Countries blacklisted by EU over weak rules on money laundering terrorism financing
The European Commission has blacklisted 23 nations having massive deficiencies in their regime on anti-money laundering and countering terrorist financing. Among them were six African countries Botswana, Ethiopia, Ghana, [...]
Kenya Airways Owns 20 Out of a Fleet of 40 Planes CEO
Kenya’s national airline owns 20 airplanes out of its entire fleet of 40 planes. The information has emerged in a letter from the Kenya Airways chief executive’s office to staff. [...]Unga Group Issues Profit Warning as Half Year Profit Drops 40%
Unga Group Plc. has issued a profit warning for this financial year even as profit for the six months ended 31stDecember 2018 fell 40% to Ksh 306.3 million. Revenue for [...]Co-op Bank South Sudan Employees Embark on Strike
Co-operative bank employees in South Sudan on Wednesday embarked on a strike demanding a 150 per cent pay rise and medical insurance. They are also demanding promotions, improved working conditions [...]Stanbic Full Year Net Profit Jumps 45.7% to Sh 6.2B
Stanbic Holdings net profit for the financial year 2018 is KSh6.277 billion, a 45.7 per cent rise from KSh4.309 billion earned in 2017. The bank’s balance sheet shows a 22.1 [...]US Authorities Investigate SAP Over Graft Allegations in Kenya and Tanzania
SAP SE is being investigated by the US authorities for allegedly engaging in graft by liasing with its services partner, Twenty Third Century Systems, to improperly win state contracts in [...]Forex Trading as a Business
What comes to your mind when you hear or think about forex trading? What makes you wake up every day to open the markets and initiate positions? Is it the [...]
Kenya issues 25-year Ksh50Bn Infrastructure Bond
The treasury through the Central Bank has issued a 25 year bond worth Ksh50 billion. The infrastructure bond is the first of its kind to be issued in 2019. It [...]Ogilvy Africa Names New Regional Creative Director
Ogilvy Africa has named Brett Wild as its new Regional Creative Director. He takes over from Joao Espirito Santo, who is moving back to Portugal for a new assignment. In [...]As Many as 60% of Kenyans Do Not Have a Written Will
A survey has shown that as many as 60 per cent of Kenyans lack a written will. It is the cause of most family disputes and uncertainty in wealth distribution [...]Improved internet infrastructure in rural areas to generate economic benefits
Part of Kenya’s vision 2030 goal is to become a knowledge based society. The country has seen significant growth in the use of internet, particularly in urban areas. The growth [...]
