Unbanking with Loop: The App that Offers Kenyans Hassle-Free Mobile Loans of Up to Sh 3M
The Commercial Bank of Africa’s (CBA) digital banking app Loop is now offering Kenyans loans as part of the new upgrade that boasts a set of additional features. Kenyans can [...]
Competition from Other Sectors Contributing to Low Uptake of Markets Products CMA
Increased competition from other sectors is one of the factors contributing to low uptake of capital markets products and services according to the Capital Markets Authority’s (CMA) recently released a [...]Kenya's Private Sector Activity Improved in June- Stanbic Index
Business conditions across the private sector improved in June according to survey data from the Stanbic Bank Purchasing Managers’ Index. The survey indicates that greater output requirements resulted in companies [...]Safaricom Unveils new network base station in Coast Fibre to home internet services
Safaricom Plc has launched two new base stations and expanded Fibre-To-Home connectivity in the Coast region as part of its broader strategy to expand its network infrastructure in the country. [...]Kenya based SunCulture closes investment round with EDF Group
Kenyan-based technology company in solar water pumps and irrigation solutions for small holder farmers ‘SunCulture’ has closed an investment round with the EDF Group, one of the world’s largest electric [...]KBA Launches Agriculture Financing Report to Trigger Increased Funding into the Sector
The Kenya Bankers Association (KBA) through its Centre for Research on Financial Markets and Policy has today launched the agriculture financing report which reviews public sector investments and commercial lending [...]Tullow Oil Stops Operations at Kenya's Oilfield On Account of Insecurity
Operations at Kenya’s oilfield in Turkana County have come to a standstill after residents’ protests disrupted the transportation of oil to Mombasa, said Tullow Oil’s chief executive yesterday. Tullow Oil [...]HF group banking subsidiary unveils digital banking solution ‘HF Whizz’
HFC, the banking and property finance subsidiary of HF Group has joined other financial institutions with the launch of their ‘HF Whizz’ mobile lending app. The revolutionary app aims to [...]Jumia breaks the Internet with Kshs 1000 ‘Heineken deal’
E-commerce retailer Jumia has reported to taking over the online market place with Heineken and Amstel 20 pack beer deals being sold out within minutes of going live each day. [...]New online retailer Hashmart offers quality products at affordable prices
A new online retail shop has entered the Kenyan market, heightening completion for customers in the growing virtual space market. Hashmart, which was started in 2017, is positioning itself to [...]
Regulators Warn Kenyans Against Unlicensed Online Financial Services Providers
A joint statement has been issued by the Central Bank of Kenya (CBK), the Capital Markets Authority (CMA), the Insurance Regulatory Authority (IRA), Sacco Societies Regulatory Authority (SASRA) and Retirement [...]Kenya Gvt to Appeal Suspension of New Tax on Bank Money Transfers
The Kenyan government is set to appeal the high court’s ruling to suspend the implementation of the excise duty introduced in the Finance Bill 2018 according to Treasury’s cabinet secretary [...]
