The Elusive Mortgage Market
According to data from the Central Bank from 2011 to 2016, the number of mortgages over the five years increased only by 112,107 cumulatively. This was way before the rate [...]
New Taxi App Launched in Kenya, Charges drivers only Sh 2000 a month
A new taxi hailing app dubbed ShareCab has been launched in Kenya to defy the established taxi-apps for their business. ShareCab has been launched at a time when drivers of [...]Norfund Backed Investment Firm Now Equity Bank's Largest Shareholder with 12% Stake
Arise B.V, a USD 660 million investment firm, is now the largest shareholder in Kenya based financial services conglomerate Equity Group with a 12% stake worth approximately Sh 18 Billion. Arise B.V, which [...]OLX new verified cars category to boost safety for car buyers
(Press Release) OLX has introduced a new car category, verified cars to boost safety of buyers looking for cars on their site. Cars in this category now have verified badges [...]Kenya's BitPesa secures Greycroft as lead investor, raises Sh 1.0 Billion in total funding
BitPesa, one of the first and largest blockchain payments platform for Africa, with offices in Nairobi, Lagos, and London, has announced Greycroft as its lead investor in a follow-up to [...]Review; Equity's Eazzy Banking App' Now Kenya's Most Downloaded Banking App
As big banks shed brick-and-mortar branches, it’s never been more important for financial services to reach consumers where they are: their smartphones. In the past three years alone, adoption of [...]M-Akiba Phase Two Undersubscribed By 75.2% Despite Deadline Extension
Despite extending the deadline for second issue by 52 days, the M-Akiba retail bond has failed to hit the target having achieved a subscription of 24.8% equivalent to Sh 247.8 [...]Kenya; Foreign reserves decline 0.1% w/w to USD 7.48B
The official foreign reserves declined 0.1% w/w to USD 7.48 Billion as the import cover remained largely unchanged at 4.97 month. Last week, the shilling weakened against the US Dollar [...]Rwanda's Largest Bank Appoints Kenyan CEO
Banque Populaire du Rwanda Ltd (BPR), Rwanda's largest bank by customer base and branch network has appointed Kenyan citizen Maurice Toroitich as the new Chief executive officer effective September 1, 2017. He [...]Safaricom backed taxi hailing app Little is launching in Nigeria
With the backing of Kenya’s telecoms giant Safaricom, taxi hailing app Little is set to commence operations in Nigeria’s tech capital city of Lagos come October. This means that the [...]Tony Tugee appointed to head SEACOM Business in Kenya
Pan African telecom enabler, SEACOM has strengthened its Kenyan leadership team by appointing seasoned telecoms executive, Tonny Tugee, to head its newly launched SEACOM Business in Kenya and its Service [...]Kenya Airways signs code share agreement with Oman Air
Kenya Airways has implemented a codeshare agreement with the national carrier of Sultanate. The new partnership will allow seamless connectivity to Kenya Airways customers in accessing Muscat directly from Nairobi. [...]
