Impact of Rate Caps on Commercial Bank Lending to Private Sector
By Musyoka Muthui Global banking, both as a profession and as an ecosystem, changed materially post-2008 financial crisis leading up to the global economic travesty of 2009 and 2010. However, [...]
Safaricom's Head of Financial Services Ron Web Resigns, Company Cites Personal Reasons
Mr Ronn Webb, who has been the Director of Financial Services/M-Pesa at Safaricom for one year, has resigned for personal reasons, the Telco's CEO Bob Collymore has announced. His resignation [...]Ponzi; Safaricom Shuts Down M-Pesa Paybill Number For Public Likes
Safaricom has suspended the M-PESA PayBill number for a popular online ponzi scam Public likes' which claims to be a social media marketing company that pays its users by viewing advertisements. [...]More Creditors Emerge, they want Nakumatt Liquidated
Two creditors Gold Crown Beverages Kenya Ltd and African Cotton Industries have moved insolvency proceedings against Nakumatt Supermarkets at the Milimani High Court in Nairobi. Gold Crown Beverages says its seeks [...]Kenya Airways Implements New Booking System
Kenya's flag carrier, Kenya Airways says it has implemented the latest group booking technology from Sabre Corporation. The new approach to group bookings will see the airline use Sabre's AirVision [...]Egyptian Investment Bank EFG-Hermes Receives Licence to Start Kenya Operations
Cairo-based investment bank, EFG-Hermes Holding SAE has announced it has received approval from the Capital Markets Authority of Kenya to start operations in the country. EFG-Hermes, which is one of the [...]Ushahidi CEO Daudi Were fired over sexual harassment allegations
Ushahidi, a Kenyan non-profit software company says it has dismissed its Chief Executive Daudi Were following sexual harassment allegations raised by a former employee of the company, Angela Kabari. Following [...]Kenya Extends M-Akiba Mobile Bond Sale By Eight Weeks
Kenya's Ministry of Treasury has decided to extend the closing date of its mobile traded bond sale by eight weeks to 11 September from 21 July 2017. Retail investor response [...]Jack Ma's Mobile Payment Service Alipay to Launch in Kenya
Alipay, the online and mobile payment platform offered by Chinese e-commerce giant Alibaba plans to enter the Kenyan market according to the company's founder Executive Chairman Jack Ma. Ma made [...]Capital Economics raises concerns over accuracy of Kenya's official GDP figures
Is Kenya's GDP data turning a little too Chinese? Capital Economics, one of the world's leading economic research firms has said it has doubts about the accuracy of GDP figures released [...]Sinapis Awards Sh 1M to Top Entrepreneur in Business Plan Competition
Entrepreneur support firm Sinapis on Saturday, July 22nd 2017 held its 4th annual entrepreneur graduation ceremony and business plan competition, an event in which entrepreneurs who had completed the Sinapis mini-MBA program [...]M-Akiba Phase Two; Massive Undersubscription
Kenya's National Treasury last month launched the second offer of the M-Akiba Mobile Bond targeting to raise Sh 1.0 Billion, with a greenshoe option of a further Sh 3.85 Billion if [...]
