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Countrywide M-Pesa outage hits Safaricom, Kenyans again

Digital banking key in boosting financial inclusion

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UNDP lauds Tanzania for execution of the Africa Mining Vision

African women rice farmers to benefit from ESABN project

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Safaricom to double 4G sites as net profit grows to $624.9 million
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DIY vs D4U: Shifting approaches to digital services in East Africa

Social enterprise Sistema.bio secures USD 12 Million to drive Kenya growth

Angel investors to fund women entrepreneurs in Uganda and Ethiopia

Sanlam Investments East Africa leads in pension fund management

Non-Tariff Barriers hindering EAC trade with Germany

Dutch impact investor DOB Equity invests in water provider Jibu Tanzania

Ugandan based motorcycle hailing SafeBoda gets German funding

Glovo now eyes bigger share of African market

How investors will benefit from Equity, Tellimer research insights on the region
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Global oil prices put pressure on Kenya’s economy

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Banning gambling in Africa: the consequences of sports betting on the continent

How cash transfers are proving more effective than traditional aid in Africa

Boost for Kenya’s Big 4 as World Bank extends US$250 million

New plan to grow Ford’s vehicle market in Kenya

Tell-Em PR appoints Joel Chacha as new General Manager

Kenya’s Chinese debt to hit USD9.8 billion as world meets in Beijing

Average age of an East African citizen
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Africa’s Stock Exchanges are integrating, but why?
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USD5.1 million SME loan kitty unveiled in Kenya

UAE smuggled ethanol impounded in Kenya

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Kenya-European Union foster stronger business, investment ties

DIY vs D4U: Shifting approaches to digital services in East Africa

Evaluating Kenya’s new digital economy blueprint

Kenya’s security market regulator moves to tame fraud

Social enterprise Sistema.bio secures USD 12 Million to drive Kenya growth

Boost for SMEs as Invest In Africa regenerates entrepreneurs’ platform
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Home Tag Central Bank of Kenya (CBK)

Tag: Central Bank of Kenya (CBK)

Invest In Africa (IIA) has rebranded its online platform — African Partner Pool (APP), in a renewed effort to enhance its support for small players grow their businesses. The APP platform will now be known as ‘Biashara.Now.’ The organization is using its online platform to link Micro, Small and Medium Enterprises (MSMEs) with procurement opportunities available in the private sector across value chains, promoting local content and business sustainability.

Boost for SMEs as Invest In Africa regenerates entrepreneurs’ platform

by Chacha Mwita

Invest In Africa (IIA), a Not-for-Profit SME focused entity, has rebranded its online platform—African Partner Pool (APP)—in a renewed effort ...

An M-Pesa transaction. The Communications Authority of Kenya (CA) says that 97 out of 100 Kenyans have mobile phones, transacting almost Sh2 Trillion in three months www.exchange.co.tz

Countrywide M-Pesa outage hits Safaricom, Kenyans again

by Njenga Hakeenah

Kenyans transacted over KShs1.9 trillion between April 1, 2018, and June 30, 2018.

Equity Bank continues to enhance its Small and Medium-sized Enterprises offering through its supreme banking branches, as the bank embraces new technology and ways of working to meet the retail customer needs. Currently, 96 per cent of transactions at Equity are being done on digital platforms, the lender has reported. This is in wake of a credit crunch in the private sector and individuals, occasioned by the capping of interest rates since September 2016.

How Equity’s digital shift has enhanced supreme banking for SMEs

by Chacha Mwita

Equity Bank says branches are making it easy for SMEs to access products that are right for them Equity Bank ...

The World Bank has approved a USD250 million International Bank for Reconstruction and Development (IBRD) loan to support housing projects in Kenya. The Kenya Affordable Housing Finance Project (KAHFP) will support the establishment and operationalization of the Kenya Mortgage Refinance Corporation (KMRC), a largely private sector-owned and non-deposit taking financial institution under the supervision of the Central Bank of Kenya.

Boost for Kenya’s Big 4 as World Bank extends US$250 million

by Chacha Mwita

The funds will support the Kenya Mortgage Refinance Corporation The World Bank has approved a USD250 million International Bank for Reconstruction ...

President Uhuru Kenyatta is committed to revive the country’s coffee industry if latest indicators are anything to go by. One of the biggest initiatives announced by the government is the rehabilitation of 500 pulping stations (factories) in 31 coffee-growing Counties across the country. Coffee farmers are also set to benefit a Cherry Advance Revolving Fund being set by the government.

How Kenya plans to revive ailing coffee industry

by Chacha Mwita

Farmers could soon start pocketing 80% of gross earnings from Coffee President Uhuru Kenyatta is committed to revive the country’s ...

A proliferation of mobile applications on popular online stores is exposing Kenyans to increased cyber attacks and fraud, a latest sector statistics report by the Communications Authority of Kenya (CA) has revealed. This comes in the wake of a fast growing mobile subscription in the country which grew 6.2 per cent in the second quarter of 2018(October-December). The report by the industry regulator covering 2018 shows a dramatic spike in malware attacks, targeting mobile devices and which has seen unsuspecting Kenyans defrauded in online platforms.

Fake Apps expose Kenyans to cyber fraud

by Chacha Mwita

Mobile subscription in the country grew 6.2 per cent in the second quarter of 2018 A proliferation of mobile applications ...

Webmasters, the IT firm behind Kenya’s eCitizen payment platform, says no cash has been lost in the platform amid fears that Sh5.6 billion (US$55.5 million) had disappeared.According to Webmasters Managing Director James Ayugi, all the cash collected using the platform is kept to the Central Bank of Kenya (CBK).

Kenya’s e-Citizen owner denies loss of billions

by Chacha Mwita

e-Citizen is a digital platform used by government to provide essential services Webmasters, the IT firm behind Kenya’s e-Citizen payment ...

Sidian Bank has received US$12 million capital injection from the Investment Fund for Developing Countries (IFU).The lender has inked a deal with the fund, a Danish Development Finance Institution (DFI) that will see the bank receive the funds as part of the broader initiative to grow the bank to Tier 2 status.The funds are expected to boost the bank’s regulatory capital ratios as it works towards achieving its strategic objective of becoming a Tier 2 bank by 2022.

Danish fund injects US$12million in Sidian Bank

by Chacha Mwita

IFU has the option to convert their investment into equity within the first three years Sidian Bank has received US$12 ...

KCB Group has posted a Sh24 billion (US$240.6 million) net profit for the 12 months ending December 2018, buoyed by stable revenues across funded and non-funded streams. This together with effective cost management measures drove up profitability from the Ksh19.7 billion(US$197.5 million )reported a year earlier(2017).

KCB net profit grows 22% to Ksh24 billion

by Chacha Mwita

Stable revenue streams and cost management drives profitability to new highs. KCB Group has posted a Sh24 billion (US$240.6 million) ...

Mobile money to keep Africa’s banking afloat

by Njenga Hakeenah

February 24, 2019

Motorists across Kenya can now conveniently pay their parking fees and charges using M-Pesa.

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