Internet Solutions introduces consumption-based bandwidth service

Internet Solutions has launched a consumption-based billing service that will now let enterprises pay for internet connectivity based on their monthly usage. Last month, the company announced that it was piloting the service to cater for the increased demand for bandwidth in the country.  Dubbed IS Open Network (ISON) by Internet Solutions, the service is […]

Continue Reading

Safaricom launches two base stations in Coast, Expands its FTH Connectivity In The Region

Safaricom has launched two base stations in the coastal region and expanded its Fiber-To-Home connectivity in the Coastal region. This brings the number of Safaricom’s base stations in the region to 586 with 80 new stations opened in the last six months. One of the stations, which is situated at Holili in Taita Taveta County […]

Continue Reading

Avic International, Education ministry partner to launch Season 5 of Africa Tech Challenge

AVIC International in partnership with the Ministry of Education today launched the 5th edition of the Africa Tech Challenge which aims to empower the youth in technical training institutions with practical skills. Unlike the previous contests, this year’s contest will also include contestants from countries such as Gabon, Zambia, Ivory Coast and Ghana with the […]

Continue Reading

Mobile calling rates are three times higher in developing countries than in developed countries.

Calling rates in developing countries are three times higher than in developed countries. According to the latest edition of the GSMA’s Mobile Economy report series, published at the GSMA ‘Mobile 360 – Africa’ event held in Kigali this week, this high spectrum pricing is the major roadblock to increasing mobile penetration in developing countries. The […]

Continue Reading

Rent prices increased by 3.3% in the second quarter after a year of price falls.

Rent prices in the country increased by 3.3 percent in the second quarter of this year as confidence is returning to the sector following the end of the political uncertainty that had gripped the country most of last year. HaasConsult says in a 2018 fourth-quarter report released recently that rent prices in Kitisuru led the […]

Continue Reading

Sh.960 Billion Transacted Through Mobile Money In The First Quarter Of 2018

Kenyans transacted over Sh 960 billion through mobile money in the first three months of this of this year. According to data from the Central Bank of Kenya, a total of Sh 322 .9 billion was transacted via mobile money in the month of January, Sh 300.8 billion in February and Sh 337.1 billion in […]

Continue Reading

Small businesses will be critical to South Africa in the 4th Industrial revolution

Small businesses will be critical to South Africa in the 4th industrial revolution while access to information will revolutionize education. This was highlighted at an insightful panel discussion in Midrand on Thursday (5 July).  The topic debated was: “Is South Africa Ready for the 4th Industrial Revolution?”  Panel speakers included Siemens Southern and Eastern Africa CEO Sabine Dall’Omo, CSIR […]

Continue Reading

Jumia launches free 3-month guarantee on products above KES.1,500

In a bid to enhance customer confidence in online shopping, online retailer Jumia Kenya has announced a free, 3-month guarantee on products valued above Kes 1,500 on the platform. The company will take direct responsibility for any unsatisfactory products, and offer customers an immediate replacement or refund. The Guarantee will cover products with Manufacturing Defects, […]

Continue Reading

Kenyans in diaspora sent home over Sh. 25 billion in the month of May

Kenyans in the diaspora remitted back to the country over 25 billion in the month of May. This is an increase of about 4 billion from the total remittance into the country in the month of April which stood at 21 billion shillings. According to data from the Central Bank of Kenya, Kenyans living in […]

Continue Reading

Business: Petrol, Diesel and Kerosene prices go up in ERC June fuel review

Motorists in Nairobi will for the next one month pay Ksh 108.81 per litter for super petrol up from Ksh 107.17 in the month of May. The price of Diesel which is normally used by PSV vehicles will retail at sh 103.60 per litter up from Ksh 96.64an increase of sh 6.96. Kerosene which is […]

Continue Reading

CBA Partners With AGF and ECAP To Launch Faster Payments Solution For Corporate Suppliers

Commercial Bank of Africa (CBA) in partnership with African Guarantee Fund for Small and Medium-sized Enterprises(AGF) and ECap a Nairobi – based fintech firm has today launched a solution that will see suppliers of corporate institutions, receive payments for goods and services offered, without having to wait for the stipulated credit period. Through this solution […]

Continue Reading

Ecobank named Africa’s Best and Most Innovative Retail Bank

Pan Africa bank Ecobank has been named best retail bank in Africa at a ceremony held in Busan South Korea. The bank won the awards after impressing judges with the strides it has made to leverage digital financial services and an enhanced service model, to be the retail bank of choice. Ecobank Mobile App, which […]

Continue Reading

Connected Summit 2018 to be held in October, big four top on agenda

ICT cabinet secretary Joe Mucheru yesterday officially unveiled the 2018 Connected Summit set to be held on 22nd October at the Bomas of Kenya. The summit that will be celebrating its tenth year is expected to bring together about 500 ICT thought experts under one roof and about 1000 local and international delegates for a […]

Continue Reading

Equity Bank records Shs.5.9 billion 2018 quarter profit

Equity Bank, Kenya biggest bank in terms of customers recorded a profit after tax of Shs 5.9 billion in the first quarter of 2018 up from Sh 4.9 billion over the same period in 2017 representing an increase of  22 percent. This is according the bank’s 2018 Q1 financials released yesterday. The Bank attributed the […]

Continue Reading

Safaricom Foundation Launches New Strategy To Bolster Health, Education And Economic Empowerment

Safaricom Foundation has today launched it’s 2018 -2021 strategy that will focus on three pillars, namely; health, education and economic empowerment. The pillars which are also part of the strategic  development goals of the United Nations with health being pillar no 3, education pillar number 4 and economic empowerment being number 8 on the (SDGs) […]

Continue Reading

WorldRemit, Lebara partner to connect new customers to its money transfer service to Africa

The battle for a share of the multibillion-dollar Diaspora remittances to Africa is set to intensify with after European mobile telecoms operator Lebara entered into a new partnership with WorldRemit. Under this partnership, WorldRemit will become the exclusive global money transfer partner of Lebara, including to transfers to over 40 African countries. The deal will […]

Continue Reading

It’s now possible to make your PayPal withdrawals via M-Pesa.

If you use PayPal to receive payments in Kenya then this is the best news for you today. Safaricom has announced a new partnership with the online payment service and TransferTo that will allow M-Pesa customers to send money or make purchases online via PayPal.   Previously, the withdrawals could only be made via Equity […]

Continue Reading

Cross network mobile money transfer to start next week on Tuesday

Mobile money users in the country will from next week Tuesday be able to send and receive money from across the different networks without extra charge. This follows the completion of the two-month interoperability pilot carried out between Safaricom and Airtel which started in January. In a statement, Safaricom, Airtel, and Telkom say the launch […]

Continue Reading

Ecobank’s upgraded mobile app attracts 3 million new customers

Pan African bank Ecobank has announced that its upgraded mobile app has attracted 3 million new customers in just 6 months since it was launched bringing the total number of customers using its mobile app to 4 million. The app builds on the core functionality that saw the original version applauded as a game changer […]

Continue Reading

Sony adds the α7 III to its “Full-frame Mirrorless” camera Line-up

Sony Middle East and Africa has introduced yet another impressive addition to their full frame mirrorless camera lineup, α7 III (model ILCE-7M3) into the Kenyan market. This comes a few months after the company launched its a9 model into the local market as it seeks to achieve a growth in its sales by 52 %. […]

Continue Reading

Mortgage lender HF Group records records a 77% profit decline, seeks growth through leveraging digital channels

Mortgage lender HF Group has today announced pretax profit of Shs 311 million for the year ending December 31st 2017 down from Shs 1.3 billion in 2016 representing a decline of 77%. The company had in January this year issued a warning regarding a possible decline in its profit for the period ending December 31st […]

Continue Reading

I&M Bank records 6% decline in profit after tax

Mid-tier Bank I&M has reported a 6 percent decline in its profit after tax after posting a profit of sh 9.9 billion for the year ending December 31st down sh 10.6 billion the previous year. The mid-tier lender attributed the drop in profits to the interest Capp laws and the prolonged election process in the […]

Continue Reading

Key highlights from the Jumia Mobile Week 2018 White paper

On March 15th, Africa’s leading online shopping platform Jumia released its Mobile Week 2018 white paper. The report noted that out of 420 million mobile phone subscribers in Africa, 100 million own a smartphone and this number is expected to double in the next two years. Jumia attributes the growth in mobile phone connections and […]

Continue Reading

Business: Air France resumes Paris-Nairobi route after 18 years.

French airline Air France has announced that it has launched 3 flights per week between Paris and Nairobi 18 years after it withdrew the flights from the route. Air France Senior Vice President Frank Legre says the new service is expected to help customers benefit from a streamlined travel experience between Europe and East Africa […]

Continue Reading

Equity bank records Ksh.18.9 billion profit after tax for the year 2017

Equity bank has reported a profit after tax of Kshs 18.9 billion for the year ending December 2017 up from Kshs 16.6 billion a year before, representing an increase of 14%. In a press briefing held today at the Bank’s headquarters in Upper Hill Nairobi, the bank attributed this growth in profit to increase in […]

Continue Reading

#JumiaMobileWeekKE: We’re giving out Ksh.10,000 worth of Jumia vouchers.

The 2018 Jumia mobile week is here and we have partnered with Jumia Kenya to give you some free Ksh.1,000 vouchers. Winning is simple and you can use the voucher to purchase anything from Jumia. Here is what you need to do: Use THIS LINK to purchase any device during the Jumia mobile week Take […]

Continue Reading

Business: Petrol prices drop as that of diesel and kerosene go up.

Motorists in Nairobi will from midnight today pay less for petrol as the price of super petrol has gone down by sh 0.46. Super petrol will from midnight retail at sh 107.46 per litre   down from the current price of sh 107.92 per litre. while the price of diesel which is mostly used by PSV […]

Continue Reading