Samsung opens its largest retail store in Africa at Two Rivers Mall

Samsung Electronics has opened a new interactive store at Two Rivers Mall bringing to 29, the total number of Samsung Experience Stores across the country. The store is also the largest Samsung Experience Store in Africa and will offer new and existing customers an immersive tour of the firm’s mobile and consumer electronics product portfolio. […]

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CBA’s third economic forum discusses food security

Commercial Bank of Africa (CBA) yesterday hosted its third Economic Forum at Serena Hotel in Nairobi. The third Economic Forum focused on Food Security and Government policies geared towards Food Security, Trade and Employment. The quarterly CBA Economic Forum was launched early this year with the main objective of discussing key thematic issues regarding Kenya’s […]

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Safaricom Voice, Data, SMS Cost go up after recent taxes

Kenyans will from today start paying more for Safaricom voice calls and data. Safaricom in a statement sent out yesterday said this was as a result of the increased taxes passed in the Finance Act 2018. With this new review, Safaricom says its headline price for voice calls and data will now increase by 30 cents […]

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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 […]

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Posta eyeing new partnership with Amazon

Kenya’s postal service provider the Kenya Postal Corporation of Kenya is eyeing a deal with American e-commerce company Amazon that will see it become their official logistics partner in the country. According to a report published by The Business Daily, officials from Amazon are expected to visit Kenya between October 17-19 to discuss the partnership. Speaking […]

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Featured Image: Jumia MD, Sam Chappatte, PS, State Department of Trade, Dr. Chris Kiptoo (Ministry of Industrialization, Trade & Cooperatives) and Florence Kimata - SMEs Advisor - (Ministry of Industrialization, Trade & Cooperatives) addressing the media during the event. 

Jumia Black Friday sales event officially unveiled

Its that time of the year where every retailer hosts a Black Friday sales event. During this time retailers are always bringing their vendors together in preparation for this event and this is exactly what Jumia did on Thursday 11 when it hosted its Jumia Black Friday Vendor Event at Movenpick Hotel in Westlands. Jumia […]

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DHL Express awarded most Top Employer certifications on the continent

DHL Express has been awarded most Top Employer in Africa for the fifth consecutive year, at the prestigious Top Employer Africa 2019 certification ceremony, held at the Sandton Convention Centre in Johannesburg. Hennie Heymans, CEO, DHL Express Sub-Saharan Africa said that receiving this recognition from the Top Employers Institute for the fifth consecutive year is […]

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Cross-network money transfer between Safaricom and Telkom goes live

Cross-network mobile money transfer between Safaricom and Telkom went live in Kenya on Thursday.  This came as the country’s main telcos come together to roll out mobile money transfer interoperability that commenced in March this year. Yesterday, the operators announced that the service will finally go live for Safaricom and Telkom subscribers adding that mobile […]

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Jumia partners with Amadeus to launch first Flight Marketplace in Africa

Jumia Travel has partnered with Amadeus, a leading travel technology company to launch the first flight marketplace in Africa. The partnership is the base for a new flights marketplace on Jumia, which according to the company will be a step further towards making travel in Africa simple and affordable. The platform aims at enabling travel […]

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Safaricom introduces optional Internet Plus Package for its Home Fiber customers

Safaricom has introduced new packages for its Home Fiber customers. The company is calling it Internet Plus and is describing it as a converged service that will give customers access to Fiber, mobile data, voice minutes and unlimited SMS. Basically, this is an additional service that customers can subscribe to in addition to the existing […]

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LG Customer Connections for Great Experiences

Walk into any of the LG showrooms and you immediately feel the difference in the experience that makes this establishment one of your chosen few.  There is no doubt that the customer service they deliver is one you value and trust but most likely they make a strong emotional connection with you that you find […]

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Create A Logo In No Time Using LogoAi

Need a logo design right now for your online business? With the right tool, you can create a professional looking logo in just an hour. With its built-in artificial intelligence, LogoAi generates logo designs for you to select from. Simply enter your business name at the beginning. Once you’ve chosen a design, you can easily […]

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Safaricom Data Center attains Tier 3 Design Certification

Safaricom has received Tier III Design Certification from Uptime Institute for the Thika Data Center, thus joining elite data centers in the world to be certified by the leading Data Center Authority. The certification was achieved after a thorough forensic assessment of all aspects of Safaricom Data Center design by Uptime Institute experts’ team. “We […]

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Vodacom customers in Tanzania can now buy apps on Google Play Store using their airtime

Vodacom Tanzania customers can now pay for content on Google Play Store using their airtime balance. This after the operator signed a partnership deal with Google that will allow the customers to do so. The service which is available to all customers using Android devices integrates Google Play Store apps purchases with Vodacom Airtime mode […]

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Mastercard unveils Mastercard Track, a global trade platform for businesses

Mastercard has partnered with Microsoft to introduce Mastercard Track, a  global trade platform that will simplify and enhance how companies around the world do business with each other. While parts of the B2B process have been digitized, large and costly gaps still remain – an estimated $500 billion in annual administrative costs and rising. These costs are added to the inefficiency […]

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Hashmart, the new online retailer in town is betting big on electronics

You will agree with me that the internet has revolutionized how most of us shop. Because of the numerous advantages and benefits, more and more Kenyans these days prefer buying things online over the conventional method of going into stores on Luthuli or Moi Avenue. Kenya boasts of a number of these e-commerce sites; from […]

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Internet Solutions is pilots consumption-based bandwidth service in Kenya

Internet Solutions is in the process of piloting a consumption-based billing service for its connectivity business as the demand for bandwidth rises in the country. According to the company’s Managing Director Richard Hechle, increasing bandwidth demand in the enterprise space is being driven mostly by firm’s embracing cloud computing, cloud storage, and data centre virtualization. […]

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Solar Energy firm Fenix International now powering 30,000 Zambian households

Leading pay-go energy company Fenix International, has reached 30,000 Zambian households just 9 months after expanding into the country.  This rate of growth exceeds the company’s initial expectations and far outpaces the industry average, cementing Fenix’s place as a market leader within the off-grid solar sector. Fenix International is part of global utility ENGIE and […]

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Telkom Kenya has unveiled 200 new 4G sites in Nairobi

Telkom Kenya has unveiled 200 new 4G sites within Nairobi and its environs to cater for the growing demand for data. The new sites raise the total number of 4G sites owned by Telkom to 300 and is expected to enhance Telkom’s overall 4G coverage network within the city. According to the company’s, Chief Technology, and Information […]

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Logistics firm Bwala Africa closes Ksh 24 million debt financing

Kenyan logistic firm Bwala Africa Group has secured a  Ksh 24m debt financing from South African-based bank CFC Stanbic to meet the rising demand for last mile fleet connectivity. With the financing, Bwala Africa is rolling out 8 new trucks from ISUZU East Africa, four directly funded by CFC and the other 4 funded internally […]

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mkey, Finserve’s new keyboard app lets users save, borrow and connect with their friends

Finserve, an independent arm of Equity Group has launched mKey, a keyboard app that combines both financial social and lifestyle services. The keyboard app allows users to save, borrow money, connect with friends, and follow new trends. Finserve says the app is targeted at Kenya’s increasingly digital population and you can do a bunch of […]

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Safaricom’s new measures to curb SIM fraud

Over the last few months, Safaricom has been on the spot after a number of its subscribers complained about their SIM cards being swapped. The company raised alarm on this and 22 people including the telco’s staff were arrested and taken to court. Safaricom also urged its customers to liaise with it and the police […]

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Safaricom announces plans to unveil new data packages

Safaricom has announced plans to unveil new data packages. According to the company, this is in line with its customer needs who have recently been complaining that their data is being depleted too fast. To address these data complains, Safaricom says it will unveil ways of enabling customers to manage their data usage by choosing […]

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HF Group records Ksh12.6 million in half-year profits

HF Group has posted half-year period pre-tax profit of Ksh 12.6 million for the period ending June 30, 2018, compared to the Ksh 231 million the group recorded in 2017.    Total Interest income declined by 13.1% over the period under review to Ksh 3.194 billion down from Ksh 3.679billion recorded in 2017. Correspondingly, net […]

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Use of drones in the Shipping sector set to take-off

This year saw the first successful ocean rescue of two swimmers in rough seas in Australia by drone. A number of companies are developing drones for sea-based search and rescue operations, as well as drones that can identify and warn swimmers of sharks. But drones are also finding some interesting commercial applications. They are being […]

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HFC calling on local developers to help improve its HF Whizz app

HFC Group is calling on local developers to create complementary apps that would enhance its new HF Whizz app which was launched last month. The bank, which is a subsidiary of HF Group wants the developers to help create a new connected experience for the end user to deliver a tested interoperable solution. HFC Group […]

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M-Pesa puts Safaricom on Fortune Magazine’s 2018 Change the World List of Companies

Safaricom has been recognized in Fortune Magazine’s 2018 Change the World List of Companies for its efforts in tackling society challenges using M-Pesa. According to the magazine, Safaricom — with an estimated market value of $11,339 million (Sh1.13 trillion) — has used its M-PESA platform to impact millions of people’s lives. “It is indeed a […]

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Safaricom opens new retail shop in Busia

Safaricom has today opened a new retail shop in Busia. The new shop is an addition to the retail centers in the Greater Western region. The new Safaricom retail shop in Busia will cater for the high demand of Safaricom services in the region. According to Safaricom, it is expected to serve an estimated 400 […]

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DCI George Kinoti says efforts to fight SIM swap fraud on course

The Director of Criminal Investigations George Kinoti has assured the public that the fight against Sim Swap fraud is on course. The DCI was speaking during a mobile money fraud risk engagement forum, an initiative by Safaricom in partnership with the banking industry. He called upon all Kenyans to avail information that would help identify […]

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The NASCO 40-Inch LED TV is coming to Jumia

The NASCO 40-Inch LED TV With Integrated Decoder is coming to Jumia. NASCO might not a very common brand locally but very common in West African countries, especially in Ghana. Electroland Ghana Limited are the producers of NASCO appliances which include the NASCO television sets which will now be available on Jumia. We’re not sure […]

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CAK Gives US Firm Clearance To Buy 723 Telkom Kenya Towers

American Tower Corporation (ATC) has been given a go-ahead by Competition Authority of Kenya (CAK) to buy 723 Telkom Kenya towers. According to a report published by the Business Daily, the deal, the two firms expected to be completed in the first half of this year will give the American company a presence in the […]

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Visa partners with Branch to provide micro credit facilities to Visa merchants across Kenya.

Visa has announced a new partnership with international mobile financial services firm Branch to offer custom financing to Visa merchants across Kenya. The eligible merchants will be able to access loans of up to KES 30,000  which can be repaid within 6 months. The loans which will directly be disbursed to the Visa merchants’ phones […]

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Equity Bank lowers lending rates to 13 percent

Equity Bank has lowered the interest rate charged on loans to a maximum of 13 percent p. a with effect from Wednesday, 1 August 2018. This is in compliance with the Central Bank of Kenya guidelines to reflect the new Central Bank Rate (CBR) of 9 percent. This move comes a few days after CBK announced […]

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Telcos in Rwanda want government to allow them roll out cross-network mobile money transfer

Telcos in Rwanda are seeking approval from the relevant government body in the country to roll out mobile money interoperability.  The telcos, Airtel Rwanda, MTN, and Tigo Rwanda want to be given the go-ahead to roll out the cross-network mobile money transfer service which is already being implemented in Kenya. Approval for mobile money interoperability […]

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Betting industry emerging as a major player in the mobile money industry

Kenyans transacted over Kes.960 billion through mobile money in the first three months of 2018. This is according to data from the Central Bank of Kenya released in July. The increase in mobile money transactions according to the Central Bank was partly driven by mobile phones as many Kenyans continue to borrow loans through services […]

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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 […]

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CBA Loop Upgraded to offer loans of upto Kes.3 Million

Kenya’s largest privately owned bank Commercial Bank of Africa (CBA) has upgraded its CBA Loop app to offer highest mobile phone loans. According to a statement released by the bank yesterday, CBA customers will be able to access terms of up to Kes.3 million and overdraft of Kes. 100,000. This feature was not previously available […]

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Safaricom hit by major voice and data outage

Safaricom has today morning been hit by a major outage. Most subscribers countrywide have been cut off from internet connectivity in what the mobile operator says is due to a multiple fiber link cuts which has affected critical transmission equipment. The outage has also affected voice and SMS service, especially for users in Coast and […]

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Wix Answers will help to solve all your customer service concerns

Excellent customer service is very important for running a successful business. Gone are the days when organizations relied on phone-only support. These days, customers expect support to be fast and convenient and that’s why most organisations are now investing in customer service software. If you are a business owner looking for ways to maximize efficiency, […]

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PayPal is Blocking M-Pesa Linked Accounts Over Fraud

In April this year, Safaricom announced a new partnership with the online payment service and TransferTo to allow M-Pesa customers to send money or make purchases online via PayPal. I was one of the people who were so happy with this move. Previously, the withdrawals could only be made via Equity Bank which acted as […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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Branch raises Ksh.350 Million to expand its loan product offerings in Kenya

Mobile loans company Branch International has raised Sh350m to expand its loan product offerings in Kenya. The commercial paper issuance was arranged by Centum-owned capital-raising advisory firm, Barium Capital, marking the second time the San Francisco headquartered technology company has issued commercial paper in the Kenyan market. In 2017, Branch raised Sh200 million through a […]

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8 Common Mistakes That You Need to Avoid as a New Entrepreneur

Everyone makes mistakes and it goes without saying that a major part of establishing a startup business is all about committing errors and learning from them. However, learning from the mistakes entirely depends on the weight of the error and one cannot expect to come back from a mistake that is overly detrimental for the […]

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Own a Small Business? Here Are the Benefits of Branding to Reach Out to Your Customers

Businesses big or small need branding. Just because you have a small set up, do not assume that managing the same is easy. This is the reason why small business owners prioritize branding over everything else. In fact, a small company requires more exposure and visibility to reach out to their targeted audience. According to […]

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Quick Tips to Reduce Overhead Expenses of Your Business

Overhead expenses or inflation is a concerning thing for every business, and it does not matter whether your business is new or your company is well-established. When you start experiencing high inflation for your business, you should be alert to manage such situations with precision. To deal with your business overhead expenses, you need to […]

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Here are the new M-Pesa transaction charges effective July 1st 2018

You will now have to dig deeper into your pockets starting today, July 1 when sending money via M-Pesa. Safaricom has announced new charges for the money transfer service, of course, this comes after Treasury CS Henry Rotich during his budget reading announced that customers would now be charged 12 percent up from 10 percent of […]

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Kilimall 4th anniversary 2018 starts on 2nd July, lots of discounts and vouchers to give out.

If you’re planning to purchase anything then you might have to wait and take advantage of the upcoming Kilimall 4th Anniversary 2018. The company has announced that it will be celebrating its Kilimall 4th Anniversary 2018 from Monday, July 2nd to 15th 2018 during which it has organized exciting activities to engage and reward its […]

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Updated: Here’s a list of shops where you can buy the latest Nokia devices

You all have been asking where you can buy the latest Nokia devices apart from getting them on e-commerce site Jumia Kenya through our latest deals page here.. Well, I have tried coming up with a list of offline shops and Nokia retail stores where you can buy these devices, including the Nokia 3.1 which […]

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Alipay and WeChat Pay expanding to Kenya. What does this mean for M-Pesa?

China’s biggest Internet-based mobile messaging platform, WeChat has been planning to go international for a long time now. In fact, in 2013 it launched its operations in South Africa and later on in Nigeria. Reports had indicated that its next target market would be Kenya as is usually the case with most companies that come […]

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Safaricom’s “Maisha Ni M-PESA Tu” Campaign to reward M-Pesa customers and agents

Safaricom has today unveiled a ten-week loyalty promotion to reward its M-Pesa customers and agents. The promotion, dubbed “ Maisha Ni M-PESA Tu ’’ will see the telecommunication company reward customers every time they send and receive money, transfer money from a bank account to M-PESA and for all Lipa Na M-PESA transactions. The “ Maisha […]

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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 […]

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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 […]

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Safaricom, Kwesé iflix partner to bring World Cup streaming to smartphone users in Kenya

The FIFA World Cup 2018 start in six days. If you are football fanatic like me then you’re definitely looking forward to watching your favorite team play and winning in Russia.  You have so many options to watch the entire World Cup action including streaming or watching it on your local tv channel. Safaricom, however, […]

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Tanda Launches Out of Beta To Help Retailers Source Their Inventory & Offer Credit on the Go

Tanda, a Kenyan platform designed to make it easier to run a shop by allowing shop owners order and manage their inventory has launched after a four-month pilot with 200 kiosks spread across Kayole, Kawangware and Kariobangi. With an undisclosed seed round from White Rhino Ventures, Tanda is lau7nching out of beta after the four-month […]

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Fintech may have a more profound impact on financial services in Africa

Fintech may have a more profound impact on financial services in Africa than in Europe or the US. this is according to the more than international fintech pioneers who gathered at the Radisson Blu Gautrain, Johannesburg for the Finnovation South Africa 2018 summit. The fintech pioneers who included African digital pioneers, investors, policymakers, entrepreneurs and […]

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Fintech SandBox Policy to be Ready by July 2018, Says CMA Boss, Paul Muthaura

Regulation in the Blockchain and crypto space is inevitable and coming very soon. To enable this, Capital Markets Authority is setting up a sandbox and with it comes a sandbox policy. The Fintech Sandbox Policy aims to regulate how financial startups and innovators bring their products to the Kenyan market and is expected to be […]

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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 […]

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Browse more for less with Safaricom’s Tunukiwa Internet Offers

Just recently, Safaricom introduced a new data bundle which was actually some good news for people who spend most of their time online like me.  Dubbed Tunukiwa Internet, the offer is probably the best thing to ever happen to mobile data users especially those that are always on the move. Tunukiwa Internet offers you different packages […]

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Jumia to deliver fresh farm produce within four hours in Nairobi

E-commerce platform Jumia has partnered with various fresh produce suppliers in Nairobi to launch an online grocery store on its website. Dubbed ‘Jumia Fresh’ the new category announced yesterday will see customers shop for fresh vegetables, fruits and meat from Jumia and expect a delivery of up to four hours. “This is our way of […]

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Ecobank Wins Best Digital Strategy Award

Ecobank has been awarded the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise in Africa and […]

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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 […]

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Safaricom hits Ksh.55.3 billion in full-year profit as Collymore announces comeback

Safaricom net profit for the year ended March 2018 grew to Ksh.55.3 billion. This is according to the company’s financial year results released today representing a 14.3 percent growth of its full-year after-tax earnings.   During this same period, M-Pesa revenue increased by 14.2 percent to Ksh 62.9 billion while mobile data revenue also grew […]

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Safaricom launches ‘Safaricom Twaweza Live’ campaign

Safaricom has today unveiled a new campaign for its customers and communities around the country. Known as the ‘Safaricom Twaweza Live’ , the campaign will see the company engage with communities across the country through free medical camps, campus takeovers, device offers, talent searches activities, youth mentorship programmes and music concerts. The 7-month long campaign […]

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Jumia deliveries within Nairobi will now cost you Ksh.100

Jumia Kenya has announced that it has reduced the delivery fee for products within Nairobi from Ksh.250 down to Ksh.100. The move, according to the company is aimed at making it more cost-effective for customers to buy Frequently Manufactured Consumer Goods (FMCG’S) from the platform while at the same time enhancing customer satisfaction. “We hope […]

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World Bank Approves Ksh.18 billion to Support Kenya’s Energy Sector

The World Bank has today approved Ksh.18 billion to support the energy sector in Kenya. The loan guarantee will be used to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen). According to the the project will supports KenGen in raising up to $300 million in long-term commercial […]

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Why reporting and analysis is an important part of fleet management business.

In today’s society, technology has been changing at an unprecedented pace. When you consider that tablets sales are now about to overtake the combined sales of desktops and laptops, it becomes apparent. The logistics and retail industry, which includes fleet management, vehicle and asset tracking and much more has not been left out either in […]

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CMA Grants HFC License to provide custodial services

HFC, the banking subsidiary of HF Group, has received approval by the Capital Markets Authority (CMA) and Central Bank of Kenya (CBK) to provide custodial services to fund managers, brokers, investment banks, corporates, pension schemes and high net worth individuals, who are active investors either as agents or as principals. The license now positions HFC […]

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CBA hosts economic forum to unpack the big four agenda

The Commercial Bank of Africa (CBA) has launched a CBA Economic Forum series, which will provide top-mind analysis and thought leadership on thematic issues affecting businesses and the overall economy. The quarterly forums will target Chief Executive Officers, Chief Finance Officers and other key decision makers in corporate institutions. They will feature experts in various […]

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ASEA holds 7th edition of African Financial Market seminar

The 7th edition of the Building African Financial Markets (BAFM) seminar has kicked off today, April 19, 2018, at Villa Rosa Kempinski, Nairobi. The two-day event has been organised by African Securities Exchange Association (ASEA) and is being hosted by the Nairobi Stock Exchange (NSE). Themed ‘Adaptive innovation as a lever for the growth and sustainable […]

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SBM bank acquires 75% Chase Bank deposits and assets

SBM bank Kenya has officially acquired 75 percent of Chase Bank assets and deposits. This is after the Central Bank of Kenya and Kenya Deposit Insurance Corporation(KDIC) announced the signing of an agreement and conclusion of discussions that began early this year on how to revive the bank. In the agreement, the leader in financial […]

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M-PESA receives GSMA Mobile Money Certification for Operational Excellence

Safaricom’s M-PESA service has successfully passed the GSMA Mobile Money Certification, a global initiative that defines and promotes excellence in the provision of mobile money services. M-PESA becomes one of the first mobile money services to achieve this level of certification, cementing its position as a global leader in mobile money transfer and payments. M-PESA […]

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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 […]

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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 […]

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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 […]

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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 […]

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Jumia Food Kenya Bets on New App to Better User Experience

Online food delivery service provider Jumia Food has today announced the launch of a new mobile app which it says will revolutionize online food delivery in the country. The new app will further improve online  payment flow as well as the chat function; allowing customers to ask questions about Jumia Food restaurants to the customer […]

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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 […]

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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 […]

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Significant smartphone penetration and supportive government regulations driving global consumer telematics market growth.

The significant penetration of smartphones, lowered connectivity costs, high-speed internet technologies and supportive government regulations is driving the growth of the global consumer telematics market. This is according to a new Consumer Telematics Market – Growth, Trends, Forecast, Demand, Outlook Up to 2024 report by Transparency market research. The reports, also notes that the growing demand of big data […]

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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 […]

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Jumia: Demand for smartphones increases in Kenya, expected to double over the next 2 years.

Kenya is considered one of the leading markets for smartphones in Africa with connections rapidly growing in recent years and are expected to double over the next 2 years. This is according to the Jumia Mobile Week 2018 White paper released on Thursday.   The report also notes that the demand for smartphones in Kenya […]

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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 […]

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I&M Bank and Visa Partner for New Card Offering for its Premium clients.

I&M Bank has partnered with Visa Kenya to launch the I&M Bank Visa Infinite Credit Card and the I&M Visa Platinum Debit Card in Kenya for its Premium clients. Both cards have been developed with customer needs in mind and will complement I&M Bank’s efforts in enhancing customer centricity, dynamism, and innovation in line with […]

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African SMEs Set to Benefit from USD 74M Guarantee

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has today entered into a re- guarantee transaction with GuarantCo that will see African SMEs benefit from an amount of up to USD 74 million. GuarantCo will increase its guarantee capacity for SME financing to help AGF support larger local currency transactions for SMEs involved […]

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Digital credit scoring is paving the way to more affordable microloans in East Africa.

Fintech companies are using digital technology to score the creditworthiness of people in emerging markets, potentially enabling millions of people in East Africa to get access to affordable credit and financial services for the first time More than 2.5 billion people around the world – many of them in Africa – lack formal identification that […]

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Report: Kenya Makes Significant Progress in Sustainable-Finance Reforms.

Kenya is one of 34 countries that have introduced banking reforms to expand sustainable lending, making emerging markets a major force in driving development and fighting climate change. This is according to the first comprehensive Global Progress Report of the Sustainable Banking Network, an IFC-supported organization of banking regulators and associations. Those 34 countries account for […]

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Key Ways To Help Reduce Your Risk Of Bankruptcy In Business

By Gail Wilson. For small businesses, reaching their fifth year of operations may seem like a journey. Based on statistics, only 3% of business ventures make it to their fifth year. If you are a start up business owner, your dream is to operate longer than five years. You want your business to thrive and grow. […]

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Jubilee Insurance Launches three Mobile Apps for its Clients and Agents

Jubilee Insurance has launched three mobile apps to enable its customers and agents access self-service and e-commerce functionalities via their mobile phones. The three apps,  JubiAgent Medical, JubiAgent Motor and JubiCare Apps  were unveiled today at the company’s headquarters in Nairobi. The JubiAgent Medical and JubiAgent Motor Apps will enable agents to sell and service […]

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5 Reasons why Falling in Love with Android is Inevitable

The sun is shining, the birds are chirping and love is undoubtedly in the air. That could only mean one thing – Valentine’s Day! This got us thinking here at HMD Global, Home of Nokia phones, what do we love? Simple… Android! There hasn’t been a topic that separates a society as much as Android […]

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Jumia House, Al Burooj Real Estate partner host Real Estate Event in Kenya

Jumia House has partnered with Dubai based real estate company Al Burooj Real Estate to host a Real Estate Event aimed at promoting its latest development, The Bayz by Danube. Al Burooj Real Estate is an experienced real estate broker holding a wealthy portfolio of properties within the UAE. The company was established in 2008 and has been […]

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E-Commerce penetration in Kenya ramping up travel

Online buying and selling of goods and services, online transactions, high mobile penetration, fast connectivity, a digital savvy population and an increased consumer spending power are among factors increasingly fueling the penetration and growth of e-commerce in Kenya. One of the sectors consequently effected by this disruption is the travel industry, in part because of […]

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Key Tips On How To Help Prevent Business Litigation

By Monika Hall, Law Office of Ronald D. Weiss  Disclaimer: This article should not be treated as legal advice. It’s recommended that readers consult legal counsel and contact a lawyer should they have any concerns regarding business litigation. When we’re talking of businesses, we try to make sure that all processes involved in the business are in […]

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WhatsApp Business App is now available for download in Kenya

Businesses in Kenya can now download the new WhatsApp Business App. They app had been rolled out in select markets in January, but is now officially available for download to everyone. So what can businesses do with the new WhatsApp Business app? Well, small companies can set up their WhatsApp Business profiles by filling out […]

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Breaking: OLX is shutting down its operations in Kenya and Nigeria

Nobody probably saw this coming, but well, OLX is shutting down its operations in Kenya and Nigeria. According to a report published by Pulse, the Naspers owned e-commerce platform informed its staff in the two countries of the decision on Tuesday, with a notice of termination to beginning in March, with the management team will […]

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Jumia’s J-Force program creating jobs for young entrepreneurs

Juma Cheja, a Nairobi based business man is one of the sales agents who has benefited from Jumia’s J-Force program. Juma who has been in the program since October 2017 says he makes an average of Kes. 400,000 per month to supplement his income since he started the program. Juma is among the more than […]

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LG’s 2017 financial results record highest revenues in company history

LG Electronics has recorded a 10.9 percent revenue increase from the previous year 2016 to stand at USD 55.4 billion. The revenue is the highest full-year revenues in the company’s history The company also recorded USD 2.23billion in profit, the highest profits since 2009 – an 85 percent increase from 2016 due in large part […]