BUSINESS

News on Business trends in Kenya and Africa

Bolt Adds New Security Features on its App For Safer Rides

Bolt Adds New Security Features on its App For Safer Rides

On-demand transportation platform Bolt has announced some new security updates on its app.  The company has made some upgrades on…
Safaricom Launches Pochi La Biashara, a new M-PESA Product for Small Business Owners

Safaricom Launches Pochi La Biashara, a new M-PESA Product for Small Business Owners

Safaricom celebrated its 20th birthday yesterday with the company launching a new campaign. The company also launched a new product…
Telkom Revamps Pawa Voice Bundles with Data and SMS

Telkom Revamps Pawa Voice Bundles with Data and SMS

Telkom Kenya has revamped its Pawa voice bundles. The telco has sweetened the deal by including SMS and data packs.…
Safaricom Celebrates 20th Birthday, Launches New Campaign

Safaricom Celebrates 20th Birthday, Launches New Campaign

Kenya’s largest telco, Safaricom, is today celebrating its 20th birthday after officially being launched in the country on 23rd October…
Huawei’s Revenue on The Rise Despite Business Uncertainty

Huawei’s Revenue on The Rise Despite Business Uncertainty

Chinese tech company Huawei has announced its financial performance in the first three quarters of 2020. According to the company,…
Streaming Service Quibi Shuts Down Six Months After Launch

Streaming Service Quibi Shuts Down Six Months After Launch

The streaming market is booming as people continuously adopt online entertainment. Netflix has already recorded its best quarter yet this…
PayPal to allow Users to Buy, Hold, and Sell Cryptocurrencies on the Platform

PayPal to allow Users to Buy, Hold, and Sell Cryptocurrencies on the Platform

PayPal is finally joining the crypto market. On Wednesday, the company announced a new service that will allow users to…
Tips to be more responsive to your customers

Tips to be more responsive to your customers

If you are a service provider, customer responsiveness should be among your top priorities. This is basically the quality and…
Fifth Africa Fintech Summit to be held Virtually Starting November 9th

Fifth Africa Fintech Summit to be held Virtually Starting November 9th

Africa Fintech Summit (AFTS), the global initiative dedicated to the African fintech ecosystem, is hosted in Washington DC each April…
Samsung Smartphone Sales Rebound Reclaiming Top Spot – Report

Samsung Smartphone Sales Rebound Reclaiming Top Spot – Report

Samsung has surpassed Huawei to become the top smartphone seller between July and August. The latest data from Counterpoint’s Monthly…
Buy These Telkom Bundles and Get Showmax Pro Mobile Free for One Month

Buy These Telkom Bundles and Get Showmax Pro Mobile Free for One Month

Telkom has announced a partnership with Showmax Pro Mobile, offering new data bundles coupled with a free one-month subscription for…
Uber Starts Over-the-Counter Medicine Deliveries in South Africa

Uber Starts Over-the-Counter Medicine Deliveries in South Africa

Uber owns the lion’s share in South Africa’s $600 million food delivery market, but the company has widened its services…
Safaricom Processes an average of six Loans Per Second on Fuliza

Safaricom Processes an average of six Loans Per Second on Fuliza

Safaricom ’s overdraft facility, Fuliza, was launched in 2019 but now processes an average of six transactions per second. In…
Bolt launches initiative to celebrates heroes helping fight Coronavirus

Bolt launches initiative to celebrates heroes helping fight Coronavirus

On-demand transportation platform Bolt is celebrating extraordinary heroes who have been on the frontlines day in and day out in…
Nairobi is the leading African city for online food delivery, report

Nairobi is the leading African city for online food delivery, report

Nairobi is the leading city across Africa for online food delivery, followed by Casablanca (Morocco), Lagos (Nigeria) Kampala (Uganda) and…
Huawei Considers to Sell Part of its Honor Smartphone Business – Report

Huawei Considers to Sell Part of its Honor Smartphone Business – Report

Huawei is reportedly in talks to sell part of its Honor smartphone business amid the US ban. According to the…
CBK Blocks over 300 Mobile Lenders from Listing Defaulters at CRBs

CBK Blocks over 300 Mobile Lenders from Listing Defaulters at CRBs

The Central Bank of Kenya (CBK) has barred over 337 unregulated digital and credit-only lenders from listing loan defaulters at…
Over 55Pc of Kenyans with Fixed Internet Pay for Speeds Between 2-10Mbps

Over 55Pc of Kenyans with Fixed Internet Pay for Speeds Between 2-10Mbps

The number of mobile data subscribers has just surpassed the 40 million mark while the fixed broadband market has also…
Safaricom Reclaims Top Spot in the Fixed Broadband Market

Safaricom Reclaims Top Spot in the Fixed Broadband Market

Back in Q1, Zuku surpassed Safaricom to top the country’s fixed data subscription market. But the reign didn’t last. As…
Here’s How Much Kenyan Telcos Made from Mobile Services in 2019

Here’s How Much Kenyan Telcos Made from Mobile Services in 2019

The latest data from the ICT watchdog, the Communications Authority of Kenya(CA), shows how much revenue the telco sector made…
Kenyans Sent Nearly 450 Billion to Businesses in Three Months

Kenyans Sent Nearly 450 Billion to Businesses in Three Months

Kenyans sent a lot more money to businesses in the April-June quarter, owing to the government directive urging them to…
Mobile Subscriptions in Kenya Rise to 57 Million

Mobile Subscriptions in Kenya Rise to 57 Million

The Communication Authority of Kenya, CA, has released the latest Sector Statistics report giving an overview of the general performance…
Airtel Inks Deal with Ericsson to modernize its 4G network in Kenya

Airtel Inks Deal with Ericsson to modernize its 4G network in Kenya

Airtel Africa is extending its strategic partnership with Ericsson to enhance its 4G network coverage in Kenya. As a result,…
Jumia Partners with Mondia to launch a new gaming service for customers in Africa

Jumia Partners with Mondia to launch a new gaming service for customers in Africa

Africa’s eCommerce giant, Jumia, has partnered with Mondia (https://Mondia.com), a technology company specializing in marketing and distributing digital content to…
Showmax Adds Five Local TV Channels on its Platform

Showmax Adds Five Local TV Channels on its Platform

Showmax, Multichoice’s streaming service, has bolstered its product offerings since the year started. With the introduction of Showmax Pro, Kenyans…
MTN, Airtel and Stanbic Bank Uganda Lose Billions of Shillings to a Third-party Service Provider Hack

MTN, Airtel and Stanbic Bank Uganda Lose Billions of Shillings to a Third-party Service Provider Hack

Hackers have broken into Uganda’s Pegasus Technologies, making away with cash in the billions. Pegasus Technologies touts itself as a…
Fraud in the banking industry: What are banks doing about it?

Fraud in the banking industry: What are banks doing about it?

Chances are you have at least received a call once or twice from people claiming to be representatives from your…
Airtel Customers Will Soon Acquire Samsung Smartphones Under Flexible Financing Plans

Airtel Customers Will Soon Acquire Samsung Smartphones Under Flexible Financing Plans

Airtel Africa has partnered with South Korean device maker, Samsung, and Mastercard to provide customers will smartphones on flexible payment…
Equity Announces a $100 Partnership With Proparco to Support 240 Local MSMEs

Equity Announces a $100 Partnership With Proparco to Support 240 Local MSMEs

Equity Group has announced a $100 partnership with Proparco, a French Development Finance Institution to support Micro, Small, and Medium…
Ngao Credit opens new branch in Thika town

Ngao Credit opens new branch in Thika town

Financial services provider Ngao Credit has opened a new branch in Thika town. The new branch will serve the entire…
Google to pay news publishers for their content

Google to pay news publishers for their content

Google has made its first serious attempt in compensating publishers for their hard work. In a recent blog post, Google…
Mabati Rolling Mills launches SAFBUILD Manufacturing Plant in Athi River

Mabati Rolling Mills launches SAFBUILD Manufacturing Plant in Athi River

Mabati Rolling Mills Limited (MRM), a Member of the Safal Group has launched the SAFBUILD Manufacturing Plant at its Athi…
Banks to start blacklisting loan defaulters at CRBs after CBK’s Nod

Banks to start blacklisting loan defaulters at CRBs after CBK’s Nod

Since Kenya reported the first case of Covid-19 in March, several measures were hastily put in place to cushion citizens…
Safaricom and NCBA Differ on Lowering M-Shwari Interest Rates

Safaricom and NCBA Differ on Lowering M-Shwari Interest Rates

Amid pressure to cub predatory mobile lending platforms from the regulator, Safaricom and its partner NCBA have differed on cutting…
Jumia Food Festival campaign to support local restaurants

Jumia Food Festival campaign to support local restaurants

Jumia has announced the launch of a Food Festival Campaign to raise awareness of the difficulties the restaurant industry has…
PayPal Deposits and Withdrawals Services via M-PESA to be Briefly Unavailable on Monday

PayPal Deposits and Withdrawals Services via M-PESA to be Briefly Unavailable on Monday

Safaricom’s M-PESA and PayPal ‘s team are planning service maintenance on the 5th of October, next Monday. The service maintenance…
Jumia partners with Airtel Kenya for mobile payments

Jumia partners with Airtel Kenya for mobile payments

Jumia has announced a new partnership with Airtel Kenya that will see consumers complete their online payment transactions using Airtel Money.…
StarTimes GO extends up to 50% discount on products

StarTimes GO extends up to 50% discount on products

Integrated e-shopping platform StarTimes GO, is set to roll out Crazy Friday, a day’s campaign that will see Kenyans access…
Huawei, Kenya Bankers Association Partner to Drive Financial Inclusion

Huawei, Kenya Bankers Association Partner to Drive Financial Inclusion

Huawei Kenya and the Kenya Bankers Association (KBA) have announced a new partnership that seeks to deepen financial inclusion in…
How to import a car in Kenya

How to import a car in Kenya

If you’re planning to buy a car, chances are you’re really considering importing it. While some people prefer getting their…
Jumia launches Brands Festival Campaign to make quality products more affordable

Jumia launches Brands Festival Campaign to make quality products more affordable

Jumia Kenya has launched Brand Festival, a new campaign to make quality products more affordable for its customers. The e-commerce…
StarTimes adds WarnerMedia’s TNT to its Content List

StarTimes adds WarnerMedia’s TNT to its Content List

Leading media and Entertainment Company, WarnerMedia, has expanded its entertainment offering in Kenya by introducing its Hollywood blockbuster channel, TNT, on…
Safaricom Named in Fortune’s 2020 “Change the World List”

Safaricom Named in Fortune’s 2020 “Change the World List”

FORTUNE has released its Sixth Annual “Change the World List,” which names the most impactful companies through their operations in…
Buy any Amazing Data Bundle on Airtel Kenya and Get Free 500MB Daily Data

Buy any Amazing Data Bundle on Airtel Kenya and Get Free 500MB Daily Data

Airtel Kenya is continuing its cheap data legacy, offering free data on every purchase of their Amazing Data bundle packages.…
Itel Announces New Slogan to match its new brand direction

Itel Announces New Slogan to match its new brand direction

Itel Mobile Kenya has announced their new slogan “Enjoy Better Life!” marking a new path for the brand that has…
HP Confirms it’s NOT Leaving the Kenyan Market

HP Confirms it’s NOT Leaving the Kenyan Market

HP has confirmed that it is not leaving the Kenyan and East African market. The maker of hardware products says…
Lipa Na M-PESA Boasts Over 200,000 Business Customers

Lipa Na M-PESA Boasts Over 200,000 Business Customers

Safaricom’s Lipa Na M-PESA service now houses over 200,000 businesses since its launch in 2012. Its primary focus is to…
Hewlett Packard East Africa Exits Market, shuts down Nairobi shop

Hewlett Packard East Africa Exits Market, shuts down Nairobi shop

Hewlett Packard East Africa Ltd, HPE, a subsidiary to giant American technology firm Hewlett Packard Enterprise, and provider of an…
Airtel, Safaricom and Telkom Kenya will be fined for delaying Customer Care Calls

Airtel, Safaricom and Telkom Kenya will be fined for delaying Customer Care Calls

Kenyan telecommunications providers, like Safaricom and Airtel, will face fines for delaying customer care calls, according to a new draft…
Zuku has launched a new 500Mbps package ‘ Fastest Internet Speed in Kenya’

Zuku has launched a new 500Mbps package ‘ Fastest Internet Speed in Kenya’

Wanachi-owned Zuku has announced what it claims is the fastest internet speeds package in Kenya at 500Mbps.  This new package…
M-PESA is Now Available via USSD by Dialing *334#

M-PESA is Now Available via USSD by Dialing *334#

Safaricom has rolled out a new USSD for accessing M-Pesa services. By dialing *334#, M-Pesa customers will now be able…
Zoho Workplace platform new updates bring Business Context to Productivity Apps

Zoho Workplace platform new updates bring Business Context to Productivity Apps

Zoho Corporation, a software-as-a-service (SaaS) firm has announced some major updates to its Zoho Workplace single software platform. The platform…
All Uber Vehicles to be Electric by 2040, Company says

All Uber Vehicles to be Electric by 2040, Company says

Uber ‘s global ride-hailing business will only use electric vehicles by 2040. In a recent announcement, the company also pledged…
Kenyans Splash KES 8.01 Billion on Gadgets During Pandemic-induced Lockdown

Kenyans Splash KES 8.01 Billion on Gadgets During Pandemic-induced Lockdown

Kenyans have spent a whopping KES 8.01 billion on gadgets in the covid-19 induced lockdown. Data from the Kenya National…
African banks must embrace mobile payments to unlock new business prospects

African banks must embrace mobile payments to unlock new business prospects

African banks must provide mobile payments and other digital services to remain competitive as well as to unlock new business…
StarTimes grows its e-shopping platform product range

StarTimes grows its e-shopping platform product range

Pay Television Company StarTimes Kenya has introduced additional consumer products on its integrated e-shopping platform StarTimes GO. StarTimes GO which…
[Kenya] Manufactures Urged To Go Digital To Survive COVID-19 Pandemic

[Kenya] Manufactures Urged To Go Digital To Survive COVID-19 Pandemic

Kenyan manufacturers have been urged to embrace and adopt emerging technologies during this Covid- 19 Pandemic to remain in business…
East African SMEs accelerate their growth with cloud deployments

East African SMEs accelerate their growth with cloud deployments

SMEs in the East African region are using digital transformation initiatives to increase their competitiveness and ensure they are set…
Get up to 70% import financing on the value of your car

Get up to 70% import financing on the value of your car

If you’re thinking of buying a car, chances are you might be considering import financing. Import financing has the advantage…
Telkom Kenya Calls on Market Regulator to Ensure Sector Fairness

Telkom Kenya Calls on Market Regulator to Ensure Sector Fairness

Telkom Kenya is calling upon industry regulator, the Communications Authority of Kenya, to ensure a level playing field in the…
Ecobank wins Innovation in Financial Services award at African Banker 2020 Awards

Ecobank wins Innovation in Financial Services award at African Banker 2020 Awards

Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine…
Telkom Kenya Restructuring its Business after Merger Fallout With Airtel

Telkom Kenya Restructuring its Business after Merger Fallout With Airtel

Telkom Kenya is restructuring its business after the unexpected fallout of its merger plans with Airtel Kenya. Announcing the company’s…
Glovo Reports Increased Grocery Deliveries in Kenya

Glovo Reports Increased Grocery Deliveries in Kenya

Glovo has reported an increase in deliveries in the country since the first case of covid-19 was registered in Kenya.…
Jambojet customers to pay for flight tickets using Bonga Points

Jambojet customers to pay for flight tickets using Bonga Points

Safaricom users have yet another thing to smile about because they can now use their Bonga Points to pay for…
Safaricom Offers Customers ‘Free 500MB’ through ‘Browse Bila Waas’ Campaign

Safaricom Offers Customers ‘Free 500MB’ through ‘Browse Bila Waas’ Campaign

Safaricom is offering free 500MB to its customers in a newly announced promotion called ‘Browse Bila Waas’. The product offers…
Equity Bank Rolls-out Universal Number for All Outgoing Calls to Customers and Stakeholders

Equity Bank Rolls-out Universal Number for All Outgoing Calls to Customers and Stakeholders

Equity is saving its customers a headache by rolling out a universal number for all outgoing calls. From now henceforth,…
Airtel Africa Strikes a Global Cash Transfers Deal with MoneyGram

Airtel Africa Strikes a Global Cash Transfers Deal with MoneyGram

Airtel Africa has partnered with MoneyGram, the US money transfer company. Through the deal, Airtel Money customers will be able…
Asset Finance and how it can help you grow your business

Asset Finance and how it can help you grow your business

Ngao Credit Asset Finance: Running a business during this COVID-19 pandemic is not smooth running. As the effects of the…
[Somalia] Sombank to Implement Temenos banking platform in the cloud

[Somalia] Sombank to Implement Temenos banking platform in the cloud

Sombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the cloud to accelerate…
Airtel Money Customers Will Soon Deposit and Withdraw Cash Online via Standard Chartered Bank

Airtel Money Customers Will Soon Deposit and Withdraw Cash Online via Standard Chartered Bank

Airtel Money customers will now be able to make deposits and withdrawals via Standard Chartered bank, thanks to the recent…
Equity Completes KSh.10.2 billion Acquisition of majority stake in Congolese Bank

Equity Completes KSh.10.2 billion Acquisition of majority stake in Congolese Bank

Equity Group has completed its acquisition of 66.53% stake in the Banque Commerciale Du Congo (BCDC) at a cost of…
Huawei Forced to Halt Production of its High-end Kirin Smartphones Chips Due to U.S Sanctions

Huawei Forced to Halt Production of its High-end Kirin Smartphones Chips Due to U.S Sanctions

Chinese tech giant, Huawei, is in limbo in the production of its own high-end Kirin smartphone chips. US sanctions imposed…
Toshiba Officially Exits the Laptop Business

Toshiba Officially Exits the Laptop Business

Toshiba is officially quitting the laptop business for good. The company originally sold the majority of its stake two years…
Telkom and Airtel Kenya Merger Talks Mutually Dropped

Telkom and Airtel Kenya Merger Talks Mutually Dropped

Telkom Kenya and Airtel Kenya have consensually halted their merger talks. The two announced that the mutual pullout was due…
Global Tablet PC Sales Rise as Consumers Scramble for Big Screen Devices

Global Tablet PC Sales Rise as Consumers Scramble for Big Screen Devices

The effects of the ongoing pandemic have been felt throughout many industries and in the technology sector, some categories have…
Kenya Won’t Stop Huawei from Taking Part in Construction of the Country’s 5G Network

Kenya Won’t Stop Huawei from Taking Part in Construction of the Country’s 5G Network

Kenya won’t cede to US pressure to ban Huawei from taking part in its fifth-generation network, 5G. Speaking about the…
Hotpoint Opens its Largest Outlet In East Africa At Sarit

Hotpoint Opens its Largest Outlet In East Africa At Sarit

Hotpoint Appliances Ltd has today opened its new and revamped flagship outlet at Sarit Centre. This according to the premier…
Microsoft Continues Talks on Potential TikTok Purchase in the United States

Microsoft Continues Talks on Potential TikTok Purchase in the United States

In a move to save TikTok from a potential ban in the United States, Microsoft is considering to buy the…
Kenya Airways Resumes International Passenger Flights

Kenya Airways Resumes International Passenger Flights

Kenya Airways (KQ) today resumed international passenger flights following the easing of movement restrictions as directed by H.E President Uhuru…
NCBA Loop has become a complete mess

NCBA Loop has become a complete mess

We need an NCBA Loop alternative, we need it now. Loop has become a mess, a complete mess.  CBA launched…
Apple Shipped 45 million iPhones Globally in Q2, 2020

Apple Shipped 45 million iPhones Globally in Q2, 2020

Apple shipped a total of 45.1 million iPhones in the April to June quarter, says Canalys. The iPhone maker had…
Huawei Tops the Global Smartphone Market

Huawei Tops the Global Smartphone Market

Huawei has had ambitions to become the number one smartphone seller in the world for some years. And in Q2…
Samsung Reports “Weaker” Smartphone Sales in Q2

Samsung Reports “Weaker” Smartphone Sales in Q2

Samsung has earlier today released its Q2 2020 earnings report showcasing the performance of various arms of its business. The…
Africa’s online commerce platform DPO Group is being acquired by Network International

Africa’s online commerce platform DPO Group is being acquired by Network International

DPO Group (DPO), one of the leading, high-growth online commerce platforms in Africa has announced that it is being acquired…
Digital Lenders Oppose CBK’s Plans to Regulate Mobile Loan Interest Rates

Digital Lenders Oppose CBK’s Plans to Regulate Mobile Loan Interest Rates

As part of the Central Bank of Kenya (Amendment) Bill, 2020, the banking regulator is about to be given power…
Safaricom’s Ksh 20 bob per day 4G smartphone Financing Plan Launched

Safaricom’s Ksh 20 bob per day 4G smartphone Financing Plan Launched

Yesterday, it was known that Safaricom plans to launch its Ksh 20 a day 4G smartphone financing plan dubbed Lipa…
Ngao Credit: Here’s how to take advantage of our Import Financing services

Ngao Credit: Here’s how to take advantage of our Import Financing services

Ngao Credit Import Financing: If you have plans to purchase your dream car this year, chances are that you have…
CA Sets Aside Ksh 1.6bn for Development of Mobile Towers in Arid Areas

CA Sets Aside Ksh 1.6bn for Development of Mobile Towers in Arid Areas

The Communications Authority of Kenya (CA) has announced the allocation of Ksh 1.6 billion meant to cater for the development…
Twitter Considers Subscription Options after Drop in Revenue

Twitter Considers Subscription Options after Drop in Revenue

Twitter has reported a drop in revenue in the recently concluded quarter. As such, the company is seeking more ways…
You Can Now Pay for Electricity Bills Using Safaricom’s Bonga Points

You Can Now Pay for Electricity Bills Using Safaricom’s Bonga Points

Safaricom customers can now pay for their power bills using the company’s Bonga points. “We have entered into a partnership…
The business challenges of SMEs during this COVID-19 pandemic

The business challenges of SMEs during this COVID-19 pandemic

The COVID-19 pandemic has not only taken a toll on the health sector; it has now become an economic crisis…
Equity Bank Receives $50 Million Loan from IFC to support Kenyan SMEs affected by COVID-19

Equity Bank Receives $50 Million Loan from IFC to support Kenyan SMEs affected by COVID-19

IFC has announced a $50 million loan to Equity Bank Kenya to support local SMEs especially those facing COVID-19 related…
Kenya Association of Manufacturers is piloting a Circular Economy programme with SMEs in Ruaraka

Kenya Association of Manufacturers is piloting a Circular Economy programme with SMEs in Ruaraka

The Kenya Association of Manufacturers (KAM) is piloting a Circular Economy programme for local SMEs with Denmark in Ruaraka, Nairobi.…
Kenyan Tourism Industry Mulls Virtual Game Tours as it seeks to Make up for Revenue Losses

Kenyan Tourism Industry Mulls Virtual Game Tours as it seeks to Make up for Revenue Losses

It’s no secret that the tourism industry, like many others, has been severely affected by the covid-19-driven shelter-in-place orders. According…
Kenya’s Economy Set to Slow as Effects of COVID-19 Pandemic Take Hold, Report

Kenya’s Economy Set to Slow as Effects of COVID-19 Pandemic Take Hold, Report

The Kenyan credit market is coming under severe pressure as the COVID-19 pandemic impacts the Kenyan economy. According to the…
CBK Seeks to Regulate Digital Lenders in Kenya in new Proposed Bill

CBK Seeks to Regulate Digital Lenders in Kenya in new Proposed Bill

The Central Bank of Kenya (CBK) seeks to regulate mobile lending loan rates in a new bill proposed to parliament.…
The UK Bans Use of Huawei Equipment in its 5G Network

The UK Bans Use of Huawei Equipment in its 5G Network

Huawei has been banned from taking part in Britain’s 5G network. In an order issued yesterday after a meeting by…
Huawei Records Revenue Growth in H1 2020 amid Pandemic and US Pressure

Huawei Records Revenue Growth in H1 2020 amid Pandemic and US Pressure

The Huawei and US drama continues, but it seems the Chinese tech company is still making ends meet. In its…
Open Banking opens up new opportunities for Banks in Africa

Open Banking opens up new opportunities for Banks in Africa

Open Banking is a global FinTech trend that is revolutionising the financial services landscape across the world by enabling banks…
SWVL Breached; Customer Names, Email addresses, and Phone Numbers Leaked

SWVL Breached; Customer Names, Email addresses, and Phone Numbers Leaked

The Egyptian-born ride-hailing company, SWVL, has recently reported a security breach in their systems. In an email sent to its…
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