FeaturedTelecomFirst ever Kenyan CEO takes charge of SafaricomInternational Finance Business DeskApril 2, 2020April 2, 2020 by International Finance Business DeskApril 2, 2020April 2, 2020 Peter Ndwega replaces Bob Collymore, who passed away in 2019... Read more
FeaturedTechnologyKenya’s value of mobile money transfers increases 34% in Q4 2019International Finance Business DeskApril 1, 2020 by International Finance Business DeskApril 1, 2020 Safaricom’s M-Pesa has recorded market share of 98.8 percent, while Telkom’s T-cash recorded lowest of 0.07 percentage points... Read more
FeaturedFintechAfrica uses mobile money to curb the spread of the coronavirusInternational Finance Business DeskMarch 26, 2020 by International Finance Business DeskMarch 26, 2020 Safaricom removed all fees from its mobile-money platform, M-Pesa... Read more
AviationFeaturedKenya Airways to ground 90 percent of its fleet following Coronavirus threatInternational Finance Business DeskMarch 24, 2020 by International Finance Business DeskMarch 24, 2020 Kenya Airways has suspended international flights and plans to restrict operations for domestic flights following a state order... Read more
FeaturedTelecomSafaricom introduces zero transaction fees on M-PesaInternational Finance Business DeskMarch 17, 2020 by International Finance Business DeskMarch 17, 2020 Kenya's banks and mobile money providers are pushing cashless payments to curb Covid-19... Read more
FeaturedInsuranceKenya Re to set up re-takaful unit in Egypt in 2021Pritam BordoloiMarch 13, 2020 by Pritam BordoloiMarch 13, 2020 The insurer increased its cash reserves through issuance of 2.099 billion of new shares... Read more
BankingFeaturedKenya’s Co-op Bank to acquire Jamii Bora as part of consolidation plansInternational FinanceMarch 12, 2020March 18, 2020 by International FinanceMarch 12, 2020March 18, 2020 The acquisition will strengthen Co-op Bank asset base to over Sh 462 billion... Read more
EnergyFeaturedSafaricom to diversify into energy, to supply power to the national gridPritam BordoloiMarch 9, 2020 by Pritam BordoloiMarch 9, 2020 The telco could supply power to the national grid from solar and wind power plants at its base stations... Read more
FeaturedLogisticsLocalisation of Kenya’s SGR operations reach 80%International FinanceMarch 3, 2020March 18, 2020 by International FinanceMarch 3, 2020March 18, 2020 The SGR line was launched in 2014 to connect Kenya, Uganda, Rwanda and South Sudan... Read more
AviationFeaturedKenya Airways names its subsidiary Jumbojet’s head as new CEOPritam BordoloiFebruary 28, 2020February 28, 2020 by Pritam BordoloiFebruary 28, 2020February 28, 2020 Allan Kilavuka was serving as the acting chief executive since the post became vacant... Read more