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Jumia shuts down operations in Tanzania
By Girlie Kendi,
1253, November 30, 2019 (EAT)
Jumia, the largest e-commerce operator in Africa, shut down its operations in Tanzania just a week after a similar move in Cameroon. Jumia cited th...
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Safaricom showcases Kenya at Singapore Fintech festival
By Duncan Mutwiri,
954, November 15, 2019 (EAT)
Safaricom has urged innovators at the Singapore Fintech festival to exploit opportunities in the Kenyan industry. The company's Chief Financial Off...
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Nairobi warming up to shared office spaces one square feet at a time
By Kepha Muiruri,
1653, November 2, 2019 (EAT)
Patrick Awori, the Chief Executive Officer to the Circle Savings Fintech ditched the conventional office two years ago for a shared one and has not tu...
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Kenyans ‘fuliza’ Ksh.140 billion in 9 months
By Kepha Muiruri,
1031, November 2, 2019 (EAT)
It has now emerged that Kenyans tapped Ksh.140 billion from Safaricom’s overdraft service Fuliza in just under nine months of operations. The inc...
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Banking staff to get 6% pay raise in new CBA
By Kepha Muiruri,
1919, September 11, 2019 (EAT)
Bank employees are set to receive a six percent raise on their salaries following a new agreement between the Banking, Insurance and Finance Union (BI...
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Sponsored: How Zenka Finance became the most preferred non- banking platform in Kenya
By Sponsored,
1656, August 22, 2019 (EAT)
The digital lending market in Kenya has been expanding rapidly since the world's first digital credit solution was launched. Soon, it became the domin...
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Uhuru invites Barbadian business community to invest in Kenya
By PSCU,
1210, August 9, 2019 (EAT)
President Uhuru Kenyatta has invited Barbadian investors to set shop in Kenya saying his administration has created an enabling environment for both f...
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NilePay mobile money launches in South Sudan
By Citizen Reporter,
2138, August 7, 2019 (EAT)
NilePay PLC, a leading Electronic Financial Services Company, on Wednesday partnered with Zain South Sudan to launch the first licensed mobile money s...
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Equity Bank’s Finserve boss Jack Ngare moves to Microsoft
By Kepha Muiruri,
1415, August 6, 2019 (EAT)
Managing Director to Equity Group’s digital finance subsidiary Finserve Africa-Jack Ngare has ditched the lender for global tech giant Microsoft. ...
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Cryptocurrency plan will radically transform Kenya’s monetary system: report
By Kepha Muiruri,
1334, July 30, 2019 (EAT)
A ICT Ministry-backed team has retained its quest for the development of cryptocurrency assets in Kenya in spite of regulator unease. The task-forc...
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Paul Muthaura set to exit Capital Markets Authority after 7 years as CEO
By Kepha Muiruri,
1552, July 26, 2019 (EAT)
Capital Markets Authority (CMA) Chief Executive Officer Paul Muthaura will not seek out a new term to be the regulator’s chief when his term ends Ja...
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Kenyan banks at pains to offer new currency as shortfall hits
By Kepha Muiruri,
1152, July 20, 2019 (EAT)
Kenyan banks have re-configured their teller machines to churn out old-series notes. A senior banking official told Citizen Digital that lenders ba...
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Fintech: Kenya’s Wapi Pay seeks payment solutions between Asia and Africa
By Kepha Muiruri,
1204, July 18, 2019 (EAT)
Kenyan based financial technology (fintech) company Wapi Pay has moved to strengthen payments on its Afro-Asia corridor under a new partnership with S...
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NSE eyes change of fortunes in third Ksh.250M M-Akiba sale
By Kepha Muiruri,
2008, July 16, 2019 (EAT)
The Nairobi Securities Exchange (NSE) will next Monday issue a fourth installment of the famed Mwananchi bond, in what is its continued faith in the m...
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Kenya, Singapore in deal to collaborate on innovation
By Kepha Muiruri,
1704, July 16, 2019 (EAT)
Kenya and Singapore have, through their respective Central Banks arrived at an understanding allowing the two countries to collaborate on innovation. ...
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Global money-laundering watchdog launches crackdown on cryptocurrencies
By Reuters,
1138, June 22, 2019 (EAT)
Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on ...
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Bob Collymore outlines key targets for fresh 14 months term
By Kepha Muiruri,
1930, May 23, 2019 (EAT)
Bob Collymore has defined his new term at the helm at Safaricom as a work-in-progress highlighting key targets for the upcoming 14-months. While co...
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Blurred credit information a weakness to digital lending
By Kepha Muiruri,
1443, April 29, 2019 (EAT)
The employment of mobile applications in the issuance of credit in the country has grown from a relatively non-existent position to become central to ...
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SME credit guarantee a piece of a larger jigsaw – Experts
By Kepha Muiruri,
1849, April 8, 2019 (EAT)
Stakeholders in the micro, small and medium enterprises (MSME) space have welcomed the establishment of a credit guarantee scheme by government termin...
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Loan apps leave more-debt ridden Kenyans
By Kepha Muiruri,
1210, March 9, 2019 (EAT)
Digital disruption in finance has re-opened the Pandora’s Box allowing for the slow but sure resurgence of expensive loan culture in the Kenyan econ...
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