Housing Finance is 2nd African company to set up WhatsApp banking

By Faizal Ahmed,

Housing Finance has launched a WhatsApp banking solution that offers customised mobile services to its customers. It becomes the second company in ...

Housing Finance , Mobile Banking , whatsapp

Co-op Bank’s business mix pushes half-year profit to Ksh.7.5B

By Kepha Muiruri,

The Cooperative Group has announced a 5.6 percent jump in half-year earnings to Ksh.7.5 billion. The marginal rise in net profit which keeps touch ...

Cooperative Bank , Digitization

Sponsored: How Zenka Finance became the most preferred non- banking platform in Kenya

By Sponsored,

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...

Fintech businesses , Non-banking platform , Zenka Finance

KCB Group half year profit rises 5pc to Ksh.12.7 billion

By Kepha Muiruri,

KCB Group has announced a five percent growth in earnings for the first six months of the year to Ksh.12.7 billion. The marginal growth, which howe...

Joshua Oigara , KCB Group , mergers & acquisitions

Sponsored: Diaspora Chama Account makes saving for Back-at-Home projects easier

By Sponsored,

It’s human nature to associate and integrate closely with other people, especially people with an identical or similar focus and pursuits in life. ...

Diaspora , KCB , Tuungane Chama account

How China is slowly expanding its power in Africa, one TV set at a time

By CNN,

In the outskirts of Nairobi, Kenya, Michael Nganga is watching a Chinese Kung Fu movie. His small home in Limuru doesn't have running water and i...

China in Africa , Pang tV , StarTimes , TRANSSION

CBK warns of impending disruption to mobile-money services

By Kepha Muiruri,

Governor to the Central Bank of Kenya (CBK) Patrick Njoroge has warned of an impending disruption to mobile-money services, this as innovation in glob...

CBK , Euromoney Conference , financial inclusion , mobile money , patrick njoroge

Barclays registers flat quarterly growth as transition to ABSA hits earnings

By Kepha Muiruri,

Barclays Bank Kenya (BBK) has announced a flat Ksh.1.9 billion growth in quarterly earnings to March 31, 2019, this as the lender’s transition into ...

Absa Group , ABSA Kenya , Barclays Bank Kenya (BBK) , Jeremy Awori , Timiza

Safaricom, Vodacom plan Ksh.1B purchase of M-Pesa rights from Vodafone

By Reuters,

Kenya’s Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial service...

Safaricom , Vodacom

CBK calls for regulation of mobile-based lenders

By Dennis Otieno,

The Central Bank of Kenya (CBK) is calling for seamless regulation of digital lending platforms in the country. According to CBK Governor Patrick N...

Central Bank , patrick njoroge

KCB quarterly profit rises to Ksh 5.8B on non-interest income

By Kepha Muiruri,

KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...

Joshua Oigara , KCB

U.S. eases restrictions on Huawei, founder says Chinese firm underestimated

By Reuters,

The U.S. government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimizing disruption for its cust...

Huawei

5 banks roll out cheap SME loans at 9% rate

By Kepha Muiruri,

Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...

Central Bank Governor (CBK) Patrick Njoroge , Central Bank of Kenya , interest rate capping , SME lending , Stawi

U.S. may scale back Huawei trade restrictions to help existing customers

By Reuters,

The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have mad...

Cyber threats cost Kenyan economy Ksh. 25.9B in 2018 – Report

By Kepha Muiruri,

Increased cyber security threats cost the economy an approximated Ksh.29.5 billion (USD 295 million) in 2018, a newly-published study shows. The an...

2018 Africa Cyber Security Report- Kenya , Communications Authority of Kenya (CA) , Serianu

No employees should be sacked in CBA-NIC Group merger, banks told

By Reuters,

The Competition Authority of Kenya approved has a proposed merger between Commercial Bank of Africa (CBA) and NIC Group, the regulator said in a state...

CBA , NIC

Bob Collymore to leave Safaricom as row erupts over successor

By Reuters,

The head of Kenya’s biggest telecoms firm Safaricom plans to step down in August for health reasons, but the government’s insistence he should be ...

Bob Collymore , M-pesa , Safaricom , Vodacom

Blurred credit information a weakness to digital lending

By Kepha Muiruri,

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 ...

CBK , Credit Referencing Bureaus (CRBs) , digital lending , Fintech , tala

SACCOs stare at early grave in numbness to digital era

By Kepha Muiruri,

The Savings and Credit Cooperatives (SACCOs) concept could be staring at an eventual demise in what has been a slow-adoption of innovation in service ...

sacco

Kenyans shun banks over stringent loan conditions

By Gloria Magudha,

Kenyans are increasingly borrowing and saving through savings and credit co-operatives (saccos) and mobile money platforms than through formal banking...

bank loans , saccos