Man who stole phone and used it to borrow Ksh.150K arraigned

By Sophie Njagi,

A man was on Monday arraigned in court for allegedly stealing a phone and using it to borrow over Ksh.150,000 from different financial institutions. ...

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

Rise of Timiza, Fuliza, KCB-MPesa & pitfalls of other short-term lending apps

By Kepha Muiruri,

Kelvin Ochieng sits on the edges of a sports apparel stall, off Suna Road Nairobi, sheltered from the striking sun beams on this unceremonious bright ...

digital lending apps , fuliza , KCB-Mpesa , tala , Timiza

Safaricom succession: Filling Collymore’s shoes an uphill task

By Kepha Muiruri,

Safaricom’s Board has remained mum on the appointment of a new Chief Executive Officer despite Bob Collymore announcing intentions to step down. ...

Bob Collymnore , fuliza , mpesa , Safaricom

Safaricom pays out first special dividend in year of record profit-making

By Kepha Muiruri,

Kenya’s largest telco-operator by size Safaricom will pay out a special dividend to shareholders following its record year of profit making in what ...

Bob Collymore , Safaricom

OPINION – The debt trap: How to escape the vicious cycle of mobile loan apps

By Citizen Reporter,

By Reginald Kadzutu There has been a proliferation of easy loan products and use of digital credit in the Kenyan market riding on the pervasivenes...

M-pesa , mobile loans

Loan apps leave more-debt ridden Kenyans

By Kepha Muiruri,

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...

fuliza , mshwari , OKash , tala , Timiza

KCB profits soar to Ksh.24B on easing balance sheet

By Kepha Muiruri,

The Kenya Commercial Bank (KCB) Group has announced a 22 percent growth in profits for the year ending December 31, 2018 to Ksh.24billion. This of...

KCB

Safaricom’s overdraft service exceeds expectations – Collymore

By Reuters,

Safaricom notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO’s expectations, h...

Bob Collymore , mpesa , Safaricom