93% of SMEs miss out on govt backed loan restructures

By Kepha Muiruri,

93 per cent of small and medium enterprises (SMEs) or about nine out of every 10 businesses have reported missing out on loan restructures offered by ...

CBK , smes

Banks put on the spot for mimicking ‘rogue’ digital lenders

By Kepha Muiruri,

Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...

Central Bank of Kenya (CBK) , fuliza , Kenya Bankers Association (KBA)

Mshwari and Fuliza lead as SMEs top loan providers

By Kepha Muiruri,

KCB and NCBA backed Mshwari and Fuliza have been established as the most accessed mobile credit providers by Kenya’s small and medium enterprises (S...

fuliza , mshwari , SMEs in Kenya , Viffa Consult

Safaricom’s M-Pesa tipped to withstand disruption from WhatsApp Pay – analysts

By Kepha Muiruri,

Safaricom’s mobile money service M-Pesa has been tipped to weather the disruptive storm from the recently launched Facebook Inc. owned-WhatsApp Pay ...

Genghis Capital , M-pesa , Safaricom , WhatsApp Pay

Kenyans ‘fuliza’ Ksh.140 billion in 9 months

By Kepha Muiruri,

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...

digital borrowing , fuliza , Michael Joseph , Safaricom

Safaricom announces 14.4% rise in net profit

By Citizen Reporter,

Safaricom has announced a 14.4% rise in net profit for the first half of the year to September 30, 2019. CEO Michael Joseph said the company's net ...

Safaricom

It’s Ndegwa! The Internet was right

By Joseph Bonyo,

A month ago, the internet was awash with information. Listed Telco Safaricom Plc had appointed a new CEO and a Kenyan at that! Peter Ndegwa’s por...

Peter Ndegwa , Safaricom

How to check your Fuliza limit on Safaricom

By Imani Mitchelle,

Fuliza is a service offered by Safaricom that enables users to complete their financial transactions even when they do not have enough money in their ...

fuliza , mpesa , Safaricom

Betting, John DeMathew, Wendy Waeni most searched on Google

By Ian Omondi,

The English Premier League (EPL) topped the Google Search trends in the August search queries; with Liverpool vs Arsenal and Manchester United vs Chel...

betting , EPL , Google Search trends , John DeMatthew

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

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