Mobile Money Transactions Drop To Sh685bn In Second Quarter Of 2019/2020 Financial Year – CA
Kenyans continued to reduce movement of their cash through different mobile money platforms to hit Sh684.5 billion for the period between October to December 2019. Competition Autho…...
Read More WorldRemit caps fees on mobile money
London-based money remittance firm WorldRemit has capped transaction fee on its mobile money services across its markets including Kenya irrespective of the amount a customer is sen…...
Read More World Bank to support Ghana and six others to harmonise statistics
Ghana and six other West African countries are to benefit from a $379 million World Bank Group support to help harmonise and improve their statistical systems.The other countries ar…...
Read More Safaricom, Vodacom pay Sh1.4bn for M-Pesa brand
Safaricom and its South African parent company Vodacom have completed the buying of intellectual property rights to M-Pesa service from British firm Vodafone in a deal estimated at…...
Read More Absa Kenya launches credit line for SMEs
Absa Bank Kenya has launched a new credit line to boost Small Scale Enterprises (SME’s) to address concerns of increasing defaults on loans as a result of government failing to pay…...
Read More Forex deposits drop after demonetisation
Foreign currency deposits held by commercial banks declined by Sh12.9 billion last November, the second month after Central Bank of Kenya’s (CBK) demonetisation drive ended. CBK da…...
Read More Barclays life insurance officially changes to Absa life insurance
Following receipt of all regulatory approvals, Barclays Life Assurance Kenya limited has officially changed to Absa Life Assurance Kenya limited effective 10 February 2020. The chan…...
Read More Banks urged to adopt tech fast
Global tech giant, Microsoft has urged commercial banks to fast-track adoption of technology to mitigate costs and create new customer-centric products that help grow their business…...
Read More Kenya's economy to grow 6.2 per cent in 2020, central bank says
Kenya’s economy is forecast to grow 6.2 per cent this year, up from 5.7 per cent last year, central bank governor Patrick Njoroge said on Tuesday, as regional trade shields Kenya f…...
Read More Ex-London rogue trader 'to kick-start mortgage industry' in Ghana
Jan 23 2020 - A former banker who was deported from the UK to Ghana after being convicted of Britains biggest ever fraud has said he is planning to start a business in the mortgage …...
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