Browsing the "Finance" Category
July 30, 2015 - 0 Comments

Kenya Airways has reported a record Sh25.7 billion loss after tax attributable to competition from Middle East carriers and high operating costs. The airline also blamed travel advisories that led to a slump in the...

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July 11, 2015 - 0 Comments

It is a question that has been running through the minds of most Kenyans who use mobile money services: What happens to the money held in an account of a loved who has passed on?...

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April 23, 2015 - 0 Comments

 Kenya’s Safaricom has partnered with mobile phone service provider MTN in a new venture that will enable its 19.5 million M-Pesa users to send and receive money from 19 African countries and beyond. This follows...

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April 15, 2015 - 0 Comments

Safaricom plans to completely shut down its popular money transfer service for about half a day this weekend for testing as it completes “the journey to bring M-Pesa home” — a reference to moving its...

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April 10, 2015 - 0 Comments

By AFP Aid agencies warned on Friday that Kenya’s shutting down of money transfer services to Somalia over suspected links to Al-Shabaab will hit the poorest hardest and jeopordise their operations. Kenya on Wednesday froze...

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March 29, 2015 - 0 Comments

By CHRIS WAMALWA PHILADELPHIA, PA The phone call came as Julius Maina (last name changed to protect family privacy) was driving home late after a two-shift, 16-hour day. He didn’t answer at first because he...

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March 20, 2015 - 0 Comments

Kenya Airways has reduced the number of flights to Dar es Salaam after Tanzania imposed frequency restrictions over a diplomatic row between the two countries. The national carrier, which on Tuesday retired 10 of its...

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February 18, 2015 - 0 Comments

 The value of funds transacted through mobile phones stood at Sh2.4 trillion in 2014 following increased uptake of the service by consumers and aggressive marketing by and providers. According to the latest data released by...

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February 5, 2015 - 0 Comments

Bill Gates has predicted that mobile money use will eventually be adopted in the developed world. In the 2015 Gates Annual Letter, co-written with his wife Melinda and posted on his blog, the billionaire notes that...

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January 13, 2015 - 0 Comments

  Mobile money transfers surpassed the Sh2 trillion mark in the first 11 months of 2014, highlighting the significance of the service to the financial services sector. Money that changed hands through mobile-phone technology stood...

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January 6, 2015 - 0 Comments

Central Bank of Kenya governor Njuguna Ndung’u’s term in office is set to end in two months, opening the position to high political lobbying. Mr Ndung’u’s second and final tenure as governor expires in March,...

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August 22, 2014 - 0 Comments

Kenya’s corporate executives used the relative stability of their companies’ performance to significantly grow their compensation in the past financial year, the latest round of reporting by publicly listed firms show. Executive compensation rose by...

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August 1, 2014 - 0 Comments

Postbank is restructuring its operations to take a commercial banking model, as it seeks to widen its revenue basket amid an increasingly competitive market. Currently, it operates a savings service with no lending or current...

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July 15, 2014 - 0 Comments

The Kenya Revenue Authority (KRA) met its revised tax-collection target of Sh963.7 billion in the fiscal year ended June, helped by double-digit growth in revenues from customs duties and large and medium-size taxpayers. The agency...

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June 13, 2014 - 1 Comments

By Chris Wamalwa The Kenya USA Diaspora Savings and Credit Cooperative organisation commonly known as the Diaspora Sacco, is set to hold a special annual general meeting to among other things, ratify its partnership with...

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May 26, 2014 - 0 Comments

Equity Bank Group, Kenya’s largest financial institution by customer base, will launch telecommunication services through its subsidiary Finserve Africa in July. The bank on Monday said that it would issue its 8.7 million customers with...

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May 20, 2014 - 0 Comments

By CHRIS WAMALWA More by this Author Recent terrorist attacks in Kenya have not stopped majority of Kenyans living abroad from seeking opportunities to invest in their motherland, a leading banker has disclosed. Vincent Aberi,...

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April 27, 2014 - 0 Comments

Every now and then a story will appear based on calculations on the amount sent by Diaspora to Kenya. In a recent report it was revealed that Kenya in Diaspora is sending Kshs 10 billion...

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