Could mVisa spark a Mobile money war with other service providers in Kenya?
Visa announced today that consumers of a Visa-led bank partnership in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa. Consumers can use mVisa to send money directly from their bank to a recipient’s bank account regardless of whether they use a smart phone or feature phone. The partnership offering More...
Kenya Imposes Curfew After Nine People Beheaded in Coast Attack
Bloomberg: Kenya’s internal-security ministry imposed a dusk-to-dawn curfew in three districts it described as “dangerous and disturbed,” after violence including the beheading of nine people by suspected More...
High Taxation on remittance hinders Diaspora Contribution -East Africa
Tanzania and Rwanda are the most expensive countries in the region to send money to from the United Kingdom, a position that has been hindering growth in diaspora remittances. Tanzania is the second most expensive More...
Fred Matiang’i appointed acting Interior CS – Kenya
Kenyan President Uhuru Kenyatta appointed Fred Matiang’i as acting interior secretary to replace Joseph Ole Nkaissery, who has died suddenly. The replacement was named to avoid a vacuum in leadership as the country More...
Kenya interior CS Gen Nkaissery dies in hospital after a short illness
Kenya’s interior minister has died in hospital, the government said on Saturday, a month before the country is due to hold national elections. “It is with deep sorrow and shock that we announce the sudden More...
Islamic finance provides Kenyans with cushion against drought
Hamara Hujale tries to keep an eye on two squirming children and a pot of simmering ugali – a white doughy dish – as she reaches for her buzzing phone. After speaking a few words, she hangs up and scribbles More...
Kenya’s Opposition discredit Governments’ handling of Food Crisis and Graft to win votes
The Kenyan government’s handling of food shortages caused by one of the East African nation’s worst droughts in three decades and allegations of corruption are emerging as the key opposition weapons in its bid More...
Murder Part of Drama at Kenya Sugar Miller Up 50% in a Month
The company’s chief executive has fled the country. Its legal officer was killed in an unsolved murder case. Operations are shut for three months for maintenance and mounting losses mean it needs a bailout from More...
How Islamic finance players can win trust of consumers
By Jaafer A rapid growth of Islamic finance in Kenya has continued to raise questions over its benefits to society as well as its possible impact on the stability of the country’s financial services sector. These More...
Urban growth a boon for Africa’s industrialization
The 2017 Economic Report on Africa calls for harnessing urban growth By Franck Kuwonu There has been much talk about Africa’s urban dividends—the increased prosperity and sustained socioeconomic development More...
