M-Pesa eyes high-value loans offering after Safaricom split

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Free food, umbrellas dominate virtual AGM questions

Concerns about free food, umbrellas and T-shirts dominated queries raised by investors of top listed firms during the virtual AGMs

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Source: Business Daily

Kenya: Penniless Gor Mahia Now Begging Fans for Cash Bail Out Through Bonga Points

Gor Mahia has appealed to its fans to use their Safaricom Bonga Points to assist the financially crippled club offset an ever mounting debt and unpaid

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Source: allAfrica.com

Airtel Money loses 91. 9pc of subscribers in one year

Airtel has lost 3.74 million customers on its mobile money service or 91.9 percent of the telco’s cash transfer subscribers in the year to March, cementing M-Pesa’s market share grip.

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Source: Business Daily

KRA official risks losing Sh597m over port bribes

The anti-graft agency has launched a fresh bid to seize properties worth Sh597 million from a Kenya Revenue Authority (KRA) official.

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Source: Business Daily

Kenya Power awards Kitui Sh100m face masks tender

The tender now raises Kenya Power’s total spending on the fight against Covid-19 to Sh146.2 million.

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Source: Business Daily

Ex- KNCCI head Kiprono Kittony picked as Nairobi bourse chairman

Mr Kittony replaces Samuel Kimani who resigned on July 13 after serving as the chairman of the NSE board since 2012.

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Source: Business Daily

BELLOWS: The architecture of real estate down payments

Up and down our great country, real estate developers and land subdividing and onward selling agencies thrive by capturing the dreams and ambitions of Kenyans from all walks of life.

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Source: Business Daily

StanChart reveals loss from free M-Pesa deals

Removal of the charges were initiated by the Central Bank of Kenya (CBK) and were to last from March 16, 2020 until June 30, 2020.

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Source: Business Daily

Kenya: KCB Closes Branch After Envoy Collapses and Dies

[Nairobi News] Kenya Commercial Bank has shut down one of its main branches after a South Sudanese envoy collapsed and died.

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Source: allAfrica.com

Kenya: Good Stock Prices Lure Investors to NSE

[Nation] The Covid-19 battering of Nairobi bourse-listed firm's share prices has presented an attractive opportunity for investors with a long-term view to accumulate stocks and hope for a sustained recovery as companies start turning the corner on the pandemic.

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Source: allAfrica.com

April mobile cash deals hit 2-year low

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Source: Business Daily

Vodacom boosted capex by R500-million as pandemic hit - TechCentral

Vodacom pumped an additional R500-million into its network in the first quarter of its 2021 financial year to help cater for surging demand for voice and data services during the Covid-19 lockdown.

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Source: TechCentral

MWARANIA: Insurance firms can beat Covid-19 by innovating

In countries such as South Africa, insurers and reinsurers have continuous educational campaigns that have led to higher awareness levels.

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Source: Business Daily

Africa: Coronavirus May Trigger Debt Emergency Across Africa, New Study Finds

[DW] Many African countries could default on debt payments due to increasing repayment costs, precipitated by weak currencies, a ripple effect of the pandemic. But it may also spark digitalization across the continent.

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Source: allAfrica.com

Kenya: KCB Closes Branch After Envoy Collapses and Dies

[Nairobi News] Kenya Commercial Bank has shut down one of its main branches after a South Sudanese envoy collapsed and died.

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Source: allAfrica.com

The Possibility of Creating Sustainable Prosperity in Africa - African Voice Newspaper

By Olakunle Agboola - Too many minds are anchored on the notion of Africa as a place of need. To create sustainable prosperity, we need to revisit the lens through which the continent is viewed. Africa is a continent of 54 distinct countries with their own

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Source: African Voice Newspaper - African news from a British perspective

Safaricom wins fight for Okoa Jahazi after judge dismisses suit

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Source: Business Daily

Africa: Internet Balloons Could Help to Bridge the Digital Divide

[The Conversation Africa] Kenya has, in partnership with Google's sister firm, Loon, launched a fleet of 35 internet balloons that will provide internet services to remote areas of the country. This is the first balloon-powered internet to launch in Africa. Nixon Muganda explains how these will

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Source: allAfrica.com

Safaricom to earn 13pc interest from Sh20 daily handset loans

Safaricom will earn up to 13.27 percent annual interest from the sale 4G-enabled phones in Sh20 daily installments.

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Source: Business Daily

Covid-19 impact hurts workers’ ability to send relatives cash

About eight in 10 workers are unable to send cash to their relatives in rural Kenya in the wake of the Covid-19 economic hardships, says a new survey, which reveals that majority of households have not felt the impact of the reduction in VAT from 16 to 14

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Source: The East African

KAGECHE: Spread your prospecting virally like Covid-19

There’s business bloom to be found in this pandemic gloom.

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Source: Business Daily

Hopeful Future for Africa amidst Today's Reality - African Voice Newspaper

By Olakunle Agboola - One of the major problems tormenting the continent is the unstable and opaque political environment. Most African countries are yet to establish fully-functioning and transparent governmental structures, having gone through two liberation stages. First, breaking free from

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Source: African Voice Newspaper - African news from a British perspective

Kenya: Foreigners Pull U.S.$11 Million From NSE Counters Over Covid-19 Jitters

[East African] Foreign investors on Nairobi Securities Exchange (NSE) turned net sellers in October, withdrawing Ksh1.13 billion ($11.3 million) on increased risk aversion due to a surge in Covid-19 infections and deaths, halting two months of net buying.

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Source: allAfrica.com

Kenya: Army Launches Airstrikes After Wajir Al-Shabaab Attack

The Kenya Defence Forces (KDF) launched sustained overnight airstrikes targeting Al-Shabaab militants following an attack at Khorof Kharar Police Post in Wajir on Saturday

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Source: allAfrica.com

Safaricom customers to settle power bills with Bonga points

Households struggling under Covid-19 pandemic-driven economic slowdown can now use Safaricom Bonga points to settle electricity bills.

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Source: Business Daily

Kenya: Police Repulse Suspected Shabaab Militants in Garissa

Police officers on patrol have engaged suspected Al-Shabaab militants in Garissa County in a shootout, North Eastern Regional Commissioner Nick Ndalana has

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Source: allAfrica.com

State mortgage financier admits IFC, Shelter Afrique

Kenya Mortgage Refinance Company (KMRC) has admitted International Finance Corporation and Shelter Afrique as shareholders.

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Source: Business Daily

The gambling nation

The staggering size of the local betting industry has emerged from a leaked spreadsheet of revenue declarations made by gambling firms to the Betting Control and Licensing Board (BCLB) for May 2019, shortly before the government introduced tougher regulations and higher

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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME

Safaricom reveals investors’ stake in new M-Pesa firm

Vodacom and Vodafone own a combined 40 percent stake in Safaricom, which pioneered the M-Pesa service in the local market.

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Source: Business Daily

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