Barclays Unveils New Corporate Shariah Asset Finance
Barclays Bank of Kenya has today launched a Shariah compliant Asset finance product tailored for corporate customers and re-launched an enhanced Vehicle Finance product for the Retail market. The product dubbed La Riba Asset Finance will enable corporate customers wishing to acquire moveable assets both…
Orange Increases Bundle Prices
Orange Kenya has increased the prices of its weekly Internet Everywhere 3G+ bundle and its daily mobile subscription in its recent bundle realignment move. Orange adjusted Internet Everywhere 3G+ prices upward for the 7 days unlimited bundle to KES 1,200 from KES 990. The company…
Cheap Air Travel Coming To Kenya
Hopes for cheaper flights locally and regionally seems to be materializing with introduction of several low budget carriers in the country and the Eastern Africa region. Early last month FastJest announced that it would set base in Dar es Salaam, Tanzania. The first flights are scheduled…
Joint Saving Plans
Joint Savings Accounts are not a very common type of account in Kenya. The world over, joint accounts which have several advantages are shunned by many on trust reasons. According to Norwich & Peterborough building society (N&P), many Britons are keen to protect their wealth…
SACCOs to Build KES500b Fund Alternative
Savings and credit societies are seeking to build up a KES 500 billion fund from which they can borrow at lower rates to meet the high demand for loans from their members and avoid expensive bank lending. This is the sectors bid to seek alternative financing to solve the liquidity…
Financial Reporting Centre to Cut Money Laundering
The Central Bank of Kenya has established a Financial Reporting Centre that will see cases of money laundering in the country reduced. The new centre which came into effect on Wednesday10th October requires that forex bureaus report any transactions exceeding KES 840,000 ($10,000) or anyone with transactions…
KQ Receives 3rd Plane in Expansion Plan
National carrier Kenya Airways has received the 3rd aircraft in its expansion program. The aircraft is KQ’s 12th Embraer Ejet which is also the 900th Ejet ever produced. “It is a real honor for Kenya Airways to be part of this highlight in…
Emirates Offers First Onboard Mobile Phone Service
Emirates has offered the world’s first inflight mobile phone service on-board an A380 aircraft; setting yet another record for inflight communications. In partnership with Emirates connectivity partner, OnAir, passengers aboard Emirates’ A380 aircraft will now be able to stay in touch via…
Nakumatt to replace Smart Cards with MasterCard
Nakumatt Holdings, is set to introduce the multi-currency EMV MasterCard® PayPassTM Prepaid loyalty card to its one million plus Nakumatt Smart Card holders. In a deal firmed up earlier today in Dubai, Nakumatt’s partnership heralds the unveiling of the largest prepaid merchant agreement for…
KWFT Partners with Samsung to Boost M-Banking for Women
Deposits taking microfinance institution, Kenya Women Finance Trust [KWFT DTM] in conjunction with consumer electronics firm, Samsung Electronics East Africa [SEEA] have entered a partnership to promote the uptake of mobile technology solutions among women. The joint programme by KWFT DTM and Samsung is…
1
