How Water Relates to Switching off Fake Phones
According to this article on Circle of Blue Nairobi water expects the payments via Mobile Money platforms to slow down following the switch off of, an estimated, 1.5 million phones. The rationale is pretty simple actually. 1.5 million phones represents a strong 5.14% of all mobile phones in the country (as…
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…
8 Things You Should Know This Morning
1. CBK Moves to Cut Off Money Launderers The Central Bank of Kenya has issued new rules targeting money launderers in forex bureaus ahead of a crucial international meeting to blacklist countries with weak controls for illicit money. The regulations, which came into effect on Wednesday, require forex…
Ferry Service Employees Issue Another Strike Warning
Kenya Ferry Service employees have made plans to stage a strike on Friday, the 12th of October, 2012. According to Service officials speaking to Pesatalk during a telephone interview, the workers threatened to stop their daily operations unless they are compensated in accumulated bonuses…
Is Airtel the Next Big Thing?
Latest statistics from Communication Commission of Kenya (CCK) show that Airtel recorded the largest gains in new subscriptions. Airtel recorded a 9.6 percent growth over the period between April and June 2012 in comparison the the previous quarter bringing the total number of new subscription to 430,726. Yu…
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…
What Pewa Could Learn From its Predecessors
Orange Kenya recently unveiled a new service dubbed Pewa which allows prepaid subscribers to purchase airtime on credit and pay later. This service is more or less similar to what Safaricom and Airtel offers their subscribers in form of Okoa Jahazi and…
8 Things You Should Know This Morning
1. Salaries Team Wants to Chop MPs Wages Members of Parliament are among top public servants facing a major salary cut if the team set up to determine the pay for government workers has its way. The Salaries and Remuneration Commission (SCR) is reviewing salaries of public officers…
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…
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