Mobile money transfer subscriptions grew by 12.13% from 17.3 million recorded at the end of the financial year 2010/11 to 19.5 million at the end of the 2011/12 financial year. This is according to a recent statistics report by the Communication Commission of Kenya…

Incensed by the MPs move to award themselves a bonus of KES 9.3M at the end of their term, Kenyans on Twitter took to the the streets to protest against the move. Unified under the hashtag #KOTAgainstMPsBonus, they assembled at Bata Hilton and marched to parliament. [View the…

Kenya is set to see the construction of a 22 storey luxury apartment and business complex that will be the tallest residential building in Nairobi. The project, dubbed Le’ Mac, follows the recent luxury housing boom which has prompted developers like My…

The Central Bank of Kenya has granted a license to Century Deposit Taking Microfinance (DTM) Ltd to carry out nationwide deposit-taking microfinance business. This is the seventh Deposit TM institution to be licensed. Central Bank said that Century DTMs’ primary focus is agricultural finance and,…

The move, sponsored by MP Adam Kenyan, to pass an amendment to the salary and Remuneration act that gave the MPs a KES 2.1 Billion send off package may have had a larger impact on Kenyans than he thought. When tied with the introduction of a 10% excise duty on…

Jubilee Holdings Limited has been named the country’s Best Quoted Company (runner up) and best Pension Provider at the Capital Markets Authority (CMA) Awards 2012. According to the insurer’s official press release, Jubilee scooped the Best Pension award based on stable investment returns and…

1. Technicians reactivating fake phones at Sh1,000 Barely a week after mobile phone operators switched off fake handsets, technicians in the backstreets of Nairobi are activating the gadgets for as little as Sh1,000. According to the industry regulator, Communications Commission of Kenya (CCK), the technicians are copying…

The Insurance Regulatory Authority (IRA) plans to host a workshop on draft guidelines for the insurance sector today. According to the Authority’s CEO and Commissioner, Sammy Makove, the IRA will be targeting stakeholders within the industry. Participants will include representatives from the country’s insurance companies as…

Finance Minister Njeru Githae has said that the introduction of a 10%  excise duty on mobile money transfers and any other fees charged by other financial institutions will not affect the consumer in anyway. The Minister clarified that the duty will be paid by the service providers and will…

Football is associated with passion, emotion, excitement and dedication. A game that is so intense that it could make a man break down into tears. This is the story of the twelfth man, a staunch football fan.