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CBK Pushes for Professional Agent Bankers

The Central Bank of Kenya has set out to have Banks appoint qualified and professionally suitable entities as their agents in the wake of the growing networks of agency banking in the country. The Central Bank of Kenya (CBK) released revised Prudential Guidelines and Risk Management Guidelines…
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Closing Bell – 13 June 2012

Gainers Price (KES) Change (%) Pan Africa Insurance Holdings 34.00 6.25 Equity Bank Limited 21.50 6.17 Carbacid Investments Limited 114.00 3.64 Standard Group Limited 25.00 3.09 Barclays Bank of Kenya 12.90 2.79 Losers Price (KES) Change (%) Sameer Africa Limited 4.15 7.78 Eveready East Africa Limited 1.75 5.41 AccessKenya Group…
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The Counterfeit Menace

Manufacturers of Viceroy Brandy recently announced that a fake version of their product is circulating in the market. Nokia on the other hand has affirmed commitment in the fight against counterfeiting, . Counterfeit commodities have continued to be a menace. The Kenya Anti-Counterfeit Authority…
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Normal M-Pesa Services Resumed

M-Pesa users were this morning experiencing delays with M-Pesa transactions. Safaricom, through their Twitter handle, have announced that the problem has been solved and that normal M-Pesa services have resumed:   Service has been restored on M-PESA. Thank you for your patience. — Safaricom Limited (@SafaricomLtd) June 13,…
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CCK to Restart SIM Registration

The Communication Commission of Kenya(CCK) plans to start another round of SIM card registration in the coming weeks after the process was stopped two years ago. This comes after an amendment to the Kenya Information and Communications Act 1998 was passed, requiring registration of all telecommunication services…
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KQ to Announce Results on Thursday

National carrier Kenya Airways is set to announce its annual financial results on Thursday 14th June 2012. For the financial year 2010/2011, Kenya Airways posted a profit after tax of Shs. 3.5 billion up from Shs. 2.0 billion the previous period. The airline had a rights issue in May where…
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M-Pesa Experiencing Delays

According the Safaricom customer care Twitter page, M-Pesa is currently experiencing intermittent delays   We are experiencing intermittent delays on the M-PESA service. Our teams are working on resolution. Inconvenience highly regretted — Safaricom Limited (@SafaricomLtd) June 13, 2012  …
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Nokia Affirms Commitment to Fight Counterfeits

During this year’s World Global Anti-Counterfeit Day, Nokia joined forces with the Kenyan Anti-Counterfeit Agency (ACA) to affirm its commitment to reduce the number of counterfeit mobile phones and accessories in East Africa. Robert Nyagah, Nokia East Africa Care Channel Manager commented,…
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Nairobi to Adopt Digital TV Signal by December

Nairobi and its environs will have an all digital TV platform by the end of this year. Speaking at the launch of new digital TV provider StarTimes, Communications Commission of Kenya acting director Francis Wangusi said plans were under way to fully digitalize the…
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StarTimes Bouquets

As Kenya goes digital, StarTimes join’s MultiChoice and Zuku TV as the latest entrant in Kenya’s pay TV market. Click here to read on the launch of StarTimes. StarTimes installation fee is KES 3,499 and with it comes…
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