IFC eyes 11pc in Kenya Re partly owned reinsurer The International Finance Corporation (IFC) will acquire an 11 per cent stake in Zep-Re, in a Sh1.9 billion deal. Kenya Re, which is opposing this share purchase, has its shareholding in Zep Re shrunk to 16 per cent from 20.7 per…

NSE ranked second-best exchange in Africa despite foreign investor outflow The Nairobi Securities Exchange (NSE) is the second-best performer this year amongst Africa’s large bourses despite recent foreign investor outflows. NSE has slowed down as dollar returns fall with the weakening of the shilling but its performance amongst six second-tier…

Airtel cleared for regional mobile money transfer Airtel Kenya -through its parent firm, Bharti – is set to start cross border mobile money transfer services in Kenya, Tanzania, Uganda and Rwanda after receiving regulatory approvals from the Central Banks of the four countries. The first phase will be a pilot…

Airtel Uganda has partnered with Equity Bank Uganda, Uganda Cooperative Savings and Credit Union (UCSCU), and FutureLinkTechnologies (FLT), to implement the Integrated Financial Inclusion Project (IFIP). This is intended to enable more than 2 million customers to get financial access regardless of their location. It will make it easier for…

CCK reports a 56.9% increase in mobile data usage as at 30th September 2012 as compared to the same period the previous year.

Have you been playing Airtel’s #MBMegaDash twitter challenge? If not, then you are missing out in an opportunity to win great prizes that include daily 10MB data. Challenge starts at 5pm and closes at 6am everyday and there is 1000MB Airtel data to be…

Statistics from Communications Commission of Kenya (CCK) show that as of 4th January 2013, the four local mobile networks had switched off 1,280,840 unregistered SIM cards. Five days after the expiry of the December 31 deadline.

Airtel Kenya has unveiled its new voice bundle plan dubbed: Pamoja Bundles which allows subscribers to purchase seconds on a daily basis which can be used for on-net, i.e. Airtel to Airtel, calls. Seconds that can be purchased range from 100 to 1,500 allowing subscribers to talk for…

Effective 13th December 2012, the following cents per second voice tariffs will take effect. Pamoja Voice Bundles  Data sourced from Airtel press ad. Klub 254  Feelanga Free Tariff  Data sourced from Airtel press ad.

The Communications Commission has issued yet another warning to unregistered Sim Card users. By January 2013, the government-sanctioned team will shut down all non-catalogued cell phone numbers