Diaspora Remittances Grow 6.4%
Kenyans in the diaspora sent home KES 8.4 billion in the month of November 2012. This is 6.4% increase compared to October 2012 where KES 8 billion were remitted.
M-pesa: Our Best Shot At Total Financial Inclusion.
At it's onset, the decade that led to the millennium was marked by a very low penetration of financial services in Kenya. Today, thanks to the mobile phone, this is quickly changing. In a country of 40 million people with 75% of it having direct access to a mobile phone, the financial services landscape significantly differs to the one of the nineties.
Kenya Projects GDP Growth at 5.2% in 2012
The Central Bank of Kenya (CBK) has projected that Kenya’s real Gross Domestic Product (GDP) will expand by 5.2% with Monetary Policy focusing on achieving and maintaining low inflation. CBK reports that the Kenyan economy performed modestly in 2011 and realized growth in gross domestic product (GDP) of…
James Mwangi: The Banker who build a bank on other people's money
Pesatalk gives you the story of the CEO of Kenya's second largest bank by asset base, and how he used other people's money to create his empire.
All You Need to Know About M-Shwari
Everyone's been talking about it. It's M-Shwari this, and M-Shwari that. But what does the fine print say?
Banks Vs Insurance: Who Will Perform Better?
Performances of the Safaricom shares arguably lead to lower performance at the Nairobi Securities Exchange . Trading over 76 million shares at a lower price takes its toll on the bourse and the day’s end performance was proof of it. Both the All-Share index and the 20-share index dipped…
Bank on Facebook, or Twitter
With advancing technology, lenders are looking for the most convenient ways to get security for loans they give to borrowers. Use of social media profiles by LendUp in the US is an example.
Meet M-Shwari, A Mobile Bank Account From Safaricom
Safaricom Ltd is launching a mobile money based credit scheme, M-Shwari, a product that will allow M-Pesa subscribers to save and borrow money using their phones. This new product will mainly target micro-savers and borrowers. It will enable users to open a mobile bank accounts, into which they can deposit as low as KES 1
Why a Mattress is better than a Bank Account
Banks are run by con-men. Why pay someone to use your money so that they can get richer while you remain the same? Why not put that money in a mattress account? It's free and it's only as secure as you want it to be.
'Chat With A CEO' Every Week
The weekly "Chat with the CEO" will give the public a chance to learn about banks and the capital markets, product innovation, SME opportunities and challenges, investment tips and career advise.
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