Equity processing 74 per cent of loans via Equitel mobile platform
Equity processing 74 per cent of loans via Equitel mobile platform Equity Bank processed 74 per cent of the loans disbursed this year through its mobile phone platform Equitel, the lender’s management said Monday. The bank said 1.2 million loans worth Sh5.4 billion have been processed…
KQ pilots lose bid to stop sale of planes
KQ pilots lose bid to stop sale of planes National carrier Kenya Airways (KQ) has won a court battle to sell part of its fleet despite protests from pilots who fear the disposal could render them jobless. High Court judge Monicah Mbaru has…
Closing Bell: Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 8.2% to close at KES 66.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Closing Bell: Williamson Tea Kenya Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines
Williamson Tea Kenya Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines Williamson Tea Kenya Limited (WTK) was the top gainer of the day. It gained 9.82% to close at KES 369.00 which was a KES 33.00 gain in share price. British-American Investments Company (Kenya) Ltd (BRIT) was the…
Family Bank gets nod to issue Sh10bn bond in expansion plans
Family Bank gets nod to issue Sh10bn bond in expansion plans Family Bank has received approval to issue a Sh10 billion bond as it seeks to fund its expansion plan. The mid-sized lender targets to issue the first tranche of the bond at the end of…
Safaricom’s share of voice market drops as Airtel, Orange gain
Safaricom’s share of voice market drops as Airtel, Orange gain Safaricom’s share of the mobile phone communications voice market has dropped by 3.8 percentage points in the past year, as the company ceded ground to rival telcos Airtel and Telkom Kenya. Industry data released by the…
Equitel loans hit Sh4bn, says Equity Bank
Equitel loans hit Sh4bn, says Equity Bank Loans borrowed from Equitel mobile money have hit Sh4 billion since its launch, underlining the vast potential of mobile banking in the country. Equity Bank CEO James Mwangi said an average Sh5,000 is borrowed daily, with most borrowers using…
CBK steps into Safaricom, Equity duel
CBK steps into Safaricom, Equity duel The Central Bank of Kenya has waded into the tag of war between banks and mobile money transfer platforms with a proposal to harmonize transaction charges. Through the 2011 National Payment System Act, the regulator is setting up a payment…
Equity picks a new fight with Safaricom over M-Pesa fees
Equity picks a new fight with Safaricom over M-Pesa fees Equity Bank Group has written a protest letter to the Central Bank of Kenya (CBK) objecting to Safaricom’s intended increase of charges on bank-to-MPesa transfers, which once effected will raise fees charged on Equitel — its…
BAT and anti-tobacco lobby oppose new cigarette tax
BAT and anti-tobacco lobby oppose new cigarette tax Kenya’s largest cigarette manufacturer and an anti-tobacco lobby have closed ranks to oppose new excise tax rates they say will only reduce government revenues. The parties, who are normally on opposing sides, say Parliament’s amendment of the Excise…
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