Airtel Kenya permit expired, operating under Essar licence Airtel Kenya is operating under the licence previously held by Essar, which it bought out last year, as its permit which expired in February is yet to be renewed. The telecommunications firm had until this February to pay…

CAK warns Safaricom on M-Pesa fees The Competition Authority of Kenya (CAK) has ordered telecoms operator Safaricom to make public its Lipa na M-Pesa charges for businesses that levy a commission on the value of payments made through the system. Francis Wang’ombe, the CAK director-general,…

Africa’s mobile money makes its way to Europe with M-Pesa M-Pesa has nearly 17 million active customers and as many as 186,000 agents worldwide. Customers make more than €900 million (US$1.1 billion) worth of person-to-person transactions a month. Now, the technology that was honed in Africa is being exported to…

We deliver a summary of important business news in Kenya to you this morning:  Family bank reports 66% jump in pre-tax profit to KES 2 billion Family Bank has posted a pre-tax profit of KES 2 billion in the last nine months compared to KES 1.2 billion posted over a similar period last…

Tomorrow morning, Equity Bank Limited (EQTY) and American Express will launch the first American Express branded cards in Kenya. The venue of the launch will be at Equity centre, 9th floor, Upper Hill, Nairobi. The bank will be the sole issuer of American…

CIC Corporate Bond gets 211% subscription The CIC Insurance Group Corporate Bond has been oversubscribed by 111 percent raising a sum of Sh6.34 billion from the initial target of Sh3 billion. The group’s Managing Director Nelson Kuria said the subscription was from across all market segments among them local institutional…

We (PesaTalk) started publishing articles in March 2012 with the aim of simplifying the jargon that financial news is famed for.yes, we have lost our footing every once in a while but our readers have kept us going, and the viewership over the months has been…

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.

Analysts say that the cost of conducting cashless transactions should be lowered by about 33% in Kenya to encourage more people to take up the option.

After M-Pesa servers crashed putting the services off last weekend, issues on safety and security of mobile money platforms which are relied on by millions of Kenyans have emerged. How safe is your Mobile money?