CBK special units to audit 3 large banks Central Bank of Kenya (CBK) is setting up special supervision units for Kenyan banks with regional subsidiaries to identify the risks. The International Monetary Fund (IMF) says fast expansion of banks into the region has brought fresh risks as regulation in some…

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…

Safaricom‘s plan for its customers visiting Rwanda from this October to make local calls at KES 10 a minute have hit a snag. The Rwandan government has imposed a 30% tax on cross-border call charges in what appears to be backtracking on a…

Safaricom has announced that it is set to lower the cost of calls and roaming rates between Kenya and Rwanda. The new rates take effect from today. The move which comes ahead of the East African Community (EAC) Heads of State initiative dubbed “One Network” set to officially launch in…

The poor invest in airtime to grow income, says study Many of Kenya’s poor would rather go hungry and walk to work than be short of airtime, according to a study commissioned by the World Bank. The preference reflects the changes in spending…

Over the last 90 days, the amount of money Apple has in the bank has risen to $ 117 billion from $ 110 billion, or to KES 10. 241 trillion from KES 9.631 trillion. Not a lot of money, but enough to fund Kenya’s entire budget for the next seven years, if it remains at its current amount. And it still isn't enough, according to Apple shareholders.

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

Intellectual property (IP), words that were heavily used in 2012 since the fight between Samsung Electronics Co. and Apple Inc. heated up. The matter of IP has also hit Kenya, the most recent being the patent battle between Safaricom and Faulu Kenya over their idea of mobile banking that…

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.

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…