Author: David Indeje

Loss and damage refer to the most severe impacts of extreme weather on poor countries’ physical and social infrastructure and the financial assistance needed to rescue and rebuild them.

Safaricom, Kenya’s biggest telecoms operator, has maintained that Voice and messaging remain important despite its customers transitioning to data services. During the release of its H1’2023 financial results for the period ending 30th September 2022, voice revenue declined 3.8% to Ksh 39.9 billion compared to HY22 – Ksh41.5 billion in line with global trends. Voice accounted for 27.5% of total service revenue at the end of the reporting period, a decline from 29.9% HY22. On the other hand, messaging revenue declined 7.7% to Ksh 5.4 billion compared to Ksh5.9 billion reported in HY22. The contribution of messaging to total service…

The Credit Repair Framework covers all loans with a repayment period of 30 days and below that were listed as non-performing by end of October 2022.

Minors will use SIM cards registered to their guardians or parents to access the network.

M-PESA revenue went up 8.7 percent while mobile data grew 11.3 percent in the same period.

Diamond Trust Bank (DTB) will open 40 more branches by the end of 2023 fiscal as a part of the lender’s focus to make its distribution stronger in other parts of Kenya, Chief Executive Nasim Mohamed Devji said. Currently, it has 66 branches in the country. “To ensure easy access to finance, we are expanding our physical presence, and we will add 40 branches to our network by the end of 2023,” she said during the Kenya National Chamber of Commerce and Industry (KNCCI) Annual General Meeting held Thursday. “Ultimately, our expansion efforts are driven by our determination to be…