Author: David Indeje

Phone fraud scam is not a new thing in Kenya where most mobile users have fallen victims. Fraudsters often try to spoof the number of your mobile phone or social media accounts in order to persuade targets of the legitimacy of their request for personal and financial information. Kenya’s telco sector led by Safaricom has realised that threats posed by scammers has grown significantly in recent years, and the sophisticated tactics used by these criminals lead to devastating consequences for victims. As a result, it has come up with simple rules and measures dubbed #JichanueAndTakeControl to ensure that your phone and…

Branch International Inc Tuesday formally acquired an 84.89 per cent stake in Kenya’s Century Microfinance Bank Limited paving the way to actualise its strategy towards being a Pan-African digital bank. Branch International is the first mobile digital lender to acquire a majority stake in a banking institution. Matt Flannery, the founder of Branch International said Tuesday during the formal signing ceremony for the acquisition of the Kenyan microfinance lender following regulatory approvals. “With the recent acquisition, we will soon be making a landmark transition as the first digital lender to expand into the microfinance banking market, allowing for deposit-taking financial…

Kenya’s consumer price index (CPI-) based inflation rate fell to a 17-month low of 5.07 per cent in February against 5.39 per cent in January driven by softer fuel, electricity and food price pressures. This is the fourth straight month inflation decline in comparison to global trends. “This fall is mainly attributed to the increase in prices of commodities under; food and non-alcoholic beverages (8.69 per cent), furnishings; household equipment and routine household maintenance (5.41 per cent), housing, water, electricity, gas, and other fuels (4.79 per cent) and transport (4.45 per cent),” the Kenya National Bureau of Statistics says. Fuel…

Kenyan exports are expected to grow at an average annual rate of more than 7 per cent hitting Ksh 1.2 trillion (USD 10.2 billion) by 2030. As per Standard Chartered titled Future of Trade 2030: Trends and markets to watch, the growth of exports is being driven by the expansion of the manufacturing sector and strengthening of its regional trade relation. “It is focusing on developing the required infrastructure and investing in projects for railway, road, and port development,” part of the research reads. In addition, “Uganda and the USA will continue to be the leading export corridors for Kenya, accounting…

Kenya’s rally driver McRae Kimathi and his compatriot Mwangi Kioni finished fourth scoring a WRC3 podium on his first-ever European rally. This was besides losing  17min stuck in a snowbank on Friday during FIA Junior World Rally Championship staged in Sweden. “It’s such a great feeling. I mean first time on snow and fourth overall is such an amazing feeling,” Kimathi said. ” I dedicate the achievement of this milestone to my country and my continent.” https://twitter.com/mcrae_kimathi/status/1497979470518665222?s=20&t=OZv1e9FUpcE-dDUWprVLyA “We are proud of you as you continue to go beyond and achieve great success,” Safaricom Tweeted, one of Kimathi’s sponsors. https://twitter.com/SafaricomPLC/status/1498194892593549312?s=20&t=pDVyL8ZY3_t3S32IqFBpkg “It…

Safaricom will pay an interim dividend of Ksh 25.64 Billion to shareholders for the current financial year ending March. The interim dividend is equivalent to KSh0.64 per share which will be paid on or about March 31 to shareholders on record as of March 17. For the year ended March 31 2021, Safaricom paid an interim dividend of KSh18 billion equivalent to KSh 0.45 per share. “The board of Safaricom is pleased to announce that at its meeting that was held on February 24, 2022, it was resolved to approve payment of an interim dividend of KSh0.64 per ordinary share…