Author: David Indeje

Mobile money platform M-Pesa has crossed 30 million monthly customers in Kenya, a few days after it marked 15 years since its launch. Kenyan customers account for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana and Egypt. “M-Pesa’s success has been achieved on the back of consistent focus on the needs of our customers by ensuring that we are constantly delivering innovations that add value to their lives. We thank all our customers for getting us to the 30 million monthly active customers milestone. “As the country…

Equity Group has received the Central Bank of Kenya (CBK) approval to charge customers a maximum of 18.5 per cent on loans under its risk-based pricing model. Group Chief Executive James Mwangi said the risk-based pricing formula allows it to price loans at between 13 per cent and 18.5 per cent. He was speaking Monday during the launch of its Kshs. 678 billion (USD 6 Billion) Regional Private Sector Economic Recovery and Resilience Stimulus Plan. “We now have no excuse of leaving anybody behind because we can price risk within a reasonable range,” said Mwangi. “We have chosen to be…

Kenya and Moderna Inc have signed a memorandum of understanding to establish the first mRNA manufacturing facility in Africa. In a statement, Moderna says it expects to invest about $500 million in the Kenyan facility and supply as many as 500 million doses of mRNA vaccines to the continent annually.  “In parallel, Moderna is also working on plans to allow it to fill doses of its COVID-19 vaccine in Africa as early as 2023, subject to demand,” the company said. “This partnership is a testament to the capabilities of our community and our commitment to technological innovation. Moderna’s investment in…

Scotland’s Ewen Ferguson Saturday led Marcus Kinhult (Sweden), Ashun Wu (China), Matti Schmid (Germany) and David Horsey (England) to be part of a five-man leaders group at five-under-par 66 at the Kenyan Open. However, Shubhankar Sharma maintains a one-shot lead with Ewen Ferguson sitting tied-second. https://twitter.com/DPWorldTour/status/1500139078292963332?s=20&t=saesLTj_gSloJWWr__0LMw The world No 317, began the third round with a first hole birdie and a quick eagle at the fourth, in addition to three birdies at the back nine’s 10th, 14th and 18th with the only bogey of the day coming at the sixth hole. “I made a couple of mistakes which, when you’re…

Kenya Breweries Limited (KBL) has re-introduced to the market its WhiteCap Crisp, an extension variant of White Cap Lager.  The WhiteCap Crisp is expected to be available in the market from April 2022. KBL seeks to strengthen the WhiteCap Crisp variant to lead the “Low and No-alcohol” category among 25–40-year-old female consumers as they seek to assert control over their lifestyles. https://twitter.com/WhiteCapLager/status/1489553236751179777?s=20&t=ZLLEY-f_j22KXn6nhubsKQ  “They (the drinkers) love hanging out with their friends over a meal as they enjoy their favourite beer during light drinking occasions, especially lunch, business meetings or even after work out,” said Anne Joy Michira, the marketing and…

Indian pro, Shubhankar Sharma emerged triumphant on day two of the Magical Kenya Open with a total of 10 under par 132. His rounds of 65 and 67 on both days saw him race ahead for the title with a one-stroke lead ahead of Japanese Masahiro Kawamura and Scottish pro Ewen Ferguson who are both on nine-under while Thriston Lawrence of South Africa is lying fourth on 7 under. “I’m happy, whenever you finish with two birdies, you’re always happy. It was a good round for me today, it was quite a slow start for me starting on the back…