*106# USSD code is different from the 707 service, which alerts the Safaricom customer when someone tries registering a new SIM card with their ID number.
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
The growth in Kenya’s real Gross Domestic Product (GDP) in 2020 contracted to -3 per cent as compared to the growth rate of 5.0 per cent in 2019 the statistics body said Thursday. “The economy was supported by accelerated growth in agricultural production, construction and health services,” the Kenya National Bureau of Statistics (KNBS) said in its 2021 Economic Survey Report. “In 2021 there are two main factors that affected the production of the report… Covid-19 and late submission of data at some stages. Revision of national accounts was the second reason for the late release,” said Treasury CS Ukur…
Central Bank of Kenya’s (CBK) September twenty-one-year infrastructure bond issuance attracted a subscription worth Ksh 151 billion with Ksh 106 billion being accepted. The original issue plan was to raise Kshs 75 billion with proceeds being used to fund infrastructure projects in the 2021/2022 National Budget Estimates. The oversubscription, 201.67%, was largely attributed to the high market liquidity as had been projected by market analysts. https://twitter.com/CBKKenya/status/1435588102127554562?s=20 “We expect the paper to be well bid. However, the absorption might be dependent on how market bids and the real appetite for the funds by the sovereign,” Stephanie Kimani, NCBA Market Research had…
Pezesha Africa, a Kenyan fintech startup has closed a seven-figure sum in a seed-extending round led by a Nigerian Venture Capitalist firm, Greenhouse Capital Partners. The fintech startup said this was additional funding to the one received from GHC’s sister company Venture Garden Group (VGG). The funds will support its growth across Africa and its mission to expand access to affordable working capital for SMEs. Using its holistic digital financial infrastructure, Pezesha is looking to solve Africa’s $82 billion working capital and trade finance access problems by enabling non-traditional finance institutions to offer working capital to SMEs. “Pezesha is breaking…
Shanta Gold Ltd says its West Kenya Project has delivered “high-grade gold” at Isulu and Bushiangala in Kakamega. According to its sixth set of Phase 2 drilling results, it discovered more high-grade gold intersections from infill drilling including a new intersection of 3.9 metres at 63.80 g/t of gold. It said, around 3,205 metres were drilled across 11 holes in June and July 2021 at the Isulu and Bushiangala deposits. “We are delighted with our second set of results from Phase 2 drilling at West Kenya,” said Shanta chief executive Eric Zurrin in a statement. “We are almost halfway through…
Kenya’s current account deficit remains high, the Central Bank of Kenya (CBK) said on Friday. Data from the Central Bank of Kenya (CBK) shows the deficit, measured as a percentage of the gross domestic product, stood at 5.4 per cent in the 12 months to July 2021 compared to 4.9 per cent of GDP in the corresponding year. The country’s current account deficit has been a key parameter for the CBK while setting monetary policy. “The higher deficit was attributed to lower service receipts as well as high imports, which more than offset increased receipts from agricultural exports and remittances,”…