Author: Muindi

Telkom Kenya has created two wholly-owned subsidiaries to house its Digital and Financial Services business to enhance service delivery. The Consumer Service Delivery Unit will remain within Telkom. This is in line with Telkom Kenya’s digital transformation, which begun in August 2020, to enable it to address the demand for infrastructure and data services. “It is also important to highlight that there will be no loss of jobs as a result of this exercise which is geared towards furthering our objective of making Telkom the technology partner of choice,” the telco said in a statement. Telkom Kenya, is 60 per…

Kenya’s biggest company by market value Safaricom PLC says its in talks with American technology giant Amazon to integrate M-PESA as a payment option when shopping. This will make it easier for those customers who use Amazon to shop and ship goods to Kenya. “It is an important partnership as we go into new areas such as cloud,” Chief Executive Officer Peter Ndegwa said on Thursday during an investor briefing after the announcement of their full year 2021 financial results. Safaricom in 2020 entered into a strategic agreement offering Amazon Web Services (AWS) to East African customers to quickly get…

Mastercard has partnered with Kenya’s Billetera to provide millions of residents in the Democratic Republic of Congo access to financial and digital payments services. The partnership aims to support the vision of the DRC’s  Government’s ambitious digitization program, the National Digital Plan (NDP).  “With only 22.5 million of DRC’s total population of 90 million being financially included within the nation’s financial system, access to banking and mobile money has become an important agenda for the government,” read a statement from Mastercard.  According to Digital 2020: The Democratic Republic of The Congo, 40% of the population in DRC had mobile connections…

Kenya Airways (KQ) and Jambojet will resume their domestic flights on Sunday, May 2, 2021, following the lifting of the restriction of movement in and out of Nairobi by President Uhuru Kenyatta. KQ will fly two times daily to Mombasa and once daily to Kisumu as it continues to review the option of increasing frequencies as demand picks. “KQ continues to work closely with the Government of Kenya through the Ministry of Health and Kenya Airports Authority (KAA) to enforce safety measures and protocols.  The airline’s utmost priority remains the health and safety of the passengers, crew, and staff,” the…

Retailer Carrefour Kenya has replaced ShopRite as the anchor tenant at Garden City. The South African based chain Shoprite ceased operations in Kenya last year. The 3,572 metres squared operating space at Garden City becomes the 13 stores and 11 in Nairobi for the retailer in its expansion strategy. The new outlet will operate as a Carrefour Market giving customers living close to the mall access to its WhatsApp ordering service, allowing them to shop online and have their products delivered directly to their door. “Carrefour’s Click and Collect service — also accessed via WhatsApp — will be available from…

Britam Holdings, a diversified financial services company, on Wednesday, reported a pre tax profit of Ksh 9.7 billion for the year ended 31 December 2020. This is compared to Ksh 4.6 billion in 2019. “Of this loss, Ksh 2.3 billion related to a fair valuation loss due to poor equities performance and Ksh 2.0 billion related to property impairments,” the firm said in a statement. “The results were further depressed by a provision for investment losses of Sh5.2 billion in Wealth Fund Management Fund LLP, a fund managed by Britam Asset Managers which is a fully owned subsidiary of Britam…