Telecom operator Safaricom on Thursday said that it has consolidated its M-PESA services on the *334# menu targeting non-smartphone users in a single, easy to use on the current SIM toolkit menu. “We have embarked on a strategy to simplify our range of products and services for our customers and to provide them with an even better experience. M-PESA on *334# is our first solution as part of the ongoing strategy and it refines how our customers interact with the service,”said Peter Ndegwa, CEO, Safaricom. “Customers now have the opportunity to truly confirm the details of a transaction before it…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Equity Group Chief Executive Dr James Mwangi has been named the 2020 Oslo Business for Peace award winner alongside the co-founder of Coffee for Peace in the Philippines, Joji Felicitas Pantoja, and CEO of Salesforce, in the US, Marc Benioff. The award also described as the Nobel Prize for Business is conferred annually to individuals who exhibit ethically “businessworthy” initiatives that create economic and societal value. It is the highest business global distinction and the panel consists of past nobel prize winners in peace and economics. In citing the winners the Founder of the Oslo Business for Peace Award Per…
Co-operative Bank of Kenya on Tuesday said it has signed a five-year deal with agro-supplies firm Yara East Africa to boost services of its fertilizer distributors countrywide. The Ksh 500 million five-year scheme will enable Kenyan farmers to access to various Yara fertilizer brands aimed at boosting soil fertility and food production across the country. “It gives me great joy to announce that Yara will give a 3 percent discount to distributors making purchases under this Co-operative Bank Distributor Finance scheme to ensure our fertilizers are readily available and accessible to the farmers for planting and top-dressing purposes,” said Yara…
Kenya Rugby Union on Tuesday named Innocent Simiyu as head coach for the Kenya 7s Team effective 1st October 2020. Simiyu replaces Paul Feeny, who left the team in June. The appointment of Simiyu comes after an intensive interview process in August in which he topped a short list of four candidates Simiyu, Dennis Mwanja, Paul Murunga and Nick Wakley. According to KRU, he was unanimously selected by the panel as the best candidate to lead. “Following a KRU board meeting on Monday 1st September 2020, we would like to confirm Simiyu as the Head coach having attained top marks…
The Central Depository and Settlement Corporation (CDSC) says it has made a final payout of KSh 935.9 Million to investors in the mobile-traded government bond, M-Akiba. The amount includes Ksh.44.6 million in interest and Ksh.891.4 million in principal amounts paid to 13,592 investors. Since its launch in 2017, a total of Ksh.312.4 million has been paid out as interest to M-Akiba investors across five issues which raised Ksh.1 billion in proceeds to the National Treasury. M-Akiba was first issued on 30 June 2017, after a successful pilot phase launch of M-Akiba 1 on 23 March 2017. The M-Akiba retail bond…
Mr. Keith Hansen is the new World Bank Country Director for Kenya, Rwanda, Somalia, and Uganda effective September 8, 2020. He will be based in Nairobi. He takes over from Carlos Felipe Jaramillo who was appointed as the Vice President for Latin America and the Caribbean region. He is is a senior adviser for the World Bank. He was previously the Vice President for Human Development, overseeing the Global Practices for education; health, nutrition, and population; and social protection and labor. Mr. Hansen also served as acting vice president for the World Bank’s Human Development Network. He was the human…