Author: Khusoko

Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.

Mose Fan Fan (Mose Se Sengo), a highly influential guitarist, composer, and bandleader from the Democratic Republic of Congo, died on May 3, 2019, at 75. According to his producer, Tabu Osusa, he passed away upon arrival at a Kasarani hospital in Nairobi, Kenya. Born on October 16, 1945, in Kinshasa, then Léopoldville, Belgian Congo (later Zaire, now DRC), Mose Se Sengo began his musical journey during his time at a boarding school in Kinanga. Upon his return to Kinshasa, he played as a featured guitarist in Rickem Jazz and then Revolution, performing primarily in low-key evening settings. His talent…

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The Kenya Bankers Association and players in the payment service industry on Friday launched the 2019 edition of the bi-annual card, mobile and online safety awareness campaign to empower customers to protect themselves from fraud-related risks. The campaign dubbed “Kaa Chonjo!” will seek to empower consumers with information on secure ways of using payment platforms and transaction channels. Themed ‘Promoting Financial Technology Innovation and Security’, the public sensitization exercise has been organised by Kenya Bankers Association in collaboration with Visa, RetailTrade Association of Kenya (RETRAK), Mastercard, mobile operator Airtel, PesaLink,Consumer Grassroots Association (CGA), with support from KBA’s member banks’ networks…

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Bob Collymore, Safaricom’s chief executive has said, M-Pesa 1 Tap, a service that was expected to make it easier to make payments using the Lipa Na M-Pesa service, ‘was not a great idea after all’. The M-PESA 1 Tap service also aimed to increase the accuracy and privacy of Lipa Na M-PESA by ensuring that payments are delivered to a matching merchant when it was introduced to Nairobi, Mombasa, Kisumu, Eldoret and Nyeri in 2017. However, Bob Collymore has finally admitted that “M-Pesa 1-Tap was my idea, and I thought it was a great idea but it turned out it…

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The Betting Control and Licensing Board has banned advertising and gambling on all social media platforms. In a directive issued on April 30, signed by the Acting Director Liti Wambua, the board has also banned outdoor and online advertising of gambling, as well as the advertising of the same between 6 am and 10 pm. “It has further been decided that any form of advertisement of gambling must be approved and such an advertisement must contain a warning message about the consequences of gambling including its addictiveness,” said Liti Wambua. “The warning message must constitute a third of the actual…

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Safaricom (NSE: SCOM) customers are set to enjoy double talk-time to all networks over the next three months. The offer will be available to all 30 million customers through the Tunukiwa Service by dialing *444*0# after which they can purchase an offer to double their airtime. Customers will have a choice in selecting the validity period of the airtime between 24 hours, 3 days, 7 days and 30 days based on their needs. The airtime will be applicable for calls across all networks, SMS and data consumed out of bundles. To view their balance, customers can dial *444# and select…

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Kenya’s inflation in April soared to 6.58% in April attributed to increasing food prices by the statistics body. “Sifted maize flour, kales, potatoes, loose maize grains and flour and tomatoes recorded increases of 29.82, 25.30, 19.2726.1415.90 and 15.31 respectively, in April compared to March 2019,’’ said the Kenya National Bureau of Statistics (KNBS) on Tuesday. “These six items alone account for 6.25% of the CPI weight. However, prices of sugar and some other food items were observed to be lower in April 2019 than in March 2019,” it added. This is a 2.13% rise compared to 4.35% reported in March.

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