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Kenya’s Safaricom’s overdraft service exceeds expectations- Collymore

Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones. FILE PHOTO | NMG  Kenya’s biggest telecoms operator,...

Siemens, Alstom merger raise doubts

Confidence that the merger of their rail businesses would be waved through by the European Commission was ebbing at siems and Alstom

Imperial depositors lose two-year fight for payout

Imperial Bank branch in Mombasa after its collapse. FILE PHOTO | NMG  Imperial Bank depositors who moved to court two years ago seeking orders compelling the collapsed bank's receiver to...

M-Pesa Fuliza lends Sh1b to customers within 8 days after launch

Safaricom Chief Executive Bob Collymore said users can draw down the overdraft facility until they reach their limit which is determined by an algorithm. NAIROBI, Kenya, Jan 18 – A new feature...

Safaricom’s overdraft service exceeds expectations -CEO

Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days

Chandaria firm faces Sh6bn bank loans auction

Industrialist Manu Chandaria. PHOTO | FILE | NMG  Kaluworks Limited, a manufacturing firm that is part of billionaire Manu Chandaria’s Comcraft Group, is facing the auctioneer’s...

New code to cushion suppliers

Traders who unjustifiably hold suppliers payments risk a Sh 10 million penalty or a five year jail term, according to a new retail code of conduct. Termination of a commercial agreement without...

Law enforcers look away as charcoal traders make a kill

Riders ferrying bags of charcoal easily pass police road blocks while traders openly display product along the road.

Safaricom’s overdraft service exceeds expectations – Collymore

Safaricom notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO’s expectations, he said on Thursday. Started 11 years ago as a...

GEMS to invest Sh2bn to expand Kenyan unit

Education group GEMS plans to put up five middle-range schools in Nairobi at a cost of $20 million (Sh2 billion) in an expansion drive. The group that already runs the GEMS Cambridge International...

NLC yet to pay Sh4b SGR land

Commission wants judge to rescind order stopping compensation.

Suppliers set to get prompt payments

Deal follows the signing of an MoU to end delays that have seen some businesses close down.

US court delays Akasha brothers drug suit verdict

Baktash Akasha. FILE PHOTO | NMG  The US federal judge presiding over the drug-trafficking case of Baktash and Ibrahim Akasha has rescheduled the brothers' sentencing date to March...

KQ set for daily flights to Seychelles

KQ currently flies to Sychelles five times a week.

First NYS graft suspect jailed for tender fraud

Selisio Karanja is escorted out of court January 17, 2019. PHOTO | DENNIS ONSONGO  The court has ordered a suspect in the 2015 National Youth Service scandal to pay Sh4 million fine or...

Mumias Sugar to retrench 900 employees as CEO suspended

Miller's chairman says layoffs expected next month meant to cut wage bill, but gives no details on boss' suspension.

French lender pumps Sh150m into Safaricom-backed M-Tiba

Health financing technology firm CarePay will repay the Sh150 million loan without interest if the venture becomes profitable. FILE PHOTO | NMG  The French Development Agency (AFD) has...

Why most bank customers prefer tellers over machines

8 of 10 Kenyans prefer consulting a human being rather than robots, chat-bots and other Artificial Intelligence models of customer service.

Burger King to open fifth store in Lavington as competition rises

A Burger King store. FILE PHOTO | NMG  Fast food franchise Burger King is set to open a new branch in Lavington in a few months, increasing the store count in Kenya to five.The eatery...

Local company eyes deal with Government for housing plan

Optiven Group has set aside millions to partner with the government in providing affordable housing.

Kwale titanium firm says Kenya owes Sh2.4 billion VAT refunds

Mr Simon Wall: We are in talks with the KRA. FILE PHOTO | NMG  Australian multinational Base Titanium Company is claiming Sh2.4 billion in value added tax (VAT) refunds from the...

Supermarkets face heavy penalties under new rules

Fred Aminga @faminga Retailers will now be required to pay suppliers within a specific number of days with those who fail to do so facing penalties following the official launch of a Retail Code...

After KCSE, JKUAT NCBD offers courses of your choice

As a form four leaver,with grades above or below C+, you can apply for a course of your choice at JKUAT NCBD

Suppliers won’t pay for mart display under new code

A shopper picks up items at supermarket in Nairobi. FILE PHOTO | NMG  Supermarkets will no longer be allowed to make suppliers pay in order for their goods to be displayed prominently on...

Plan to pay big millers under fire

United Grain Millers Association wants the Government to suspend  planned sale of 1.7 million 90kg bags of maize to eight large-scale grain processors. The association, which champions the...

Daily flights to Seychelles by KQ set for February 6

Effective February 6, 2019, Kenya Airways will introduce additional flights to the idyllic Indian Ocean island nation of Seychelles on a daily basis.

Sanlam rules out jobs cut on Saham tie-up

Guests follows proceedings during signing of a deal between Sanlam and a local bank. FILE PHOTO | NMG  Sanlam Kenya #ticker:PAFR says no jobs will be lost as it moves to merge with...

Base Titanium in expansion bid as Kwale mine-life nears end

Base Titanium in expansion bid. Martin Mwita @PeopleDailyKe Australian mining company-Base Titanium is considering expansion of its  exploration activities in Kwale as the current...

Nineteen people still missing after hotel complex attack

Nineteen people remain unaccounted for two days after Somali militants attacked a hotel complex

Dusit says 4 staff members killed in terror attack on the hotel

DusitD2 Hotel Nairobi General Manager Michael Metaxas. PHOTO | FRANCIS NDERITU | NMG  The Management of DusitD2 Hotel has said it lost four members of staff in the terror attack at the...
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Four years on: The day Kenya’s brave school children were teargassed but prevailed against land grabbers

It is exactly four years today since the anti-riot police lobbed tear gas canisters at Lang'ata primary school pupils and activists protesting against the...

Officers on the hunt for fugitive wife of slain Dusit terrorist

Police have trained their guns on one woman believed to have been at the centre of the Tuesday terror attack at the...

Tax cuts begin in 12 days as power bill refund starts

A Kenya Power technician. FILE PHOTO | NMG  Manufacturers are set to start paying reduced...

Paul Muite Identifies Loophole for Terrorists in New Directive

Senior Counsel Paul Muite, on Saturday, chimed on the debate to arm private guards as announced by Private Security Regulatory CEO Fazul Mohamed. Taking to his...

Ojaamong hails change of guard at the Council of Governors

Busia Governor Sospeter Ojaamong has hailed the change of guard at the Council of Governors saying it was a plus to devolution.   Ojaamoong says the...

Serena consoles Ukrainian teen after sailing into last 16

Serena Williams powered into the fourth round of the Australian Open on Saturday with a 6-2 6-1 demolition of Dayana Yastremska then consoled the...
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