Articles Posted in the " News " Category

  • Mobile payments in Kenya hits new heights

    By Titus Mbithi More than a third of the money sent through mobile phones between October and December last year went into paying for goods and services, official data shows. Statistics by Communications Authority of Kenya indicate Sh102.46 billion – 35.25 per cent of the Sh290.61 billion worth of 122.34 million mobile money transfers – […]


  • Mobile credit reference service provides unique service to customers

    Global credit reference solution provider TransUnion launched a mobile-based credit reference service that enables Kenyans to conveniently access their credit information. TransUnion Nipashe is an SMS short code platform that provides consumers with accurate, up-to-date information about their credit rating. The mobile credit reference service comes against the backdrop of a rapidly growing micro-lending disbursed […]


  • CBK sets aside funds to keep financial institutions afloat

    By Titus Mbithi Central Bank of Kenya announced an emergency bailout fund for banks in a strong push to calm the market and restore confidence in the banking sector. While acknowledging that the recent closure of Chase Bank had triggered panic withdrawals, especially from small banks, Dr Patrick Njoroge, the CBK governor, said the bailout […]


  • National ICT masterplan launched. kenya

    Two major factors play into Kenya’s economic situation – wealth disparity and a lack of economic growth. Currently, the richest 10 percent of the Kenyan population controls almost half of the nation’s wealth while the poorest 10 percent hold less than 1 percent. The continuous extraction of resources from the poor to the rich perpetuates […]


  • Microfinance and Micro-entereprise in Kenya.

      Two major factors play into Kenya’s economic situation – wealth disparity and a lack of economic growth. Currently, the richest 10 percent of the Kenyan population controls almost half of the nation’s wealth while the poorest 10 percent hold less than 1 percent. The continuous extraction of resources from the poor to the rich […]