BUSINESS NEWS
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Safaricom has signed a payments deal with United States financial services company Western Union.
The deal will allow MPesa users to send and receive cash at any Western Union outlets across the globe.
Under the agreement, MPesa customers will be able to transact up to Sh140,000 per day through…
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Kenya's Immigration Department's website (www.immigration.go.ke) is among several government websites that have been shutdown by Microsoft over alleged unsettled debts.
Other ministries affected by the shutdown include Ministry of Lands, Labour, Energy, Mining and Petroleum, and Ministry of East…
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British Broadcasting Corporation (BBC) has officially launched its East African Bureau in Nairobi.
The bureau is the largest BBC studio outside the United Kingdom and will double up as the company's Africa headquarters.
300 out of the 600 BBC journalists working in the continent will be based in…
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Kenya's leading mobile service provider Safaricom is set to launch an overdraft facility for its Mpesa customers.
Dubbed Fuliza, the facility will allow Mpesa users to send money or pay for goods and services even when they have insufficient funds in their accounts.
Safaricom Chief Executive…
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Safaricom has announced a Sh31.5 billion net profit in the half-year ending September 30th, 2018.
M-Pesa revenues grew by 18.2 percent, raking in Sh35.5 billion while mobile data revenues hit Sh19.45 billion, a 10.2 percent increase.
Safaricom Chairman Nicholas Ng’ang’a however says there is…
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President Kenyatta's administration is set to sell 26 state-owned companies in order to raise funds for the current budget.
The Star reports that the move has already received approval from the Kenya's Privatisation Commission.
The commission, under the Privatisation Act, 2005 will sell 26 poorly…
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The government has suspended the ban imposed on the importation of Chinese fish into the country.
Susan Imende, the Director-General of the Kenya Fisheries Service says the ban that was scheduled to take effect on January 1st, 2019 has temporarily been put on hold to pave way for further…
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China has withdrawn its earlier threat of engaging in a “trade war” with Kenya over the government's decision to impose a ban on Chinese fish.
On Tuesday, Chinese Ambassador to Kenya Li Xuhang warned that his country could impose trade sanctions on Kenya for imposing a ban on Chinese fish in the…
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Uganda has refuted reports that it has pulled out of the deal for the construction of a Standard Gauge Railway (SGR) line linking the country with Kenya.
Monica Azuba, Uganda's Minister of Works and Transport, says her country is on track and will not cancel plans to connect the region through a…
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Kenya's giant mobile service provider Safaricom has been slapped with a fine of nearly 300 million shillings for poor quality services in 2017
In the latest sustainability report, Safaricom says it paid a fine of Sh293 million for failing to meet a number of quality of service tests by the…
