Market News


MasterCard Names New Middle East and Africa President
mastercard
MasterCard today announced a series of Middle East and Africa leadership changes, effective January 1, 2016. Raghu Malhotra has been appointed president, Middle ...

Ten Banks Offering Real Time Fund Settlement for M-Pesa Merchants
financial-services
Safaricom has partnered with eight more financial institutions to enable businesses which use Lipa Na M-PESA to transfer funds from their Lipa ...

Safaricom’s M-Pesa Wins Two International Awards
m-pesa
Safaricom’s mobile-money solution, M-PESA, has received two international accolades at the Emerging Payments Awards 2015 ceremony held last week in London. M-PESA ...

Nestlé Launches Education Scholarships for Rural Coffee Farmers
nestle
Nestle, Vevey, Switzerland has launched a US$33,500 (Ksh3.3 million) scholarship programme aimed at improving the level of education in eight coffee ...

AU Chairperson Visits Huawei’s Beijing Research Center
Africa Economy
On November 1, Dr. Nkosazana Dlamini Zuma, Chairperson of the African Union, visited the exhibition hall of Huawei's Beijing Research Center during ...

OLX Revamps Its Mobile App for A Better User Experience
OLX-Kenya
OLX has launched a new app that will enable its users to experience a more secure, friendly and an easy to use ...

EABL Warehouse Cuts Distribution Costs by KES 502m
East African Breweries Posts HY KSh 4.95 Billion in Profit-after-tax
East African Breweries Limited’s (EABL) distribution costs for the year to June dropped by KES502 million after the regional brewer set up ...

Kenya Power Posts 11.2% Rise in Pre-tax Profits
kenya-power
The market showed a slight decline in today’s trading session, with the NSE-20 Share index waning 0.39% to close at 3868....

Chase Bank Partners with Safaricom in Mobile2Bank Service
Chase-Bank
Chase bank has partnered with Safaricom to enhance its mobile money transactions and help their customers conduct business more efficiently. The platform ...

KRA Misses Tax Collection Target by 28 Bn Shillings
kenya-revenue-authority
The Kenya Revenue Authority has missed on its first quarter revenue target by 28 billion shillings according to the Kenya Revenue Authority ...