Equity Bank Records a 22 per cent increase in Profits after Tax in Q1 2018

Equity Group Holdings Plc has once again recorded and increase in profits despite the upheavals of the interest rate cap regime. The lending behemoth has reported a 22 per cent increase in profit after tax in the first quarter of 2018 financial year. The profits have risen from Ksh 4.9 billion in Q1 2017 to

Zee Entertainment launches its first Content Showcase for Pay TV channels in Kenya

Indian based entertainment company Zee entertainment launched its first content showcase in Africa. Zee entertainment has 80 channels with 40 of them available only in India and the rest in the world. In Africa, Zee entertainment offers 12 channels 10 of which are available in Kenya sampling the best of Bollywood. The company has spiced

Safaricom defies all odds to survive as the market leader

Safaricom PLC has today announced their results for the year ended in March 31st 2018. Total revenues jumped 9.8 per cent from Ksh 212 Bn in 2017 to Ksh 233.7 Bn. Earnings before interest and taxes (EBIT) increased by 12.6per cent from Ksh 70.38bn to Ksh 79.27bn for the year ended 31 March 2018. Excluding

Singapore based Fintech company Finterra launch their services in Kenya

Finterra has launched Fintech services in Kenya today inspired by the inspired our entry to the Kenyan market where we noticed increased interest and uses cases in sectors that would benefit from the blockchain technology. Kenya is the first country in Africa to set shop in. Finterra’s motivation to launch their services here in Kenya

OPPO unveils 6.2 inch Selfie Expert F7 with first of its kind 25 megapixel AI Camera

Selfie Expert Leader, OPPO Mobile has launched one of its latest smartphones, OPPO F7 that is powered by a 25MP Selfie camera which is supported by Artificial Intelligence (A.I), the second iteration technology. With a Full HD plus 6.23 Inch, Super Screen design, which is one of the largest mobile manufactured screens in the market,

Kenyan goods denied entry into Tanzania

Tanzanian Authorities’ refusal to comply with the EAC Preferential Treatment Code has barred Kenyan goods from accessing the Tanzanian market. The Authorities are demanding for full Common External Tariff (CET) duties of 25 per cent on Kenya originating products instead of the free access granted to products that meet the EAC origin criteria. The affected

Kenyan Land Market Surges Despite Double Brakes on Election and Tight Finance

The 2018 East Africa Property Investment (EAPI) Summit today unveiled the new Hass County Land Prices Report as well as the launch of a two day conference of intensive sessions on the regional real estate industry’s most pressing challenges, and greatest opportunities. The summit reported that county land prices had risen by an average 7.37

Tala expands operations with Ksh 6.5 billion in financing

Tala, a leader in mobile-first financial services for underserved consumers, has announced a Ksh 6.5billion (US$65 million) in new investment to power the growth of its consumer lending app. Tala operates in Kenya, Tanzania, and the Philippines, where it has delivered credit to nearly 1.3 million customers and originated more than $300 million. The company

Hard times lie ahead of insurance brokers after implementation of IFRS 17

The Insurance industry in Kenya has had a penetration and uptake of 3 per cent according to a report released by the Association of Kenya Insurance (AKI) in 2017. Tis mean that insurers have been leaving out 97 per cent of the Kenyan population. The industry expects a great disruption from 1 January, 2021. This

Think Business Banking Awards

KRA nominated for top global customer service award

The Kenya Revenue Authority (KRA) has been selected as one of the 39 global and only African finalist for the prestigious Oracle CX Excellence Awards to be announced this tomorrow in Chicago, USA. The taxman has been nominated as a finalist in the Modern Customer Experience Award. This award recognizes the organization that delivers an