The Kenya Bankers Association through its subsidiary company, Integrated Payments Services Limited (IPSL), recently launched a Real-Time Interbank Switch that will give the Telcos a run for their money in the mobile money sector. In charge of handling this new platform that is aimed at offering users more integration by making transactions between banks easy, secure and efficient, is one Jennifer Theuri. Just recently appointed as the chief executive officer of IPSL, Ms Theuri brings to the table over 25 years of hands-on experience in the ever-changing financial sector, being not only a technology expert but also a career banker.…
Author: Editor
The QYOU, the world’s leading curator of Internet video for the ‘TV Everywhere’ market, has partnered with South African subscription-video-on-demand (SVOD) service, ShowMax, to curate a series of shows in East Africa. The deal signifies The QYOU’s further expansion into the African market and demonstrates viewers’ growing appetite for online video content globally. ShowMax is owned by Naspers, a global Internet and entertainment group. With demand for its service growing, ShowMax expanded its online TV service in 36 countries across the continent in May last year. ShowMax has now selected The QYOU to increase its reach among millennial audiences through the…
Mastercard has commited to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution was introduced through various financial institutions and other partners in the market from February. Delivering efficient, secure and cost effective acceptance solutions to Kenyan MSMEs is an essential step to providing the level of support required to grow and develop their businesses. With at least 80% of the country›s most critical jobs created by MSMs, according to Kenya’s Micro and Small Enterprises Authority, it is vital to introduce solutions that drive…
Those who have been there and have done it argue that for one reason or another, there is no harm starting a small business and growing it big over time. It could be about phone wallets, denim shirts, shoes, cutlery or even a tiny spare parts shop. Go for one that is right for you so that you don’t blow your money by settling for a wrong venture. At the end of it all things work out, not necessarily the way you imagined, but things eventually begin to click. It is because of this that in October last year, Linnet…
Sciences Po Executive Education, in partnership with the French Development Agency, the University of Cape Town, the Higher Institute of Management in Dakar and the AfricaFrance Foundation, has announced the start of the second LeAD (Leaders for Africa’s Development) Campus course on 2 April. The Sciences Po Executive Education is seeking for 30 participants reflexive of the excellence and socio-professional diversity of leaders in Africa to take part in the second LeAD Campus course. Entrepreneurs, managers at multinationals/SMEs, social business pioneers, and public-sector and association managers will join together to develop a vision and projects for Africa’s future. The inaugural…
The market and technology leader for integrated accounting, payroll & HR, and payment systems’ enterprise fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls. Every day, across Africa inspiring non-profit leaders, volunteers and their supporters are working tirelessly to make their communities better places to live. Sage Foundation’s Enterprise Fund has been designed to support those organisations generate further income, create new initiatives or enhance existing and proven activity. The $1 million will be split between two rounds of $500,000; with the second round ready…
The planned roll out of Kenya’s new education system in May 2017 will herald a new era of highly skilled and youthful workforce that is suitably equipped to support their own survival and prosperity as well as anchor a consistent growth for the economy, Vision 2030 Delivery Secretariat director general, Dr Julius Muia has said, adding that the implementation of the reforms will accelerate the Government’s efforts of transforming Kenya into a knowledge-based, upper middle-income and industrialized nation. He said that the ongoing roll out of digital learning devices to primary school pupils and focused attention on vocational training institutions, that includes…
To mark the Aviation Africa 2017, Jumia Trave has announced the launch of flight services for both local and international travelers across the world. The announcement came as top aviation sector stakeholders and decision makers from different frontiers assembled in a two-day summit, at the Radisson Blu and Convention Center – Kigali, to examine internal and external aspects, challenges and opportunities in the African Aviation space. “Just like accommodation, transport is an integral component of the travel and tourism industry, and therefore acts as a boost to customer convenience to have both services under the same ecosystem. This is part…
The Central Bank of Kenya (CBK) has won Central Banking’s Website of the Year Award following the recent redesign of its website. The annual award recognizes a central bank’s website that encompasses true accessibility to information and data for a range of stakeholders. Previous winners of this award include the European Central Bank (ECB) in 2016 and the Bank of Canada in 2015. In considering CBK for the award, the Awards Committee was highly impressed by the redesign of the website in time for CBK’s 50th anniversary celebrations and noted that it caters much more to the demands of mobile…
The Capital Markets Authority (CMA) has granted approval for the listing of the first Exchange Traded Fund (ETF) in Kenya, to be issued by NewGold Issuer (RF) Limited which is incorporated in South Africa and will issue and list 400,000 Gold Bullion Debentures as a secondary listing on the Nairobi Securities Exchange (NSE) main investment market segment. The value of NewGold ETF tracks the price of gold. The listing price of the ETF will be determined on the listing date based on the real time cash market values of the gold price and the real time price of the Kenya…