Family Bank customers and non-customers will now access instant loans and also set investment goals for periods between 3 to 12 months, earning attractive interest thanks to a revamped PesaPap. With the bank’s bosses referring to the upgraded app simply as Pesa bila stress, the full-service mobile banking application also allows consumers access to instant loan disbursements and repayments, as well as vanilla banking services such as funds transfer to accounts and mobile money wallets, bill payments, airtime purchase, scheduled payments, PesaLink, amongst others. During the launch of the fresh application in August, Family Bank’s managing director and CEO Dr David Thuku said that the revamped banking…
Author: NBM CORRESPONDENT
Hapag-Lloyd, one of the world’s largest container carrier in terms of vessel capacity, announced its plans to continue growing its import and export by handling more massive investments in the east African region, which it believes has a great potential. The multinational German-based logistics company launched the East Africa Service (EAS), which is the first in the region, in April. The weekly service move from Jeddah, Saudi Arabia to Mombasa and Dar es Salaam in Tanzania, and then directly back to Jeddah. The company is connecting the region to markets in the Far East, Europe, North America, Middle East and…
Equity Group Holdings has officially launched its fintech subsidiary, Finserve to start operating as an autonomous commercial enterprise. The firm, which has been active for the last three years under Equity will now operate on its own. Now the firm which has revolutionized the banking and financial sector with innovations such as Equity Bank’s Equitel, the Group’s Mobile Virtual Network Operator (MVNO) and the Eazzy app will not only deliver solutions to Equity Group but to the entire economy. This signals great things for the future, as it will be defined by disruptive innovation. “Finserve will now be an independent…
The Cape Town International Film Market and Festival (CTIFMF) will take place from October 9th -19th 2018. While the festival promises to be a feast of film screenings designed to celebrate the best in regional and international cinema, the Market program, taking place from the 10th to the 13th is squarely focused on providing tangible opportunities for filmmakers from across Africa. In order to focus strongly on content, CTIFMF has developed a program that aims to raise the bar for African films in terms of quality and innovation. The CTIFMF will run a Works in Progress program that will see a maximum of six…
When the Alfa Romeo Owners Club received a flood of car and motorcycle entries from Uganda for the CBA Africa Concours d’Elegance scheduled for September 30th at the Nairobi Racecourse, there was every indication that the event will have a full field of cars and motorcycles. A total of 9 cars and 19 motorcycles will be brought from Kampala to Nairobi to contest the classiest event on the Kenya motor sport calendar. The annual Concours gives the owners of well-kept cars and bikes the opportunity to have them assessed by highly experienced judges while showcasing them to the motor enthusiasts…
The Capital Markets Authority (CMA) has been feted as the “Most Innovative Capital Markets Regulator in Africa 2018” by the International Finance Magazine in recognition of its on-going efforts to facilitate innovations in the capital market in Kenya. The award adds to the various efforts like leveraging technology to drive efficiency in the capital markets value chain that the Authority hope will re-energize the markets. “The Authority is pleased to receive this recognition for the third consecutive year since 2016 from this respected publication and for the fourth year in a row from multiple market performance evaluators. This validation is…
DT Dobie recently hosted technicians from Burundi, Nigeria, Tanzania, Uganda and Kenya for an extensive two week international training course that covered the new Mercedes Benz Actros trucks at the Company’s technical training centre and workshop on Lusaka road, Nairobi. Carried out by Michael Rattat and Roland Hils from Mercedes Benz Global Training in Germany, the technicians who benefited from the programme are expected to share the know-how acquired from the course with their colleagues in their workplaces. Arnold Temba, a technician at DT Dobie said that at a time when technology keeps evolving and vehicles become more advanced, “diagnosis…
Busy Boda, a new motorcycle hailing startup has launched in Nairobi with the intent of bringing order to the informal sector by primarily focusing on changing the outlook of boda-boda riders into digital entrepreneurs. The startup which is the brainchild of 20 and 22 year-old siblings Atharva Tembhekar and Vaidehi Tembhekar plans on bringing competition for other established services such Taxify Boda, Sendy, Safeboda and the soon to be launched Uber Bike. The startup, which uses an application with a similar name, will focus on both passenger and courier services. Apart from using the app to get a ride, one…
By David Wanjala It was in 2013 when Value Added Tax (VAT) on petrol, diesel, kerosene, and jet fuel was first agreed thanks to a deal between Government and the International Monetary Fund (IMF). It was to come into effect after a grace period of three years, which would have been in 2016. It was however postponed to September 2018 and it was to take effect as from September 1. The uncertainty of its implications was already beginning to manifest, especially with the impending hike on commuter fares. Were the move to take effect as scheduled, economic analysts had already warned,…
BY DAVID WANJALA He speaks softly and pauses to listen whenever he is interjected, qualities those encountering him for the first time may mistake for weakness. Professor Kivutha Kibwana listens more than he speaks. And he lends an ear to just about everyone and everything, picking along the way valuable lessons and insights that a majority, especially those in his academic and political class would have no patience for. Behind the façade lies a meticulous, unassuming human being who hardened in the trenches of the struggle for multiparty democracy in the 1980s and 90s against former President Moi’s strongman regime.…