Kenya cuts lending rate to 11.75%, urges banks to reduce interest rates
The Central Bank of Kenya (CBK) has slashed interest rates by 75 basis points to 11.75% and is…
Premier Bank, Mastercard launch Shari’ah compliant payment solutions in Kenya
The cards align with Islamic values and provide financial services for individuals and businesses.
Microsoft, NVIDIA, eyes AI innovation among startups in Africa
This initiative marks a strategic step in advancing Africa’s AI landscape by addressing funding gaps, mentorship, and market access for startups while fostering collaborative synergies.
Old Mutual introduces monthly payment plan for insurance
Old Mutual General Insurance Kenya (OMGIK) has introduced a Monthly Premium Plan to offer Kenyans a more flexible…
MTN Rwands, Mastercard introduce virtual cards to MoMo customers
Mobile Money Rwanda Limited (MoMo Rwanda) and Mastercard have introduced the Virtual Card by MoMo, a payment solution…
Fintech corporation Sochitel Group expands into East Africa
Sochitel Group has introduced its e-voucher solution to East Africa to simplify transactions and promote financial inclusion. The…
Moja Expressway adds Airtel Money channel for toll charges
Kenyans will now be able to pay for Nairobi’s expressway via their Airtel Money accounts, the telco said…
iHub, Mastercard Foundation open third cohort for edtech startups
The fellowship, designed to support edtech startups, focuses on improving educational outcomes through innovative technologies.
Uber Eats awards 2024 merchants in hospitality
Uber Eats celebrated the success of its merchants in Kenya last week through the 2024 Merchant Awards.
Kenya restores Telegram access after secondary school national exams end
Kenya has restored access to Telegram, a month after directing mobile operators to block the chat platform due…