Safaricom to retain control of Ethiopia unit

Nairobi, May 22 -- The International Finance Corporation (IFC) will get under 10 percent stake in Safaricom Ethiopia on its planned $257 million (Sh35.3 billion) cash injection that has been split bet... Read More

Safaricom eyes return of interest-free loans for shopping

Nairobi, May 15 -- Safaricom is working on the return of a zero-interest credit service for the purchase of goods that was last year blocked by the Central Bank of Kenya (CBK) hours before the launch.... Read More

StanChart pays Sh2.5 billion loan

Nairobi, May 15 -- Standard Chartered Bank of Kenya has disclosed that it last year paid $20 million (Sh2.48 billion), being part of loans it had tapped from its parent firm, Standard Chartered Plc. ... Read More

M-Pesa deepens share in Safaricom revenue as voice stutters

Nairobi, May 12 -- The share of M-Pesa in Safaricom mobile service revenue has deepened to 41.5 percent as earnings from voice and text messaging came under pressure from applications such as WhatsApp... Read More

Family Bank eyes Sh13bn to fund new acquisitions

Nairobi, May 11 -- Family Bank is eying up to $100 million (Sh13.7 billion) through private placement to fund acquisitions in Kenya and Eastern or Central Africa in the race to tier I status. Family ... Read More

NSE sinks to 10-year low as bank profits, dividends rise

Nairobi, May 9 -- Share prices of Safaricom and top banks including Equity and KCB have witnessed a sustained drop in prices despite record profit and dividends, pulling the combined wealth of Nairobi... Read More

KCB Group now corrects NSSF shareholding

Nairobi, May 9 -- KCB Group has corrected its shareholding structure and dropped the previous filings that had shown that the National Social Security Fund (NSSF) sold Sh837.2 million worth of shares ... Read More

Fixed income lifts pension schemes return in Q1

Nairobi, May 8 -- Pension schemes posted positive returns in the first quarter of the year on increased yields from fixed income to emerge from the negative returns they had booked in the correspondin... Read More

I&M's Rwanda unit loses Sh1.4 billion to fraudsters

Nairobi, May 8 -- I&M Bank Rwanda unit lost $10.3 million (Sh1.41 billion) to fraudulent customer withdrawals in under three months, triggering investigations in an attempt to recover the amount. The... Read More

Cost of sending mobile cash up, bank transfers to fall

Nairobi, May 4 -- The cost of sending money through mobile services such as Safaricom's M-Pesa looks set to increase while charges for bank transfers are expected to fall with a review of taxes. The ... Read More