Kenyan banks to migrate to EMV Chip cards

The effort by card industry stakeholders pushing the adoption of EMV Chip and PIN cards by Kenya banks has received a boost after Kenya Bankers Association (KBA) which had earlier issued a guideline for compliance to the standard for ATMs, supported the campaign urging banks to also issue consumers with EMV Chip and PIN cards. 14 May 2013 13:31

Gulf African Bank signs KSh100 million deal with AGF

Kenya's first and largest Islamic bank Gulf African Bank, has signed a KSh100 million agreement with the African Guarantee Fund to support lending to Small and Medium-sized Enterprises in the country. 29 Apr 2013 11:58

From just a dollar, Kenya's cellphone bank gives loans

Six months ago, Jane Adhiambo Achieng walked into a local Kenyan bank with the hope of getting a loan for her small grocery business. 29 Apr 2013 10:55

KCB, Western Union launch ABMT service in Kenya

Western Union, a global payment service, and KCB Group, East Africa's indigenous bank, announced the launch of Account Based Money Transfer service (ABMT) for its customers in Kenya and the region allowing them to receive and send money from more than 200 countries around the world. 24 Apr 2013 11:06

PesaPoint welcomes KBA guidelines

PesaPoint Limited on Friday, 5 April 2013, clarified that its fleet of ATMs deployed across the country have been EMV-Chip compliant for over three years now. The payment networks company said its focus was now upgrading the agency banking network which serves over 30 banks to be in compliance with the standard. 8 Apr 2013 10:19

IFC invests in Gulf African Bank

Gulf African Bank and International Finance Corporation (IFC), today, Thursday 28 March 2013 announced a partnership which will see IFC join the bank as an equity partner. 28 Mar 2013 11:07

Good news from Regus for Kenyan exporters

Regus, the global provider of flexible workplaces, has good news for export-focused East African companies. Latest research by the provider which Nairobi West Midlands Museum Hill's centre celebrated its 5th anniversary last April 2012, gives the thumbs-up to outwardly focused business strategies and suggests that Kenyan companies with links to China and other BRIC nations are particularly well positioned. 25 Feb 2013 10:18

A mobile Africa: innovation is key

[Dr KF Lai] 2012 saw the BuzzCity network grow by 67% with over 210.8 billion ads served across the globe and this extensive growth in mobile usage is certain to continue as we move through 2013. 21 Feb 2013 11:07

[2013 trends] Africa poised for a great future

[Nandkishor Buty] As 2013 commences, afro-pessimism seems to cede to afro-optimism. There is a global consensus: Africa is poised for a great future. What will be the impact of Africa's growth on our industry? What will be the major trends of the year? In the business world, predicting the future is a crucial exercise. 30 Jan 2013 12:39

Business owner wins Ksh5m in EABL promotion

East African Breweries Limited (EABL) on Monday, 28 January 2013, held a draw in which a local pub won Ksh5m in the Timaam Local bar promotion. A proud Boniface Munywoki of Black Havana Pub in Huruma, Eastlands, Nairobi county could not hide his delight on receiving a call to declare him the winner. 30 Jan 2013 10:21

[2013 trends] Africa finding its own solutions using mobile tech

[Dr KF Lai] There are several key trends that will present themselves in 2013. From m-payments to HIV/AIDS prevention, emerging markets are leading the way when it comes to innovative uses of mobile technology. Marketers, too, are seeing their roles and responsibilities expand. 25 Jan 2013 10:57

[2013 trends] Mobile money to give SoLoMo a kick in the pants?

[Vanessa Clark] SoLoMo: the glorious intersection of social, location and mobile that was going to superpower hyperlocal search and prove to be the holy grail, allowing retailers and other businesses to attract an army of smartphone-wielding customers. Pretty exciting stuff, especially during an economic downturn, right? In my opinion, quite the contrary. 23 Jan 2013 11:54

Windows Phone apps stores open across Africa

Microsoft has announced the opening of 21 web stores for apps and games across several African countries. 18 Dec 2012 12:19

Shopping complex rewards Kenyan shoppers with Z-Card

The Village Market, a shopping and recreation complex in Nairobi, recently selected a Z-Card to target its loyalty shoppers and generate awareness around its Bonus Card reward programme. 14 Nov 2012 10:40