Author: David Indeje

Theresa May has announced she will step down as Conservative Party leader on June 7 citing her failure deliver effectively on the result of the Brexit referendum. “I negotiated the terms of our exit and a new relationship with our closest neighbours that protects jobs, our security and our Union. I have done everything I can to convince MPs to back that deal. Sadly, I have not been able to do so. I tried three times. “I believe it was right to persevere, even when the odds against success seemed high. But it is now clear to me that it…

Facebook has released its latest community standards enforcement report tracking its progress and demonstrating its continued commitment to making the platform safe and inclusive. In the first quarter of the year, Facebook found and removed 2.19 billion fake accounts. “We’ve seen a steep increase in the creation of abusive, fake accounts on Facebook in the last six months,” the company said adding that “We catch most of these accounts within minutes of registration. However, automated attacks have resulted in more of these accounts making it past our initial detection.” Facebook estimates that fake accounts represented approximately 5% of its  worldwide…

The chief executive of Safaricom, Bob Collymore might have had a premonition that his tenure would be extended. On Thursday,  he told reporters that he was there to stay until 2020. But how? Collymore might have given a hint when the telco announced its 2019 Full Year Results in May when he spoke about 5G networks as the next generation of mobile internet connectivity. He said the telco would go into 5 G but not in 2019, “But, do not expect me to stand here next year and talk about 5G,” he said amidst laughter from the audience who were…

Safaricom chief executive officer Bob Collymore has had his contract extended for another one year, till 2020. Bob will remain as Safaricom boss until August 2020 to compensate time spent while he was away on sick leave. His was to end his tenure in August citing health reasons. “I am not going anywhere. I will be here for another one year till 2020,” said Bob at the sidelines of the ongoing  2019 Africa Shared Value Summit. “I actually owe the company about a year, because I was sick for a year,” he said. “There’s a lot of stuff that I…

Kenya’s first mortgage refinancing company that will advance cash to financial institutions enabling them to give affordable loans to account holders or members to buy or build homes was launched on Wednesday. This is part of President Uhuru Kenyatta’s affordable housing plan, which will advance cash to commercial banks, saccos and mortgage companies on a wholesale basis. “Housing mortgage finance in Kenya remains below its potential,” said President Kenyatta during KMRC’s launch. To bridge the current housing deficit, in the country, Kenyata said the Government is making deliberate interventions in the housing sector under the Big 4 Agenda, to make…

Think Business Limited Unit presented its 14th annual awards for the 2019 Banking Awards. The awards recognises banks and micro-lenders for outstanding product innovation and services to both retailers and Small and Medium Enterprises. “Our aim is to draw the attention of the banking public to the performance of the various players in the sector, consequently encouraging competition. The awards are won on a combination of merits, including financial soundness, opinion polls, market re-search and professional assessments. The overall winner, The Best Bank in Kenya, is usually the bank with an all-around appeal,” according to Think Business. Kenya’s second-biggest lender…