The overdraft facility will attract a daily charge of 0.5 per cent of the borrowing as a top-up to enable M-Pesa clients complete transactions.
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) is set to meet on Tuesday. This follows the MPC’s decision to maintain the interest rate at 9.00% on September 25. This was amidst rising inflation expectations and the reintroduction of Value Added Tax (8.0%) on petroleum products. The Monetary Policy Committee has indicated a neutral stance, allowing time to assess the effects of these changes on price stability and the economy’s response to its previous decisions. Despite slow growth in private sector credit, the macroeconomic environment remains relatively stable with improved growth compared to last year. However,…
Huddah Cosmetics, a beauty company, is leveraging its brand on Mula to bring new shopping experience using Augmented Reality (AI) on Facebook Messenger in partnership with Cellulant and Facebook where customers can discover, try the product before they buy. Huddah Cosmetics is credited to its bold and daring founder, Kenyan model and entrepreneur, Alhuda Njoroge popularly known as Huddah Monroe. Launched in 2016, Huddah Cosmetics provides a solution to long lasting day-to-day makeup needs for African women. “I am excited to be the first Hustle-preneur to work with Cellulant and Facebook as they launch this new shopping experience using Augmented…
Safaricom PLC (NSE: SCOM) Home Fibre is now inclusive of mobile data, calls and a preferential home insurance cover in a new partnership with Jubilee Insurance. This means customers will not be required to compile an inventory of their household goods to benefit from the policy. “This partnership with Safaricom is just the beginning and we will continue to disrupt the industry so as to reach more people with our insurance solutions so they can live free,” said Winnie Njau, General Manager – General Insurance Business, Jubilee Insurance. Read: Five Kenyan Stocks To Watch Out For In The Insurance Sector Equally,…
Safaricom Plc has launched M-PESA Global, a first-of-its-kind service that allows all M-PESA customers to send money to virtually anyone worldwide. This can be done through various channels, including direct transfers into bank accounts and pick-ups at over 500,000 Western Union agent locations. M-PESA Global enables customers to make and receive payments from over 200 million PayPal customers across 200 global markets. According to Safaricom’s Chief Financial Services Officer, Sitoyo Lopokoiyit, M-PESA Global aims to connect Kenyans to global opportunities by facilitating seamless transactions between Kenyans and the rest of the world. Sylvia Mulinge stated during the launch that M-PESA…
Kenyan business people and students traveling to South Africa has been made easy with the removal of short-term Visa requirements. Kenyans will now be issued with multiple entry visas valid for up to 10 years. Frequent travelers will be eligible for 3-year multiple entry visas starting December 1, 2018. Government officials traveling on official business to South Africa will be granted three months free visa with immediate effect. The country agreed to ease visa application rules and entry conditions for the above categories following deliberations between Interior Cabinet Secretary Fred Matiang’i and South Africa Home Affairs Minister Malusi Gigaba in…