Standard Chartered Bank Kenya has finally launched its mobile lending service, the SC Juza app, after overcoming initial hurdles. During the trial phase, SC Juza encountered issues such as data privacy concerns, which caused a delay in its full rollout. However, the bank has addressed these concerns and secured approval from the Central Bank of Kenya (CBK) to proceed. SC Juza Aims to Compete in Kenya’s Mobile Lending Market With SC Juza, Standard Chartered directly enters the competitive Kenyan mobile lending market, currently dominated by established players like Absa Kenya’s Timiza, KCB M-PESA, and NCBA’s M-Shwari. This move highlights the…
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.
Kenya is committing US$100 million to increase its ownership stake in three key African financial institutions: the African Development Bank (AfDB), the African Export-Import Bank (Afreximbank), and the Trade and Development Bank (TDB). This investment will be spread out over the next three years. President @WilliamsRuto of Kenya announced $20 million support by Kenya to the African Development Fund. This marks the largest contribution by an African country to the Fund. Thank you very much my dear friend and brother, Mr. President! @AfDB_Group pic.twitter.com/CSCav4TZlk — Akinwumi A. Adesina (@akin_adesina) June 2, 2024 Kenya has been a significant beneficiary of AfDB…
Kenya’s tourism industry boomed in 2023, with international arrivals reaching a record-breaking 2.09 million. This represents a 35.4% increase compared to 2022 of 1.54 million. Earnings from tourism surged 32% to KES 352.5 billion ($2.7 billion) last year according to the Tourism Research Institute’ Sixth Edition of its Annual Tourism Sector Performance Report. Factors Driving Growth This performance was supported by key developments in the aviation sector that witnessed increased air connectivity playing a key role. During the year, three airlines launched direct flights: IndiGo (Mumbai-Nairobi), Fly Dubai (Dubai-Mombasa), and Airlink (Johannesburg-Nairobi). In addition, Kenya hosted prestigious events like the Africa…
Bata Kenya, a leading footwear retailer, reopened its Kimathi Street store, a key step in its ambitious makeover and expansion strategy. The reopening was graced by Bata Kenya Managing Director Mr. Benson Okumu, and Mr. Stephen Gitagama, CEO of Nation Media Group (NMG). Mr. Okumu highlighted the crucial role NMG has played in enhancing Bata’s brand visibility and supporting its growth in Kenya. “Bata’s dedication to innovation and enhancing customer experience is truly commendable…Our partnership has been incredibly rewarding…,” Mr Steve Gitagama, CEO, of Nation Media Group noted. Commitment to Innovation and Customer Experience The revamped Kimathi Street store reflects…
Hunter’s Choice, a beloved Kenyan whisky brand, is raising the bar with a stylish new bottle redesign and a three-month “Explore Boldly” campaign celebrating young achievers. This exciting initiative, running for three months across Nairobi, Kisumu, Eldoret, and Nakuru, targets young Kenyan men (aged 20-35) who are driven by purpose and ambition. The “Explore Boldly” campaign underscores Hunter’s Choice’s commitment to its core audience and their aspirations. It positions the brand as a companion on their journey to success, celebrating individual achievements along the way. Dr. Senorine Wasike, Kenya Wine Agencies Limited’s Head of Marketing, says the campaign aligns with…
The High Court of Kenya has rejected Carrefour Kenya’s appeal against a ruling that found the retailer abused its buyer power in its dealings with a supplier. This upholds a 2020 decision by the Competition Authority of Kenya (CAK). The case originated in 2019 when Orchards Limited, a yoghurt producer, filed a complaint with CAK. Orchards accused Carrefour of unfair practices, including: Unilateral contract termination during negotiations (January 2019) Demanding excessive fees: listing fees, rebates beyond agreed margins Rejecting full deliveries or returning near-expiry items without justification Demanding free merchandise for sale Forcing Orchards to staff Carrefour shelves The high court agreed with CAK and the Competition Tribunal,…