PesaLink, an Integrated Payment Services Limited (IPSL) that enables real-time fund transfers between bank accounts, plans to launch a merchant payments service that will compete with Safaricom’s popular Lipa na M-PESA. The announcement was made on X, following an M-PESA service outage that affected customers’ ability to make payments for goods and services through the paybill service. PesaLink was launched in 2017 by the Integrated Payment Service, a for-profit arm of the Kenya Bankers Association (KBA), which allows customers to send and receive money instantly from their bank accounts without intermediaries. The platform can be accessed on the bank’s Internet Banking, Mobile Bank…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
Africa’s investment landscape is experiencing a period of remarkable growth and expansion, with four countries emerging as the dominant destinations for funding, according to a new report. Kenya, Egypt, Nigeria, and South Africa collectively account for 68% of the continent’s total investment influx in 2023. Kenya has taken the lead in terms of funding, attracting $806 million, followed by Egypt with $675 million, Nigeria at $575 million, and South Africa with $565 million. These figures demonstrate the strong attractiveness of these countries for investors and their growing roles as regional hubs for international companies expanding across Africa. The Africa Investment…
East African Breweries Limited PLC (EABL) net profit in the half-year year ending December 2023 was Sh6.8 billion, a 22% decrease compared to the same period in 2022. The decline was attributed to high inflation, currency depreciation, and rising finance costs. The devaluation of the local currency caused a forex loss of Sh2.3 billion, an increase of Sh2.1 billion in the review period. ‘’However, our bottom line has been impacted by increased costs of inputs, currency devaluation, and rising interest rates,” EABL Group Managing Director and CEO Jane Karuku said. Despite these challenges, EABL’s net sales grew by 16% to Sh66.5 billion in the period, driven by high sales in…
The dust has settled on the group stage of the 2023 Africa Cup of Nations (AFCON), and anticipation crackles in the air. The knockout rounds loom, promising heart-pounding clashes between continental giants and audacious underdogs chasing their dreams. 𝗜𝘁’𝘀 𝗮𝗹𝗹 𝘀𝗲𝘁 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗼𝗻𝗲 𝘁𝗿𝗼𝗽𝗵𝘆. 🏆✨#TotalEnergiesAFCON2023 pic.twitter.com/AvCrYtL7oT — CAF (@CAF_Online) January 24, 2024 What we have witnessed Defending champions Senegal, boasting an unblemished record, stand toe-to-toe with tournament hosts Côte d’Ivoire. The Elephants, still smarting from a shocking defeat, face a daunting task to topple the Lions. Can they summon the roar of the home crowd and rewrite their narrative? (Jan.…
OPPO has launched the Reno 11 series, a smartphone designed to impress both photography enthusiasts and design connoisseurs in Kenya. The new camera-oriented mid-range series has two models: the Reno 11 and the Reno 11 Pro. Available in the captivating colours of Wave Green and Rock Grey, both phones capture the essence of nature, offering a refreshingly distinct design direction. Reno11 Weighing a mere 181g and boasting a sleek 3D curved body, the Reno11 is a delight to hold and behold. But its beauty goes beyond looks. The Ultra-Clear Portrait Camera System, featuring a 50MP main camera, 32MP telephoto camera,…
Kenyan smartphone users will experience a new era of intelligent devices as OPPO, a leading manufacturer, infuses its smartphones with cutting-edge artificial intelligence (AI) features. From enhanced photography to personalized experiences and solutions for local challenges, OPPO is poised to transform the way Kenyans interact with their mobile devices. One of the most exciting advancements is the HyperTone Camera System, co-developed with Hasselblad for the upcoming Reno 11 Pro. This AI-powered system promises stunning photos with 30% improved clarity and 60% noise reduction, thanks to AI RAW fusion. The HyperTone Pro XDR Display further elevates the visual experience with eight…