Author: Korir Issa

Safaricom plans to launch M-Pesa GlobalPay powered by Visa Virtual Cards for international online payments. The telco’s chief executive Peter Ndegwa said it is targeting to issue the cards in the year. “With support from our regional regulators and partners, we are working together to deliver innovative products in a new year such as Visa Virtual Card by M-PESA GlobalPay to support international online payments,” says CEO Peter Ndegwa.  M-PESA GlobalPay cards would enable its customers to transact at all merchants accepting payments through cards. M-PESA, which marked its 15th anniversary in 2022, hit the 30 million active customer mark…

Home prices in Nairobi Metropolitan Area (NMA) and land costs in satellite towns around the capital have risen to new highs on the back of renewed demand from buyers according to HassConsult data. Land price indices for the first quarter of 2022, prices in the towns rose by 2.17 per cent while Nairobi prices remained static at 0.11 per cent. Subsequently, the price of an average house within the city rose 6.8 per cent in the year to March compared to a drop of 1.8 per cent in the same period a year earlier. This is the fastest increase since…

Power Learn Project, a Pan African impact organization is currently implementing its flagship program One Million Developers for Africa”  Scholarship Program. The #1MillionDevs4Africa aims to train 1 million young people and empower them with tech employability skills. It is estimated that 70 per cent of Africa’s population between the ages of 18 and 35 and 60 per cent of this group are under-employed or unemployed. The Power Learn Project program will help address this issue by providing accessible world-class tech education to young Africans across six pilot countries: Kenya, Tanzania, Uganda, Rwanda, Burundi and Zambia and later to West and…

Shares of insurer Sanlam Kenya Plc jumped 7.1 percent Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday after the company reported a merger deal with Germany’s Allianz. Sanlam began the year with a share price of Ksh 11.55 and has gained 11.7 percent on that price valuation, ranking it sixth on the NSE in terms of year-to-date performance. https://twitter.com/NSE_PLC/status/1522654148373659649?s=20&t=ANp3vXNW73N4y8nRdsbFEw In the week, Sanlam and Allianz said they have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent. The joint venture…

It is no secret that mothers keep the wheels of a household turning. From ensuring that there is a stock of food to buying everything that everyone needs to get along, they are always on the run, ensuring that all the daily goals are met. And with Mother’s Day fast approaching, it is time you appreciate and celebrate her efforts. With only a few days left until Mother’s Day, you probably wonder what to get her in celebration of this special day. There is nothing like spoiling her with some of the best deals that Standard Chartered Bank Kenya is…

Quickmart Supermarket’s bullishness will not stop any time after expanding its branch network by opening a new outlet at Tuskys Mall (T-mall) located along Lang’ata road. The retail space had previously been occupied by cash-strapped Tuskys Supermarket. This brings its total number of operational outlets to 51, having opened two other outlets in Kitengela and Machakos towns. https://twitter.com/QuickmartKenya/status/1520393833179193345?s=20&t=bqQEZhr0R4w9CHwwkl7iyA According to Cytonn Investments, the decision to open the outlet in Lang’ata is supported by; “The need to step up (market) competition and market domination against retailers such as Naivas that has opened 4 outlets this year, while also having plans to…