Stanbic Bank Uganda has temporarily suspended its bank to mobile money services following a third-party service provider experiencing a system incident on Saturday. The situation affected Bank to Mobile Money transactions. However, the bank has assured customers that no impact has been felt on any balances on both Bank and Mobile Money accounts. In a joint statement issued by Anne Juuko, Wim Vanhelleputte, and VG Somasekhar who head Stanbic, MTN and Airtel Uganda they said, “…All Bank to Mobile Money/Wallet services have since been temporarily suspended,” reads a statement from the affected.” “This system incident has had no impact on…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Luxury boutique hotel Hemingways Nairobi has been awarded the ‘Mystery Inspectors’ Award in the Small Luxury Hotels Awards 2020. The property emerged top from over 550 member hotels. The award was one among 17 categories featured with others including, Hotel of the Year, Travel Agents’ Hotel of the year, Most Liked Hotel, Digital Excellence Award and Best Gourmet Experience among others. Lefay Resort & SPA Lago di Garda in Italy, Hotel Relais Christine in France, Triumph Hotels in USA and The Seminyak Beach Resort & Spa in Indonesia were among to ranked. Speaking after receiving the news, Group Operations Director,…
The Nairobi Hospital board has passed a resolution sacking its Chief Executive CEO Dr Allan Pamba barely six months after his appointment. According to Dr Irungu Ndirangu, the Board Chair, Pamba’s probation period would not be extended because he had failed to provide a performance improvement plan. “The Board of Management sitting on 2nd October 2020 resolved not to confirm you but terminate your contract following your failure to execute the probation extension and pay you two (2) weeks in lieu of notice. You will be required to hand over all Hospital’s properties in your custody and clear with the…
Scientists in Nairobi have discovered a new set of genetic markers in African cattle that signal beneficial characteristics, with a view to harnessing them for future generations. The discovery of a new set of detailed genetic markers and information in African cattle that are associated with valuable traits, such as heat and drought tolerance, the capacity to control inflammation and tick infestations, and resistance to devastating livestock diseases like trypanosomiasis. The findings emerged from a collaborative effort to sequence the genomes of 172 indigenous cattle. “We believe these insights can be used to breed a new generation of African cattle…
Absa Bank Kenya PLC has been recognized as the first bank in Kenya to join the Kenya Green Building Society (KGBS) as a champion for initiatives that promote the green economy by reducing pollution and improving people’s lives. The bank has invested KSh34 million in retrofitting all its facilities to become water and energy-efficient. This will reduce its carbon footprint while bringing down energy costs by up to 30 percent or KSh20 million annually. “We have replaced all our water dispensers with eco-friendly ones, helping us reduce plastic within our working environment and therefore reduce our carbon footprint in relation…
Safaricom announced a Ksh 2 Million sponsorship as the official communications sponsor of the Kip Keino Classic, part of the World Athletics Continental Tour to be held at Nyayo National Stadium. Other events have already taken place in Finland, Hungary and Japan. The Ksh2 Million sponsorship will cover a fully kitted media center and high-speed internet connectivity for the event. Over 700 local and international athletes are expected to take part in the Saturday event which will be broadcasted live on local TV. “For the last 20 years Safaricom has been a big supporter of athletics in Kenya and we…