Kenyan residents have long faced challenges when making payments on international websites. On one hand, the country’s banks impose strict limitations on international transactions. On the other hand, many payment gateways on foreign sites automatically block transactions from regions with high levels of online fraud. Unfortunately, Kenya is on that list. However, we’ve found a solution. All you need is to open a virtual dollar card “Ultima” from PSTNET and use it wherever needed. From app store purchases and subscriptions to foreign services to regular shopping and booking flights. Ultima Card: Features and Benefits The PSTNET financial platform has established…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Equity Bank Kenya has urged small and medium enterprises (SMEs) to scale up their operations beyond their current geographical boundaries and explore opportunities in regional markets. Speaking at a networking forum in Thika, Acting Managing Director Moses Nyabanda highlighted the significant potential for SMEs in the Democratic Republic of Congo, a market with a high demand for goods and services. Nyabanda encouraged SMEs to join Equity in investing in the region and contributing to Africa’s economic development. “You can change the narrative of our development by joining us to invest in the region to scale up your business,” he said.…
Madison Life Assurance and HF Group have partnered to provide affordable financing options at VillaKazi Homes, a master-planned development in Athi River. VillaKazi Homes is a 100-acre mixed-use development featuring residential units and commercial centres that will be developed in four phases. HFC is providing affordable loans with a fixed interest rate of 9.5%. It will also handle project management, sales, and marketing. Plots start at Kshs 2.8 million, with financing of up to 70% available. “Potential homeowners have the option of buy and build their dream home and HF Group will finance the purchase of the plot and construction…
Centum Real Estate has completed the handover of 24 luxury four-bedroom apartment units in phase two of its Loft Residence project at Two Rivers. All 24 four-bedroom units have been sold, ranging from Kshs 36.0 million to Kshs 52.0 million. The project was funded through a Kshs 3.0 billion bond issued by Centum Re. 21.0% of buyers utilized mortgage financing. https://khusoko.com/2023/02/20/centum-real-estate-first-phase-of-loft-residences-completed/
Tourism across the African continent has recovered almost to the pre-pandemic levels, according to data from the United Nations World Tourism Organization (UNWTO). International arrivals to the continent have recovered 92% of pre-pandemic visitors, compared to 84% world average, between January and September 2023. On a regional level, South African Tourism reports that international tourist arrivals from January to November 2023 increased by 51.8%, compared to the same period in 2022. In Kenya, this number grew by 35.4% in 2023, while Tanzania reported a 25.7% growth between January and August 2023. This recovery has also had a positive effect on the revenues of the…
When it comes to making the switch to electric bikes, it’s not just about riding with the wind in your hair or cruising through traffic jams with ease; it’s about making a smart, sustainable choice. Electric bikes have revolutionized urban mobility, and if you’re in Kenya, Spiro bikes have risen to the top, offering unbeatable efficiency, power, and affordability. But before you leap into the electric future, here are a few things to consider to ensure you make the best decision, with Spiro Kenya leading the pack. Battery Life and Range How Far Can You Go? One of the first…