Banks are changing corner shops business model
Across the country over 260,000 shops work as financial services agents with half of them garbed in monopolistic green of the giant telco Safaricom.
EP 3: Side hustle left me in debts
I had hired out my vehicle and the driver used to call me all the time to fix it. But when I retired and finally repossessed it, I was being stopped in all garages asking for their money
Crash in watermelon market leaves western farmers in the red
Watermelon popularity grew into Kenyan homes as slices of blood purifiers and aphrodisiac seeds.
EP 2: Don’t use pension to buy Kondele mowuok
Kondele Mowuok- are the matatus that ply Kisumu's main town service. For retirees, this cash business can seem like a logical venture to sink years of savings upon retirement.
Search for deposits in provincial towns draws banks outside Nairobi
Customers will have access to transactional accounts, savings accounts, deposit accounts, Shari’ah-compliant solutions, financial advisory services, and more.
Banks keep away from debt auctions demanding higher interest
Kenya has even turned to printing money, to pay bondholders with the Central Bank of Kenya revealing they advanced the government Kes22.6 billion to meet bond interest payments.
EP 1: Gen Z demand for jobs
Two Kenyan business journalist who have covered debt and economy over the last decade have a conversation about misdiagnosis of the Gen Z crisis amid a debt, political and geopolitical crisis and why we need new political actors.
Helios, France and World Bank eye African entertainment and sports complexes
Helios set up the Africa focused sports fund last year eyeing the African market, the youngest of the world’s continents with 15 and 24 year olds constituting 19.4 percent of the total population, while children under 15 years are nearly 41 percent
Kamiti calls bypass multibillion banking firewalls
Even as Kenyan banks build strong IT systems to prevent digital fraud, criminals are still getting access from inside men and customers who hand over passwords to a stranger over the telephone, forget to report a stolen ID or transact in public
Absa finds sweet spot for savings and insurance for small businesses
The combination of savings with insurance is likely to draw small business deposits to Absa Bank putting the lender on a market lead to secure cheap savings at a time when deposits in the banking sector are very expensive.
