November 2024
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Safaricom Sacco Transforms into Qona Sacco in a Bold Rebranding Move
Safaricom Sacco has embarked on a transformative journey, rebranding itself as Qona Sacco. This rebranding signifies a significant step forward for the financial institution, positioning…
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Access Bank Completes Key Acquisitions in Angola and Sierra Leone
Access Bank Plc, a leading African financial institution, has successfully completed the acquisition of Standard Chartered Bank’s operations in Angola and Sierra Leone. This strategic…
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I&M Bank Partners with Mastercard to Launch I&M Milele Rewards Loyalty Program in Kenya
I&M Bank has taken a significant step forward in rewarding its loyal customers with the launch of I&M Milele Rewards. This innovative loyalty program, developed…
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Kenya’s New Bank-to-Payless Transfer System with a Ksh 500,000 Cap
Payless, a leading Kenyan fintech company, has taken a significant step forward in digital banking by introducing the Bank-to-Payless feature. This groundbreaking innovation allows users…
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Safaricom’s Ziidi Money Market Fund Receives CMA Approval
The Capital Markets Authority (CMA) has recently granted approval to Safaricom to establish the Ziidi Money Market Fund, a Collective Investment Scheme (CIS). This innovative…
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Bank of Uganda Hit by $17 Million Cyber Heist
The Bank of Uganda (BoU) has once again been involved in a financial scandal, with reports emerging of a recent heist involving the theft of…
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Mawingu Expands Across East Africa with Strategic Acquisition of Habari
Kenya’s internet service provider, Mawingu, has made a significant stride towards its goal of bridging the digital divide in East Africa with its recent acquisition…
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Airtel Money Expands Reach with Naivas Partnership
Airtel Money, Kenya’s second-largest mobile money service, has recently partnered with Naivas Supermarket to enhance its accessibility and convenience for customers. This strategic move aims…
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The Hidden Struggles Behind Kenya’s Role in Advancing Artificial Intelligence
Artificial Intelligence (AI) is often celebrated for its transformative potential to transform industries, automate processes, and reduce human labour. However, beneath the shiny cover of…
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CBK Approves Choice Microfinance Bank’s Nationwide Expansion
The Central Bank of Kenya (CBK) has recently approved Choice Microfinance Bank Limited’s application to upgrade its status from a community microfinance bank to a…
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