Dive into our Finance section for savvy tips, insightful articles, and the latest trends in money management. Whether you’re budgeting, investing, or seeking financial freedom, we’ve got the tools and advice you need to thrive in Nairobi’s dynamic economy. Empower your financial journey with us!
Safaricom Faraja Loan is a 0% interest, Buy Now Pay Later product in conjunction with Safaricom that provides consumers with credit to make in-store purchases at select merchant stores countrywide. Safaricom PLC has launched Faraja an interest-free loan facility for paying for services and buying goods. This zero-interest credit service is a telco, Equity Bank Limited, … Read more
The Broadways Bakery was established by two brothers, Sobhagchand Shah, and Ratilal Shah, in 1958 as a scones bakery, generating 45,000 scones each day. Broadways Bakery has undergone substantial growth since its establishment. As of 2015, it had the capacity to produce up to 170,000 loaves of bread each day and achieved an impressive annual … Read more
According to Safaricom chief executive officer Peter Ndegwa, the telco has been addressing concerns that were raised by the CBK on Interest-free Loans. “I am sure it will show up. We needed to change a few things. We will bring it back. It needs to be approved normally just in the same way CBK approves … Read more
The Ethiopian government has granted Safaricom the license to start M-Pesa money services in the country. The license will now allow Safaricom to launch and offer money transfer services in the Ethiopian market in a move that is expected to be a game changer for Safaricom’s Ethiopian unit. The license was granted by the banking regulator, … Read more
Equity Bank Group has received approval in principle to set up a general insurance business. The initial approval has been granted by the Insurance Regulatory Authority. “The Board of Equity Group Holdings is happy to announce that it has received in-principle approval from the Insurance Regulatory Authority (IRA) to set up a General Insurance Company,” the bank … Read more
Starting a business with a slightly higher capital of KES 30000 in Kenya opens up more opportunities and allows for more flexibility. In this article, we will explore the top 11 businesses you can start with KES 30000 in Kenya. 1. Boutique/Second-Hand Clothing Shop: With KES 30,000, you can open a boutique or second-hand clothing … Read more
Starting a business with limited capital can be challenging, but it’s not impossible. In Kenya, there are several business ideas that you can pursue with KES 20000 or less. In this article, we will explore the top 11 businesses to start with KES 20000 in Kenya. 1. Fruit and Vegetable Vendor: Setting up a fruit … Read more
Musoni Microfinance is a microfinance institution providing financial services through mobile payments. It was established in 2009. Musoni is the first 100% mobile payment microfinance institution in the world, completely cashless. It provides group loans, individual business loans, agribusiness loans, emergency loans, and education loans. Musoni Microfinance places a strong emphasis on social impact and … Read more
The Stima Sacco M-pawa platform provides all the Stima Sacco members access to their accounts through the comfort of their mobile phone devices via the M-pawa app or USSD code *489# Through the M-pawa service, members can also affect various transactions such as internal/external fund transfers, withdrawals, airtime top-ups, utility payments, balance inquiries, customer service requests as … Read more
When the Stima Sacco app is not working, you cannot access your account, M-Pawa unsecured instant loan, repay all your SACCO loans or view all your bank statements and mobile loan viability. Generally, everything becomes frustrating, especially if you want to send or withdraw money from your account. Therefore, you must figure out why the … Read more
Mpesa is a mobile money service that allows users to send, receive, and store money on their mobile devices. Mpesa transaction charges vary depending on the amount of money being sent, the type of transaction, and the destination of the transaction. The service was launched in 2007 by Safaricom, a leading telecommunications provider in Kenya. Since … Read more
According to Equity Bank’s social media posts, these SMS alert charges were implemented two days ago (April 24). Equity did not inform its customers of these SMS alert charges, and many discovered it after making transactions. “We have introduced a standard SMS alert charges of Kshs. 2.26, effective 24th April. The charge applies to mobile and … Read more
Safaricom recently partnered with payments giant, Visa, to bring the MPESA Visa Card integrated into your MPESA wallet. Let’s explore. The virtual Card allows MPesa users to make online payments at international merchants that accept Visa cards. How to Create MPesa Virtual Visa Card To get the M-PESA, you can either use the USSD Code *334# … Read more
Watu Credit is a financial institution in Kenya that provides motorbike loans to individuals and businesses. The company offers flexible repayment plans, competitive interest rates, and quick loan disbursement. In this article, we will discuss the requirements, application process, and repayment options for the Watu Credit motorbike loan. Requirements for Watu Credit Motorbike Loans To … Read more
KPLC (Kenya Power and Lighting Company) offers a loan facility called the Stima Loan to its customers. This loan is aimed at helping customers meet their electricity bills and also make payments for their KPLC tokens. If you are interested in applying for the KPLC Stima Loan, Here Is A Step-By-Step Guide On How To … Read more
The wines and spirits business is a large and growing industry that includes the production, distribution, and sale of alcoholic beverages such as wine, spirits, and beer. This industry is highly regulated, and companies must adhere to strict regulations and licensing requirements to operate legally. Types Of Wines And Spirits The wine and spirits business … Read more