Why the Safaricom Ziidi MMF Has a Low Interest Rate
The Safaricom Ziidi Money Market Fund (MMF) has been attracting significant attention due to its perceived lower-than-expected interest rates. However, what may seem like a low return on the surface becomes more understandable when we consider several factors that influence the fund’s performance. One key reason for the perceived low interest rate is the fundamental […]
How Kenyan Entrepreneurs Can Apply for the 2025 TEF Entrepreneurship Programme USD 5,000 Seed Capital
The Tony Elumelu Foundation (TEF), in collaboration with UBA Kenya Bank Ltd, has announced the opening of applications for the 2025 TEF Entrepreneurship Programme. This initiative offers Kenyan entrepreneurs a chance to access USD 5,000 in seed capital, along with business training, mentorship, and a valuable global network. Since 2015, 782 Kenyan entrepreneurs have received […]
National Treasury Moves to Take Debt Role from CBK – Here’s What It Means
The National Treasury is seeking to transfer the responsibility for issuing government bonds and Treasury bills from the Central Bank of Kenya (CBK) to its own Public Debt Management Office (PDMO). This is designed to cut the State’s borrowing costs, which currently hover around 10 percent, and aligns Kenya’s debt management framework with the U.S. […]
Safaricom Ziidi MMF Launches: Here’s How to Invest
Safaricom, in partnership with Standard Investment Bank and ALA Capital Limited, has officially launched the Ziidi Money Market Fund (MMF). This innovative platform leverages the widely-used M-PESA platform to offer customers a simple, faster, and smarter way to invest and grow their wealth. What is Ziidi MMF?Ziidi MMF is a unit trust that allows customers […]
How Ethiopians can Pay Insurance through M-Pesa
Safaricom has partnered with Awash Insurance, Ethiopia’s leading private insurer, enabling Ethiopians to pay for insurance services through the M-Pesa platform on their mobile phones. Through this partnership, Awash Insurance customers can now pay their premiums and complete other insurance-related transactions directly via M-Pesa. This development marks a shift in the accessibility of insurance services, […]
Oikocredit 3O Years of Social Impact in Kenya
Oikocredit marked 30 years of empowering Kenyan communities with a special breakfast event in Nairobi with over 30 Billion investment into the continent 16th December 2024 Nairobi, Kenya – Oikocredit, a leading social impact investor has been at the forefront of fostering sustainable development and social impact in Kenya. A celebratory breakfast in Nairobi brought together […]
Taptap Send Resumes Money Transfers after Bank of Ghana Lifts Suspension
Taptap Send, a leading global fintech company, has reinstated its money transfer services to Ghana after the Bank of Ghana lifted a temporary suspension on December 4, 2024. “After a brief pause, you can now resume sending money from the UK, Europe, Canada, United States of America and the UAE to your loved ones in […]
Mastercard and BCP Group Collaborate to Enhance Cross-Border Payments in Africa
Mastercard has partnered with Morocco-based BCP Group to revolutionize cross-border payment solutions across African markets. This collaboration is designed to simplify international money transfers, lower transaction costs, and promote economic growth by improving connectivity between local and global markets. The partnership combines Mastercard’s advanced payment technology with BCP Group’s extensive regional reach. Powered by the […]
Mastercard and NIB Bank Partner to Boost Financial Inclusion in Ethiopia
Nib International Bank and Mastercard have introduced the Prepaid Mastercard in Ethiopia, commemorating NIB’s 25th anniversary with a versatile payment solution for local and international transactions. The launch aligns with Ethiopia’s growing digital economy, projected to contribute ETB 1.3 trillion to GDP by 2028. The card offers customers a reloadable option for e-commerce, travel, and […]
Scott Patrick Farrell Crowned Tanzania CEO of the Year 2024
Scott Patrick Farrell, the CEO of Dome Investment & Trading Ltd., has been named Tanzania CEO of the Year 2024 by the Tanzania CEO Roundtable. The award celebrates Farrell’s exceptional leadership and transformative vision, which have elevated SuperDome TZ to the pinnacle of Tanzania’s events industry. In just two years under Farrell’s stewardship, SuperDome TZ […]