Kevins Jerameel – Kenyan Enterprise

Virtual Pay launches officially its myriad of services in Kenya

Kevins Jerameel — Mon, 10 Feb 2020 19:01:35 +0000

Virtual pay, a global payments technology provider has officially launched its services in Kenya making it the newest global payments getaway to enter the East Africa market. During the launch the company was as well awarded the Payment Card Industry Security Standard (PCIDSD) certification which is the standard governed by Payment card Industry Security Standards […]

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Google and Tinder under Investigation over Use of Data in Europe

Kevins Jerameel — Mon, 10 Feb 2020 17:07:28 +0000

Silicon Valley giants Google and Tinder are under investigation over the processing of European users data, regulators in Ireland, where both have their regional bases. In an announcement made on Tuesday, the Data Protection Commission said it had received an array of complaints from various European consumer associations about the lack of transparency in data […]

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Uber and Bolt Ordered To Get Sh 500,000 Renewable Licences

Kevins Jerameel — Thu, 06 Feb 2020 06:51:42 +0000

International taxi hailing firms will now be required to pay sh500, 000 to renew their licences. In the new rules announced on Tuesday by the Transport Cabinet Secretary James Macharia, the taxi hailing firms will acquire three-year renewal licences. Several international taxi-hailing firms operate in Kenya, including Uber and Bolt formerly known as Taxify. Digital […]

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Kenya Treasury Bills Auctions Records an Over Subscription

Kevins Jerameel — Thu, 06 Feb 2020 05:35:15 +0000

Treasury bills auctions have recorded an over-subscription at 164.1 percent compared to 56.2 percent recorded in the month of December 2019, reports Cytonn Investments. The overall subscription for the 91 day came in at 86.2 percent which was higher than 65.4 percent recorded in December. The subscription rates for the 182 day and 364 day […]

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Kenyan Shilling Remains Stable, Beats January Odds

Kevins Jerameel — Tue, 04 Feb 2020 15:27:48 +0000

The Kenya Shilling appreciated by 0.7 percent against the US dollar during the month of January to 100.6 shillings from 101.3 shillings at the end of December. The marginal appreciation of the local currency during the month of January according to Cytonn Investments was mostly supported by inflows from tourism and diaspora remittances amid slow […]

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Capital Markets Authority enforces measures to curb investors from losing their funds

Kevins Jerameel — Tue, 04 Feb 2020 12:33:12 +0000

The Capital Markets Authority (CMA) has orders money market funds to disclose in detail where they have invested clients cash as well as the terms of those deals following revelations of investment gambles that have lost investors billions of shillings. CMA acting CEO, Wycliffe Shamiah, said the regulator plans to audit the committees that make […]

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Airtel-Telkom Kenya Merger Handed a 5 Year Sale Agreement Restriction by Regulator

Kevins Jerameel — Tue, 04 Feb 2020 11:45:13 +0000

The Communication Authority of Kenya (CAK) has prevented Telkom Kenya and Airtel from selling itself or part of its unit over the next five years once the two firms have entered into the merger. CAK watchdog however gave its greenlight for Airtel and Telkom Kenya to merge. The two, Airtel and Telkom Kenya, announced the […]

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“Equitel is a Mobile Banking Service Not a Mobile Money Service Provider ,” Says CAK

Kevins Jerameel — Thu, 30 Jan 2020 23:40:04 +0000

The Communication Authority has removed Equitel from the mobile money category arguing that it is more of a banking product. The authority says this was necessitated by the fact that there was a decrease in the value of transactions as well as indicators on mobile transactions. Communication Authority report states that, “The Authority in the […]

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Capital City Residence Files Case to Stop the Construction of JKIA-Westland’s Expressway

Kevins Jerameel — Wed, 29 Jan 2020 21:46:24 +0000

Two residents from the Nairobi City have moved to court seeking court orders to have the implementation and construction of the JKIA-Westlands expressway stopped on grounds that there was no public participation. “The project as it stands is founded on an illegality and contravenes the fundamental principles and national values of the constitution of Kenya […]

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United Nations donates $10 million in the fight against Desert Locusts in East Africa

Kevins Jerameel — Mon, 27 Jan 2020 18:48:41 +0000

The United Nations has released $10 million for aerial spraying of pesticides to help fight the ongoing locust outbreak in East Africa. Farhan Haq, Deputy Spokesperson for United Nations Secretary General the funds will go to the United Nations, Food and Agricultural Organization (FAO) to help spraying operations, therefore preventing spread to more countries. FAO […]

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