In an obvious move to stay relevant (and competitive) against the growing dominance of mobile payment services in the form of Safaricom’s M-Pesa and Zain’s Zap, Western Union has massively lowered its money transfer rates within Kenya to just 2% of the value being transferred. The new rate applies to

The Central Depository and Settlement Corporation (CDSC) operates the Central Depository System (CDS) in Kenya for securities listed on the Nairobi Stock Exchange (NSE). The CDSC is also charged with the management of the daily delivery and settlement of transactions carried out at the NSE. It has been reported in

Earlier this week, Barclays Bank of Kenya (BBK), Kenya’s largest bank in terms of assets finally launched a mobile banking service, Hello Money. Hello Money is a USSD-based mobile banking solution that uses a secure gateway and PIN code entry for customers – this is far more secure than the