KCB revises interest rates on its Savings Accounts

KCB Bank has revised the annual interest rates for its Savings Account rates in a move that seeks to attract and retain its customers currently enjoying the savings products offered by the bank. With effect from 1st July 2022, the KCB Goal Lock Savings Account will attract an annual return of 7.5% from the current 6% while KCB Simba, Goal & Cub Savings Accounts for both new and existing customers will attract an interest rate ranging from 5%-7% depending on the amount of money deposited. This is a departure from the…

KODRIS LAUNCHES M-PESA MINI-APP TO DEEPEN CODING SKILLS IN KENYA

Education technologies firm Kodris Africa has now partnered with Safaricom (NSE: SCOM) to promote the study of coding through the purchase of annual lessons on the M-PESA app. Customers can now be able to purchase tokens that will provide a year’s worth of coding lessons through the M-PESA platform and then activate them on a tablet, laptop, or desktop computer for their children to start learning how to programme computers. Kodris Africa is the provider of Kenya’s first-ever government-approved programme for teaching coding, which is now the most demanded skill in…

SAMSUNG UNVEILS 2022 ELECTRONICS LINE-UP PACKED WITH NEW INNOVATIONS

Samsung Electronics today unveiled the latest line-up of consumer electronics available in the East African market. Among the innovation-packed electronics unveiled was the 2022 NEO QLED TV which now comes with an Eco-friendly Solar Cell Remote that is equipped with a solar panel at the back completely moving away from traditional disposable batteries. The unveiling took place at an event held at the Mirage Building along Waiyaki way where Samsung has a Consumer Electronics experience store. The event was attended by Samsung Managing Director Mr. TS Lee, Samsung’s Consumer Electronics…

LG rolls out ‘Healthy Home Solutions’ campaign focusing on consumer and environmental well-being

Highlighting Health and Sustainability, Global Campaign Introduces Small Changes and Daily Practices for Better Home Living LG hope to raise awareness of how simple it can be to live more sustainably, and how important it is that we all take care of ourselves, our homes and the planet Nairobi, Kenya, July 25, 2022 — LG Electronics (LG) has unveiled the Healthy Home Solutions global campaign, encouraging consumers worldwide to take steps toward a healthier, more sustainable lifestyle at home. The campaign focuses on how to regain vitality in one’s everyday life, offering…

Safaricom Foundation Allocates KES 100 Million For ‘Ndoto Zetu’ Initiative

Safaricom Foundation has set aside KES 100 million for its Ndoto Zetu initiative which calls on Kenyans to partner with the Foundation to have their community dreams and aspirations brought to life. Safaricom CEO Peter Ndegwa made the announcement at Salvation Army Joytown Secondary School in Thika, Kiambu County, where the foundation donated 10 laptops and 8 projectors worth over KES 1.5 million shillings. “Ndoto Zetu aims to support Kenyans who are keen to make an impact in their communities through social investments. Through the initiative, we ask Kenyans to…

KCB revises interest rates on its Savings Accounts

KCB Bank has revised the annual interest rates for its Savings Account rates in a move that seeks to attract and retain its customers currently enjoying the savings products offered by the bank. With effect from 1st July 2022, the KCB Goal Lock Savings Account will attract an annual return of 7.5% from the current 6% while KCB Simba, Goal & Cub Savings Accounts for both new and existing customers will attract an interest rate ranging from 5%-7% depending on the amount of money deposited. This is a departure from the…

HFC launches Ultimate Banking for Customers in Kenya and Diaspora

 HFC has launched its premium banking solution Ultimate Banking, a differentiated and personalized service experience with an array of tailor-made banking solutions and services. The Bank noted that the enhanced proposition is targeting Affluent customers both in Kenya and Diaspora. “We’re excited to bring HFC Ultimate Banking to customers, in Kenya and the Diaspora, who are looking for an exclusive and personalised banking experience,” said HF Group CEO Mr. Robert Kibaara. The new service will see customers enjoy access to exclusive Ultimate Banking lounges in select branches as well as a broader and diverse range of banking solutions at preferential pricing. The clients will also have access…

Migrants continue to send money back home despite inflation – WorldRemit Survey

WorldRemit has released the results of a survey it conducted in July to understand the impact of the global rise in the cost of living on remittances sent back home by migrants living and working in the US, the UK, and Australia. WorldRemit, which serves more than 5 million customers across 130 countries worldwide, including Kenya, received responses from 1000 migrants in each of the countries surveyed, bringing the total number of respondents to 3000. Below is a summary of the surveys’ key findings. Globally, 78% of remittance senders agree…

BDO set to open an office in DRC

  · Increased competition, rising customer expectations, outdated mobile experiences are some global challenges and emerging trends affecting businesses.   BDO East Africa, a public accounting, tax, and advisory firm is planning to start operations in the Democratic Republic of Congo by 1st October tapping into increased opportunities which have been amplified following the central African nation’s admission to the East African Community.   BDO East Africa CEO Sandeep Khapre said the firm’s DRC expansion reflects the firm’s zeal to take its advisory and consultancy services closer to its clientele…

Kenya’s blue economy plan can be boosted by conserving the Mangrove forest

The Kenya Platform on Climate Governance (KPCG) urges the government to conserve the Mangrove forest along the coastline saying that the conservation of the Mangrove forests could influence the magnitude and duration of Kenya’s benefit from her planned blue economy. In a statement released on the International Day for the Conservation of the Mangrove Ecosystem, Anne Tek, the National Coordinator for the KPCG said conserving the mangroves will improve the coastal environment and boost the contribution of the blue economy to the national GDP. “Mangroves provide breeding grounds for the…