Bad News to Kenyans as the year Begin After CBK induced Transaction Cost for Bank-to-Mpesa Transfer
Following the Central Bank of Kenya set regulations to commercial banks on transactions for bank-to-mobile cash transfer, in 2023 Kenyans will be paying a certain transaction cost for all bank-to-mpesa transfer. This is after the CBK ends free bank-to-mobile cash transfers as had been instructed earlier by the state to increase taxation rate for the country back to how it was before the COVID-19 which led to waving of the cost.
How Kenyans Can Access Hustlers Fund
President William Ruto has today, Wednesday, November 30, presided over the launch of the Hustler Fund, which aims to support small-scale traders. During the event held at Green Park Terminus, Nairobi, some traders shared their inspiring stories. Kenyans aged 18 and above can access the Fund with a valid Identification Card (ID) and a registered mobile number.
Communications Authority Makes U-Turn in Comprehensive Mobile Money Reports
Over the remaining couple of quarters, we began out noticing that the Communications Authority of Kenya (CA) became reporting much less at the kingdom of cellular cash in Kenya. It started out while the Authority kicked Equitel out of the statistics, however for appropriate purpose – which became that the product became connected to number one banking products (so, now no longer cellular cash), and ties to its mom enterprise, Equity enterprise.
JUST IN: DP Rigathi Announces PayBill and Bank Account Details For Donation Towards Drought
Deputy President Rigathi Gachagua has announced the launch of Paybill and bank account details for donation towards the ongoing drought in the country. The Paybill and Bank account will allow Kenyans donate cash to aid those affected by the ongoing drought in the country. In his remarks after the release of the Paybill & Bank account, the DP reiterated that the accounts will help assist those affected by drought spearheaded by the Drought Response Committee which he chairs.