Equity Group an additional Sh1 billion in its Tanzanian banking subsidiary last year when the regulator in that market introduced new prudential rules that put a strain on the lenders’ capital.Kenya’s second-largest bank joins NIC Group, which also provided an extra Sh350 million of new capital to its unit in that market.Equity retained its full …
Category Archives: Cloud computing
Suspected thugs steal over KSh 11 million from Barclays Bank ATMs in Nairobi .
KSh 6.2 million was stolen from Buruburu’s Mutindwa ATM – KSh 4.3 million went missing at the bank’s ATM located at KNH – KSh 1 million was withdrawn from the bank’s ATM at the Mater Hospital in South B – All the suspects managed to escape undetected and no one had been arrested as of …
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Loon sets up a new Ground Station in Nyeri, marking continued progress towards connectivity in Kenya.
Loon has announced the installation of a new set of ground stations in Kenya. This is a key step toward the deployment of commercial service in collaboration with Telkom Kenya later this year. The new site in Nyeri adds to similar ones in Nairobi and Nakuru. The installation of ground stations is a key milestone …
Huawei launches Y7 Prime 2019 in the market
Huawei Mobile Kenya has today launched Y7 Prime 2019 that will be retailing at Kshs 17,999 in the retail stores across the country. The device will also be available online. Huawei has also partnered with Lipa Later, a credit facility that lets you pay for any device of your choice then pay monthly including Y7 …
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Fake mobile applications fuels cyber fraud
A proliferation of mobile applications on popular online stores is exposing Kenyans to increased cyber-attacks and fraud, the latest sector statistics report by the Communications Authority of Kenya (CA) shows. The report covering October-December 2018 shows a dramatic spike in malware attacks, targeting mobile devices and which has seen unsuspecting Kenyans defrauded in online platforms. In the three months, …
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