Tag: CBK

CBK extends it’s COVID-19 emergency measures on mobile money Transactions to December

CBK extends it’s COVID-19 emergency measures on mobile money Transactions to December

Business, Mobile
Good news for M-Pesa users as CBK extends deal to December CBK (Central Bank of Kenya) has extended the waiver on mobile money transactions under Sh 1,000 for another six months after the initial 90-day period lapsed. The emergency measures had been effected in March this year, and will now extend to December 31, to combat the spread of the nobel Coronavirus. In a statement, CBK says the measures, which include the elimination of charges on transactions of up to Sh1, 000, have been effective and will remain in force. CBK said it had noted that the measures were timely and highly effective in facilitating official and personal transfers at a time of great need. Following the March 16 announcement by CBK of measures to facilitate increased use of mobile money transactions instead o...
Mobile money transactions spike as users resort to cashless deals

Mobile money transactions spike as users resort to cashless deals

Business, Mobile
  Mobile money and data have emerged as the lifeline in revenue growth for African-focused telecoms operators Vodacom Group and Airtel Africa across markets characterized by stiff competition and challenging regulatory regimes. The two telcos this week released full-year results for the year ended March 31 that show impressive growth in mobile money and data earnings amidst near-flat increase in voice revenue. This year, the companies are apprehensive of the impact of the Covid-19, something that has forced Airtel Africa to extend the maturity of $254 million of debt facilities by an average of 18 months in order to improve its liquidity. South Africa-based Vodacom rode on its investment in Kenya’s Safaricom, which is Africa’s second-biggest telco by market cap