Branch International Limited, popularly known in Kenya as Branch Loan App, has acquired Century Microfinance Bank for undisclosed amounts. Branch acquisition of Century Microfinance Bank A statement released by the Central Bank of Kenya (CBK) on 8th February 2022 indicated that it has approved Branch International Limited’s acquisition of 84.89% shareholding of Century Microfinance Bank. This means that Branch is the majority shareholder of Century Microfinance Bank. About Branch Branch is one of the most popular companies in Kenya that offers loans through its mobile app without the requirement of any security. According to CBK, Branch’s total assets as of… Read More »
Business
Get to know of the latest business news updates in Kenya. From business financial reports to investment opportunities in Kenya.
Mpesa Bill Manager for business and schools: How to sign up
Mpesa Bill Manager is a platform for businesses and schools with repeat payments to manage their transactions and invoices. The platform is currently available for free for use to all businesses with recurring payment and have a Lipa Na Mpesa Pay Bill Number. Features of Mpesa Bill Manager of schools View Bills Customize fees into categories for instance tuition, lunch, transport, fine, etc. Send late payment reminders automatically Automatic billing Send Invoices Manually add payment Receive bill payment alerts Automatic payment reconciliation How to sign up for Mpesa Bill Manager account To register for Mpesa Bill Manager, follow the procedure… Read More »
How to register for Beneficial Ownership Information online: BRS
Every person who owns a company in Kenya is required to register for beneficial ownership information. The deadline for registration is 31st January 2021. Registration can be done online; we have provided the procedure below for existing companies. (NOTE: Deadline has been extended to 31st July 2021) What is Beneficial Ownership Information? Beneficial Ownership information is a regulation that requires companies registered in Kenya to provide shareholder information. Some of the information needed when registering as beneficial owners include full names, ID number, ID number, date of birth, business address, phone number, email address, percentage of shares, etc. Read more… Read More »
Shops where to buy Original, Genuine Samsung Smartphones in Kenya
What follows is an article that lists shops where you can buy Genuine or Original smartphones in Nairobi, Kenya and how to detect fake Samsung phones. My Story with Samsung Fake Phones In 2016 I purchased a smartphone from a retailer who claimed to be selling Original Samsung Phone. The phone was going at Ksh. 32k. Within 3 months the phone was locked. It was asking for some code for it be unlocked. Attempts to unlock it using provided codes failed. I was getting these error messages“Unlock code request unsuccessful” and “Failed to unlock network.” Then came a worse scenario,… Read More »
How to open, get Mpesa Paybill Number for Company, business, fundraising (procedure)
Getting Mpesa Paybill Number: Have you ever wondered how to apply for, register, obtain, get or open this Safaricom Lipa na MPESA Pay Bill number that makes businesses run so smoothly? It’s actually simpler than you may have thought, just a couple of requirements and steps. Below is an application procedure of opening safaricom‘s mpesa paybill number for your company, organization, school, charity donation or fundraising. How to apply for Safaricom Lipa na Mpesa Paybill Number for companies NOTE: If you are looking for a procedures on how apply for a short term paybill number check this page: Short Term… Read More »
How to become a CEO: Course to do and Career Progression
This post shares briefly on what it takes to become a CEO and the journey you have to travel to get there. From the Course you have to do to career progression. Who is CEO? CEO is an abbreviation of Chief Executive Officer. There are many responsibilities that a CEO plays in a company but generally the CEO is in charge of the company’s departments and directs their operations. He is the highest ranking person in a company. How to become a CEO Some of the factors that can determine whether you can become a CEO include; Education Level: In… Read More »
Documents used in business transactions
Types of Documents used in business transactions Do you want to do some business transactions and you are worried which documents to use? The following documents can help in doing your business transactions. Types of documents used in business/financial transactions The invoice– used when demanding or requesting for payment Statement of account– sent to buyers of goods telling them the type of products they purchased Receipts of monies-written for the purposes of acknowledging payment Balance sheet– contains the assets and liabilities profit and loss account– shows the income and expenditure of a business Delivery note-it is like an invoice… Read More »
What to Consider when Selecting Car Insurance Cover in Kenya
Below is a list of some of the factors to consider before selecting a car insurance cover in Kenya and some of the best motor insurance companies in Nairobi. The insurance industry is a competitive one. There are many companies that offer motor insurance policies which makes it difficult to make the right choice. The following is what to look for when choosing the best policy for your motor vehicle. Car Insurance Rates Compare the quotes of different insurance providers. Keep an eye out for those who give low rates and verify whether they are able to meet the claims… Read More »
Mali Investment by Safaricom: How to register and Mpesa Paybill Number
Learn how to register and invest with Mali by Safaricom by paying via Mpesa Paybill or SSD Code. Get also to know of interest rates on investment income and terms. What is Mali? Mali is a Safaricom investment tool that allows M-PESA customers to invest in Unit Trusts and earn 10% interest yearly. You can invest from as low as Ksh. 100 using your mobile phone. Investors will also be able to withdraw money to mpesa anytime. Mali Investment Interest Rate Mali Investment interest rate is 10% per annum. You will however be taxed by the government 15% withholding tax… Read More »