Nairobi, June 17-Tala, the consumer lending app in emerging markets, has disbursed loans to over 2.5 million customers globally. This was revealed during the celebrations to mark the company’s five year anniversary.
Speaking during the launch of ‘Tala at 5’ celebrations, the head of Tala’s Kenya business, Ivan Mbowa, said that Tala has changed the way people and small businesses operate and has become a major vehicle for progress throughout the country.
“Financial inclusion is an important condition for sustainable and equitable growth. Over the past five years we have witnessed first-hand the socio-economic impact of digital lending amongst households and micro-entrepreneurs,” Mr. Mbowa said. “With over 90% loan repayment rate, Tala has been the difference for millions of Kenyans hustling their way into the global middle class. Their trust in us is measurable and reflected in our top Google Play store ratings, referrals to family and friends and consistent calls from customers for more products and connection to their lives.”
Tala remains the largest non-bank fintech in the market having pioneered the use of non-traditional credit underwriting to create financial identities and provide much-needed liquidity for the underbanked.
“We have made significant progress in the past five years. Our loyal customer base has been growing steadily and we have managed to retain our leading market share notwithstanding growth and competition in the industry,” said Shivani Siroya, Founder and CEO of Tala. “We take pride in the work we have been doing, and as we face the future, we are well positioned to connect millions of Kenyans to financial services that can advance their lives.”
The success of Tala not only means financial access for those who have never had it, but also economic development for whole markets, as it creates a pathway for aspiring Kenyans to take control of their financial lives.
Fintech has brought a new paradigm to the design and implementation strategies for financial inclusion. In Kenya, the last five years have been characterized by a surge in Fintech growth with parallel progress in financial inclusion. Tala has been at the forefront of the digital revolution, transforming financial services especially for those who have little or no formal credit history.
Looking ahead, Tala will continue playing a crucial role in providing life-changing financial support in Kenya and around the world. “Our credit product was designed to meet the immediate needs of the emerging middle class, but our technologies have the power to fulfill so much more. We are set to launch a number of initiatives intended to accelerate the development of products and service solutions that have the potential to transform financial services,” Mr. Mbowa said.
“While technology is a big component, customer experience is the foundation underlying our success. To catalyze the expansion of accessible financial services for all, products must be developed with the customer at heart,” Mr. Mbowa added.
With an established customer base in Kenya, Tanzania, the Philippines, India, and Mexico, Tala is also looking at cementing its leading position while expanding to several other countries in the next five years.
By thingskenya Reporter
Nairobi, Kenya Oct 11- One of the suspects questioned over the murder of Monica Kimani, Brian Kassaine, has been released.
Principal Magistrate Justus Kituku in Kiambu Court however said Kassaine, who was arrested 13 days ago will be required to report to the Directorate of Criminal Investigations (DCI) every Thursday for the next two months.
Kituku has also directed the Kassaine deposits his passport with the police within the next 48 hours.
On his part, Lead investigator Maxwell Otieno said Mr Kassaine was still being investigated in connection with the murder.
Detectives investigating the matter applied to have Mr Kassaine released with the condition that he appear before them twice every week to facilitate further investigations.
Meanwhile, other suspects, TV Journalist Jacque Maribe and her fiancé Joseph Irungu are expected to appear in court on Monday after they were ordered remanded until Ms Maribe undergoes a mandatory mental test.
Nairobi, Kenya, July 5-More than 3.2 Million Kenyans file income tax returns as deadline closes More than 3.2 Million Kenyans filed their 2017 income tax returns as the filing period officially closed on Saturday 30th June, 2018.
The improvement is significant with a 60% growth over last year, which saw two million Kenyans file their returns by 30th June; the number has grown by more than a million this year.
This is attributed to efficiency of the iTax platform and the increased awareness campaign undertaken by Kenya Revenue Authority (KRA), encouraging early filing of returns as well as on-site filing support extended to organizations countrywide.
“We value you as a taxpayer. Thank you for being among the more than 3.2 Million responsive Kenyans who filed their annual income tax returns and all others who complied in other tax obligations. KRA recognise your contribution towards making the country self-sustainable,” said Commissioner of Domestic Taxes Department, Mr Benson Korongo.
By David Njenga
In an exciting new direction, Huawei Mobile Kenya has introduced the Y Series range of phones in the country to provide consumers with quality and affordable smartphone options.
Speaking at the launch of the new phone range at Huawei offices in Nairobi, Huawei Device Kenya, Country Director, Derek Duh said the Y series will target the growing mobile market segment providing powerful budget smartphones which offer productivity, entertainment and a superb photography experience.
“The introduction of the Y series phone is part of Huawei’s strategy to target all categories of users and offer high-quality products at different price points by focusing on the high-end phone quality, technology and innovation in all our products to provide our consumers with a unique smartphone experience” said Derek
She added “The Y series powerful cameras, extended battery life and affordable pricing will allow a higher uptake of smartphones in country affording unique experiences that meets the needs and requirements of our users.”
Retailing at Sh. 22,999; Sh.12, 999 and Sh.8,999 respectively, the new Y series range of smartphones are all powerful upgrades of their predecessors that were launched last year in April.
The Y7 Prime comes with a 5.5-inch screen with HD 720, 4,000mAH battery capacity with intelligent power-saving technology for longer use, even with the advanced and faster latest android 7.0; fingerprint scanner for better security and 12MP rear camera for quality photography.
The Y5 2017 also boasts a powerful camera and a 3,000 mAH high density battery for extended battery life. The phone has 2GB RAM and 16GB ROM and convenient easy keys.The Y3 2017 has an increased screen size that provides the user with an amplified viewing experience with an 8-megapixel camera, a higher resolution than its predecessor.
A research on the Kenyan smartphone landscape by Jumia Business Intelligence and GSMA Mobile showed that 67 percent of Kenyans are classified as internet users. The rise of this internet penetration is attributed to an increased uptake of smartphones due to the emergence of various players in the Kenyan market. The current mobile penetration of 82 percent and the increase in purchasing power of middle-class in the country has further encouraged Huawei to invest in expanding its smartphone portfolio and overall presence the Kenyan mobile market.
The launch of the Y series phone ties into Huawei’s overall business strategy in 2017 to leverage its existing market in the country and grow local sales by 50 percent.
Through creating meaningful innovations and unique products Huawei intends to compete more favorably in the congested local mobile market to increase their current market share from its 14 percent as at end of 2016.
Kenya Tourism Board (KTB) has rolled out promotional activities at key shopping malls across the country targeting domestic travelers ahead of the August holidays
KTB Chief Executive Officer Dr. Betty Radier says the ground activation programs are part of the campaigns to spur the growth in domestic tourism segment.
Domestic tourism last year recorded a 14.6% growth with a total of 3.6 million bed nights being taken up by domestic travelers compared to 3.1 million in 2015.
This growth is attributed to aggressive marketing initiatives conducted by the Board towards building interest for travel within the country.
Affordable travel packages are available for the Kenyan traveller as KTB and partners mount mall activation campaigns at city hall Nyali in Mombasa from 7th – 9th July 2017.
Similar activations with affordable domestic activations are lined up to take place in Kisumu, Nakuru and Nanyuki throughout the month.
“Holidays are for everyone and we are inviting our citizens to visit these malls and get themselves affordable packages for their families and friends. Kenyans must feel and enjoy tourism,” said Dr. Radier in a statement.
Constant flow of information on domestic tourism potential, products and offers have changed consumer attitudes and travel behavior as Kenyan residents are now more aware of the benefits of taking regular breaks away from home.
Dr. Radier said the launch of train commuter services from Nairobi to Mombasa and vise versa has had direct impact on domestic travels.
Most accommodation facilities at the coastal region are packaging their offers along with the commuter train services that have enhanced ease and affordable travel for Kenyans, mostly travelling from Nairobi.
“A good number of Kenyans especially families and groups are now travelling by commuter train over the weekend mostly to the coastal regions for leisure activities. Accommodation facilities along Tsavo National reserves and the adjacent towns are already reporting higher booking because of commuter train services,” added KTB CEO.
From Left: Farouk Khimji, Head of Products and Marketing, Diamond Trust Bank (DTB) Kenya Limited,
Jennifer Theuri, Chief Executive of Integrated Payments Services (IPSL) Limited and Nasim Devji, Group
CEO and Managing Director, Diamond Trust Bank (DTB) Kenya review the PesaLink platform when Ms.
Theuri paid a courtesy call to her DTB counterpart.
Jenifer Theuri, Integrated Payment Services Ltd CEO, Geoffrey O. Odundo, Nairobi Securities Exchange
C.E.O and Rose Mambo Central Depository and Settlement Corporation C.E.O officially seal the Tripartite
Agreement that will see M-Akiba trade on PesaLink at Nairobi Securities Exchange offices in Westlands,
he National Security Agency just declassified a hefty 643-page research manual called Untangling the Web: A Guide to Internet Research (PDF) that, at least at first, doesn’t appear all that interesting. That is, except for one section on page 73: “Google Hacking.”
“Say you’re a cyberspy for the NSA and you want sensitive inside information on companies in South Africa,” explains Kim Zetter at Wired. “What do you do?”
Well, you could type the following advanced search into Google — “filetype:xls site:za confidential” — to uncover a trove of seemingly private spreadsheets. How about an Excel file containing Russian passwords? Try: “filetype:xls site:ru login.”
These are just two examples of the numerous private files that are inadvertently uploaded to the Internet, and can be accessed if you know the right Google search terms.
Here are a few more:
Pretty neat, huh? Declassified information being what it is, though, some of the search tips can appear a little dated.
And even if keyboard espionage isn’t really your thing, the document contains a number of practical tips anyone can use to become a better Googler:
* Adding a tilde (~) immediately before a term will search for its synonyms. For example: “Scary ~animals” will also search for “scary creatures,” etc.
* Repeating a word will help you find more relevant hits. For example a search for “java coffee coffee coffee” will cut down on the results about the programming language.
* You can use Google wildcard (*) to replace a term in a query if you don’t know exactly what you’re searching for. For example: “Sacramento is the * of California.