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Kenyans in Diaspora can send more money per transaction through MPESA after Safaricom issues new rates

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Safaricom has become the first player in the mobile money business to cut prices following a request from President Uhuru Kenyatta.

On Sunday, Mr Kenyatta asked banks and mobile money providers to consider reducing the cost of transactions to allow customers use cashless modes of payment as part of measures to stop transmission of Covid-19, widely known as new coronavirus.

Safaricom said on Monday that it would like to thank Central Bank Governor Dr Patrick Njoroge for hosting a meeting with the telecommunications industry players to discuss the evolving situation around the Covid-19 pandemic.

“The meeting follows the directive by H.E. President Uhuru Kenyatta to explore ways of deepening mobile money usage to reduce the risk of spreading the virus through the physical handling of cash,” the firm’s chief executive Michael Joseph said in a statement today.

“The President also directed that we consider reducing the cost of using mobile money during this period,” he added.

In the meeting, it was agreed that all person-to-person transactions below Sh1,000 shall be free.

This means that from tomorrow morning (Tuesday 17), M-Pesa users will be able to send any amounts below Sh1,000 for free over the next 90 days.

READ ALSO:   President appoints a governor for Kenyans in the Diaspora

This comes as countries such as China moved to disinfect banknotes with ultraviolet light, even though the World Health Organisation said that it still doesn’t know how long the virus survives on objects such as money.

South Korea recently said it was taking all banknotes out of circulation and destroying some of them in order to curb spread of the virus.

The spotlight now shifts to banks and other telecommunications firms to follow suit.

Small and micro business enterprises (SMEs) using M-Pesa have also been allowed a higher limit of Sh150,000 daily transactions, up from the current Sh70,000.

Kenyans will also be able to transact up to Sh300,000, up from the current limit of Sh140,000, and hold up to Sh300,000 in their M-Pesa wallets.

Safaricom said it was also working with the government by providing a call centre and integrating a toll-free line (719) which has been set up by the National Emergency Response Committee on Coronavirus to support Kenyans in understanding how to prevent and manage suspected cases.

“We have also interconnected other networks to ensure that their subscribers can access the call centre. All calls to 719 are free. We remain committed to working with all stakeholders to help our nation through this crisis,” the firm said.

READ ALSO:   VIDEO: Kenyan who killed an American woman in Tacoma car crash suffered from schizophrenia - Lawyer

-Nation.co.ke


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Business

KQ resumes direct flights to New York

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The national carrier Kenya Airways (KQ) resumed its direct flights between Nairobi and New York on Sunday.

In a tweet, KQ announced the move and topped it up with an offer to passengers who book their flights before December 10 that they will enjoy discounted prices.

Welcome back to the Big Apple! Today we resume our service between Nairobi and New York, and we can’t wait to welcome you on board. Book your ticket via https://t.co/hitS3Whxtp before December 10th to enjoy discounted rates ✈️🌎 *Disclaimer – video from our pre-COVID archives pic.twitter.com/1kET4h0kRK

— Kenya Airways (@KenyaAirways) November 29, 2020

“Welcome back to the Big Apple! Today we resume our service between Nairobi and New York, and we can’t wait to welcome you on board,” the airline said.

The national carrier last operated the passenger flights using the Nairobi-New York route in April after disruptions caused by the Covid-19 pandemic.

KQ resumed international flights in August after suspending all its operations in March following the government’s directives after the firsts case of Covid-19 was confirmed in Kenya.

On Saturday, October 31, KQ announced that it had postponed New York flights’ resumption.

READ ALSO:   67 Kenyans in held in US prisons

Through a notice, the airline said the decision to postpone the flights was informed by the increased cancellation of flight bookings to New York.

“We regret to announce that due to increased cancellations of flight bookings to New York City, we have pushed back the resumption of our service to this destination to November 29. We sincerely apologise for the inconvenience caused,” read the statement then.

Kenya Airways inaugurated direct flights to the US in October 2018, cutting the journey to the US by 15 hours and by October 2019 KQ had flown at least 105,084 passengers after completing 594 flights to and from New York.

by NN


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Bodaboda chama grows into a multi-million shilling housing cooperative

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A journey of a thousand many miles starts with a single step. A Nakuru-based bodaboda operator’s self-help group proved this in its growth. Driven by the ambition to have something to take home once they couldn’t ride any more, ten bodaboda operators from Barut, Nakuru West in 2015 formed Kianjahi Group, pooling a minimum savings of Sh100 per week per person.

“Being a bodaboda operator is a risky job and has serious effect on one’s health especially if you don’t dress properly for the cold. After attending a seminar in Machakos we decided to start making savings,” said Benson Sigei, the group chairperson.

The group grew as more members joined in 2016. After evaluating their progress, the members increased their weekly savings to Sh200 and eventually to Sh1,000.

“Before the year ended we were nearly 100 members. Our savings were growing and we had to come up with plans which some members considered as too ambitious and pulled out,” says Sigei. With savings of nearly Sh2 million, they bought a 1.6-acre piece of land which was previously a sand quarry.

“It cost us Sh2.1 million in buying the land and rehabilitating it to usable standards. We embarked on making savings for constructing houses which would be of similar design,” he said.

READ ALSO:   VIDEO: Wakenya Marekani washerehekea na kutoa shukrani

To make this possible they converted the group into Kianjahi Housing Cooperative Society Limited and introduced Sh15,100 registration fee and minimum share capital of Sh60,000 payable in Sh500 weekly instalments.

AmpThe group started the construction of two-bedroom houses in a gated community model.

“Every member now contributes a minimum of Sh1,500 for savings every week. Those yet to clear their share capital make an additional payment of Sh500. This amount does not exert great pressure on the riders since the majority make nearly KShs1,000 per day.

The group then started the construction of two-bedroom houses in a gated community model where four houses sit on every 50 by 100 feet plot. The cooperative completed the construction of the first 50 units majority of which have already been occupied.

“We took a Sh15 million loan and in addition to our savings we bought an additional acre of land at Sh2.1 million. In the first phase, we have constructed 52 housing units. 35 members have already moved in,” said the vice-chairman.

The cooperative has bought a third parcel of land on which they intend to set up houses for all members. Members who moved in during the first phase like pay Sh2,000 per month. Sh200 goes to savings and Sh1,800 going towards offsetting the cost of construction. The payment for the houses is spread over seven years.

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by Standardmedia.co.ke


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Business

Enough is Enough: Kenyan man in US relocates to motherland to become a farmer

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In a bold move and which took great courage, a former Kenyan Diaspora man Kunga Kihokia who was born and raised in Miami Florida has moved back to Kenya, bought a 20 acres piece of land and established an organic farm in Murang’a.

Initially, Kunga had planned to be in Kenya for three weeks 5 years ago but after what he says was the realization of the problems affecting Kenyans because of western lifestyle which he himself was struggling with, he felt strongly to start an organic farm to address those problems.

Kunga has built a water tower to use gravity that allows the water to get pumped and distributed  through  irrigation into the field. Everything in the farm is powered by solar energy and he has dug a borehole that supplies enough water for the farm. Watch the video, be inspired  and enjoy.

Source: Diasporamessenger.com


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READ ALSO:   VIDEO: Kenyan man in US who almost died of Covid-19 says he met Bob Marley and 'came back'
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