Kenyan banks want to take on Safaricom’s M-Pesa and other players

“If you cannot beat ’em, be part of ’em” is the strategy taken by conventional banks in Kenya attempting to seize a bigger chunk of the cell cash market dominated by Safaricom’s M-Pesa service. Because of its widespread adoption by small companies and people in Kenya, Tanzania, Mozambique, DR Congo, Lesotho, Ghana and Egypt, M-Pesa … Read more

Earnings from America’s largest banks are likely to disappoint

Banks usually are not so optimistic about their prospects.picture: Spencer Platt (Getty Photographs) The monetary world is anticipating a report earnings day on Friday (January 13) – however based mostly solely on the variety of banks reporting earnings – the outcomes they’re set to launch usually are not trying rosy. Analysts’ expectations for 4 of … Read more