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Kenya banks lose $11m card payment revenues to telcos


The East African
Tuesday January 19 2021
An ATM booth. Most customers in Kenya opted to use mobile money over debit or credit cards in the wake of the pandemic. PHOTO | FILE | NMG
Summary
Customers stopped using debit, credit and prepaid charge cards in favour of mobile money payment platforms such as M-Pesa, whose transactions of up to $9.17 were free.
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Top banks in Kenya have raised a red flag over an expected significant drop in net earnings for the year 2020.
They cite deteriorating economic conditions and the Covid-19 containment measures, which have seen the entire banking industry lose over Ksh1.2 billion ($11 million) worth of revenues from card payments to telcos mobile payment platforms in nine months. ....

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Striking Kenyan health workers hope for vaccine | DW News - latest news and breaking stories | DW


Striking Kenyan health workers hope for vaccine
In Kenya, 32 health care workers have died of COVID-19, and more than 3,000 have been infected. Medical workers on strike are demanding better pay, health care coverage and adequate protective gear. Their biggest hope now is that the COVID vaccine arrives soon.
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