The success of the business irked traditional taxi operators in Kenya who attacked Uber drivers. That violence only made the service more popular.
The value of mobile-money transactions grew by 29% to 5.29 trillion shillings, while M-Pesa revenue surged 27% to 41.5 billion shillings
“This is not the moment to think about expansion. You’d almost be insane to think of setting up in those countries" - CEO James Mwangi
“The collapse and consolidation of some...small and medium-sized banks might even create a stronger banking sector replacing small, weak banks"
Kenya Airways says rescue plan to cost $690m as seeks to emerge from country's biggest corporate loss>Bella Genga
The carrier, based in the capital, Nairobi, has been working on a turnaround plan after posting a loss that shocked the region.
Plans to become the first Kenyan lender to begin operating in neighbouring Ethiopia, as it expands presence in DR Congo looks to Mauritius in 2017