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What Is the Central Depository Agent (CDA)?

By
Justus Kiprono
-

Companies and individuals that regularly engage in securities, fungible and tradable financial instruments like stocks or shares, limited investments, bonds, debentures, and other types of exchange-traded funds in Kenya are likely to interact with CDA – Central Depository Agent.

Central Depository Agents are banks and stockbrokers who execute buy and sell orders of securities only on behalf of clients and are not proprietary traders.

If we were in the Mongoloid era, CDAs could be the Nairobi Securities Exchange (NSE) floor brokers representing client orders manually on the trading floor. However, today, technology has brought flexibility by reducing complexity and enhancing performance even in the main markets, and they can now handle almost everything electronically.

With this expansion, CDAs can now offer their clients the ability to trade in all Kenyan securities listed on the NSE by registering them on the authorization of the Central Depository & Settlement Corporation Limited (CDSC), which was established in 1999 to reduce costs related to traditional central securities depositories that even had issuance of physical certificates and long duration transactions and provide clearing and settlement efficiencies by immobilizing securities and accessory rights in the stock market.

When CDAs register clients, it basically includes them in the Central Depository System (CDS), an enabler for everyone who wants to trade in NSE-listed securities. If you want to get a CDS account in Kenya, here are the CDAs you can talk to;

CDA: Banks and stockbrokers licensed by CDSC in Kenya

This is the list of banks and broker-dealers licensed to be Central Depository Agents in Kenya by CDSC;

1. ABC CAPITAL LTD

ABC Bank House, Mezzanine Floor, Westlands
P.O Box 34137 – 00100 Nairobi
Tel: 2246036/2242534
Email: headoffice@abccapital.co.ke
Website: www.abccapital.co.ke

2. ABSA BANK KENYA PLC

Westend Building, 5th Floor, Waiyaki way
P.O Box 30120-00100 Nairobi
Tel: 4254561
Email: ABKETreasuryOperations@absa.africa
Website: www.absabank.co.ke

3. ABSA FINANCIAL SERVICES LTD

Westend Building, 5th Floor, Westlands
P.O. Box 30120 -00100
Tel: 4254000
Email: bfslbbkenya@barclayscorp.com
Website: www.absabank.co.ke

4. ACCESS BANK KENYA

The Address, 11th Floor, off Muthangari Drive
P.O. Box 34353 – 00100 Nairobi
Tel: (020) 2224235/6
Email: info@tnbl.co.ke

5. AFRICAN BANKING CORPORATION LTD

ABC Bank House, Mezzanine Floor, Woodvale Groove, Westlands
P.O Box 3610-00800 Nairobi
Tel: 2246712/2217856/7/8
Email: talktous@abcthebank.com
Website: www.abcthebank.com

6. AIB-AXYS AFRICA

The Promenade, 5th Floor, General Mathenge Drive
P.O. Box 43676-00100 Nairobi
Tel: 2242170/2220517
Email: invest@aib-axysafrica.com
Website: www.aib-axysafrica.com

7. APA INSURANCE LTD

Apollo Centre, 07 Ring Road Parklands, Westlands
P.O. Box 30065 -00100
Tel: 2862000
Mobile: 0720652272/0734652272
Email: info@apainsurance.org
Website: www.apainsurance.org

8. APOLLO LIFE ASSURANCE LTD

Apollo Centre, 3rd Floor, Ring Road Parklands, Westlands
P.O. Box 30389 – 00100
Tel: 3641000
Mobile: 0722276556/0733676556
Email: insurance@apollo.co.ke
Website: www.apollo.co.ke

9. BANK OF AFRICA KENYA LTD

Bank of Africa House, Karuna Close, Westlands
P.O. Box 69562 – 00400
Tel: 3275000, 254703058120
Fax: 2214166
Email: info@boakenya.com
Website: www.boakenya.com

10. CO-OPERATIVE BANK OF KENYA PLC

KUSCCO, Ground Floor, Longonot, Upper Hill
P.O. Box 48231 – 00100 Nairobi
Tel: 020 – 32076100/ 3276000
Mobile: 0711049000
Email: custodial@co-opbank.co.ke
Website: www.co-opbank.co.ke

11. CREDIT BANK PLC

Mercantile House, Koinange Street
P.O. Box 30088 – 00100, Nairobi Kenya
Email: customerservice@creditbank.co.ke
Website: www.creditbank.co.ke

12. DRY ASSOCIATES LIMITED

Loresho Ridges, Kyuna Rd – Loresho
P.O. BOX 684 – 00606
Tel: 0705799971/0705849429/0738253811
Website: www.dryassociates.com

13. DYER & BLAIR INVESTMENT BANK

Goodman Tower, 7th Floor, Off Waiyaki Way
P.O. Box 45396-00100 Nairobi
Tel: 3240000/227803/4/5
Email: shares@dyerandblair.com
Website: www.dyerandblair.com

14. EFG HERMES KENYA LIMITED

8th Floor, Orbit Place, Westlands Road
P.O. BOX 349-00623, Nairobi Kenya
Tel: 020 3743040
Email: KenyaOperations@efg-hermes.com
Website: www.efghermes.com

15. EQUITY BANK GROUP PLC

Equity Centre, Ground Floor, Hospital Road, Upper Hill
P.O. Box 75104 – 00200 Nairobi
Tel: 2262000/2736620/2262479
Mobile: 0711026000/0732112000
Email: info@equitybank.co.ke
Website: www.equitybankgroup.com

16. EQUITY INVESTMENT BANK LTD

Equity Centre, Ground Floor, Hospital Road, Upper Hill
P.O. Box 74454-00200 Nairobi
Tel: 2262030/2262477
Mobile: 254 763056000/ 254 763063000
Email: info@equityinvestment.co.ke
Website: www.equitygroupholdings.com/ke

17. FAIDA INVESTMENT BANK LTD

Crawford Business Park, Ground Floor State House Road
P.O. Box 45236-00100 Nairobi
Tel: 243811/2/3
Mobile: 0724721014/ 0733243811
Email: info@fib.co.ke
Website: www.fib.co.ke

18. FRANCIS DRUMMOND & CO. LTD

Hughes Building, 2nd Floor, Kenyatta Avenue
P.O. Box 45465-00100 Nairobi
Mobile: 0724256815
Email: info@drummond.com
Website: www.drummond.com

19. GENGHIS CAPITAL LTD

1st Floor Purshottam Place, Westlands Road
P.O Box 607 – 00612 Nairobi
Tel: 2774750/1/2
Email: customerservice@genghis-capital.com
Website: www.genghis-capital.com

20. HFC LIMITED

Rehani House, Banda Street
P.O. Box 30088 – 00100, Nairobi Kenya
Email: hfcustody@hfgroup.co.ke
Website: www.hfgroup.co.ke

21. I&M BANK PLC

I&M Bank Tower, 8th Floor, Kenyatta Avenue
P.O. Box 30238-00100, Nairobi
Tel: 3221200/ 3221217
Email: invest@imbank.co.ke
Website: www.imbank.com

22. KCB BANK KENYA LTD

Kencom House, Moi Avenue
P.O Box 30664 -00100, Nairobi
Tel: 3270000 / 0711012000
Email: custody@kcbgroup.com
Website: www.kcbgroup.com

23. KCB INVESTMENT BANK LIMITED

Kencom house, 2nd Floor
P.O. Box 48400 -00100
Tel: 3270000
Email: investmentbanking@kcb.co.ke
Website: www.kcbgroup.com

24. KESTREL CAPITAL (EAST AFRICA) LTD

Orbit Place, Westlands Road
P.O. Box 40005 – 00100, Nairobi
Tel: 2251758/2210719
Email: info@kestrelcapital.com
Website: www.kestrelcapital.com

25. KINGDOM SECURITIES

Co-operative Bank House, 5th Floor, Haile Selassie Avenue
P.O. Box 48231-00100, Nairobi
Tel: 3276000/ 3276676
Email: info@kingdomsecurities.co.ke
Website: www.kingdomsecurities.co.ke

26. NCBA BANK GROUP PLC

NCBA House, Masaba Road, Upperhill
P.O.Box 44559-00100 Nairobi
Tel: 2888000/ 2888444
Mobile: 254711056444/ 254732156444
Email: custody@ncbagroup.com
Website: www.ncbagroup.com

27. NCBA INVESTMENT BANK LTD

NCBA House, Masaba Road, Upper Hill
P.O.Box 44599 – 00100, Nairobi
Tel: 2888444 /2888000
Mobile: 254711056444/ 254732156444
Email: custody@ncbagroup.com
Website: www.ncbagroup.com

28. PRIME BANK LIMITED

Prime Bank Office, Riverside Drive
P.O. Box 43825-00100, Nairobi
Tel: 4203000/4203116/4203148
Fax: 4451247/4203204
Email: custodial@primebank.co.ke
Website: www.primebank.co.ke

29. RENAISSANCE CAPITAL (KENYA) LTD

Pramukh Tower 10th Floor, Westlands Road, Chiromo
P.O. Box 40560-00100 Nairobi
Tel: 3682339/36821100
Email: info@rencap.com
Website: www.rencap.com

30. SBG SECURITIES LTD

Stanbic Centre, 2nd Floor, Chiromo, Westlands
P.O. Box 47198-00100 Nairobi
Tel: 3638900/3638080
Email: sbgs@stanbic.com
Website: www.sbgsecurities.co.ke

31. SBM BANK (KENYA) LTD

IPS Building, 7th Floor, Kimathi Street
P.O. Box 34886 – 00100
Mobile: 0730175000/ 0773758196
Tel: 020 2248842
Email: customerservice@sbmbank.co.ke
Website: www.sbmbank.co.ke

32. STANBIC BANK LTD

Stanbic Centre, 2nd Floor, Chiromo Road, Westlands
P.O. Box 72833- 00200, Nairobi
Tel: 3638000 /3268000
Fax: 3752905/7
Email: customercare@stanbic.com
Website: www.stanbicbank.co.ke

33. STANDARD CHARTERED BANK PLC

Standard Building Chiromo, 48, Westlands Road
P.O. Box 40984 – 00100, Nairobi
Tel: 3293900/1543/3748023
Fax: 3748023
Email: ky.securities-services@sc.com
Website: www.standardcharted.com

34. STERLING CAPITAL LTD

Delta Corner Annex, 5th Floor, Ring Road – Westlands
P.O. Box 45080-00100, Nairobi
Tel: 2213914/2244077
Mobile: 0723153219/0734219146
Email: info@sterlingib.com
Website: www.sterlingib.com

35. SUNTRA INVESTMENTS LTD

Nation Centre, 7th Floor, Kimathi Street
P.O. Box 74016-00200 Nairobi
Tel: 2870000/2211846/2223330
Mobile: 0724-257024, 0733222216
Email: info@suntra.co.ke
Website: www.suntra.co.ke

36. THE NATIONAL TREASURY

Treasury Building, 2nd Floor, Harambee Avenue
P.O Box 300007- 00100, Nairobi
Tel: 2252299
Fax: 310833
Email: investmentsecretary@treasury.go.ke
Website: www.treasury.go.ke
(Only serves the Government of Kenya)

37. UAP OLD MUTUAL SECURITIES LTD

UAP Old Mutual Tower, 3rd Floor, Upperhill
P.O. Box 50338 – 00200, Nairobi
Mobile: 254 711065000/254 711065800
Email: clientservices@oldmutualkenya.com
Website: www.uapoldmutual.com

38. UNCLAIMED FINANCIAL ASSETS AUTHORITY

Unclaimed Financial Assets Authority
Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way
P.O. Box 28235 – 00200, City Square, Nairobi
Telephone: +254 020 4023000 | +254 706 866984
Email address: info@ufaa.go.ke
Website: www.ufaa.go.ke

These CDAs help in ratifying CDS 1 forms when opening CDS accounts to trade shares of companies on CDSC in respect of the Nairobi Securities Exchange.

READ: How to Buy Shares in Safaricom (2024)

 

How to Buy Shares in Safaricom (2024)

By
Justus Kiprono
-

Buying Safaricom shares is one form of investing, the process of using money to potentially generate profitable returns.

We know all investments carry a varying degree of risk: the value of investments can fall as well as rise because they are subject to market volatility, and you could get back less than you invest.

But once you’ve decided you’re comfortable with the risks involved in investing in shares in the stock market, your next step in this article is to learn how you can buy Safaricom stocks in Kenya;

How to buy Safaricom shares online

Shares and stocks mean almost the same thing – they are financial instruments used by public companies to raise capital – but stocks largely represent the holder’s part ownership, in this case, Safaricom, while shares are the small units you will get when you buy them.

Only shares in publicly traded companies are available for purchase and sale, and Safaricom is one of them. It is the largest mobile operator in Kenya, listed on the Kenyan stock exchange Nairobi Securities Exchange (NSE) as SCOM in its Main Investment Segment.

When you buy SCOM shares, you own a slice of Safaricom PLC as a shareholder, and you stand to receive final dividends at the end of each financial year.

In the last three years, Safaricom has been paying shareholders between Ksh48 billion and 55 billion on average, and in the previous year, 2023, each received a dividend per share amount of Ksh1.20.

Safaricom’s lucrative dividend yield reflects its long-standing policy of returning value to shareholders, and you might be considering investing in its shares: How do I buy shares in Safaricom?

Step 1: Open a CDS account

A CDS account is a Central Depository System, a fully-fledged automated financial market infrastructure that holds and enables the transfer of fungible securities, such as shares, stocks, and equities, allowing investors to trade them in a centralized system.

In Kenya, CDS is operated by CDSC, the Central Depository & Settlement Corporation Limited, on approval by the Capital Markets Authority to register accounts for new investors and banks wanting to trade in securities listed in the Nairobi Stock Exchange and other non-listed ones, maybe in the Growth Enterprise Market Segment (GEMS).

So, to start buying Safaricom shares, you must have a CDS account. To register one as an individual, you need;

* 2 clear passport-size photographs
* A copy of your original ID or a valid passport
* Certificate of incorporation for companies
* Certificate of registration for organizations

Download the CDS account registration form CDS 1, fill in the details, attach the required documents, and sign before your Central Depository Agent (CDA), a bank, or a stockbroker authorized by CDSC to open securities accounts.

Your CDS account will be ready in less than 24 hours, and you can now proceed to the next step;

Step 2: Download the Dosikaa app

How to buy Safaricom shares online

Dosikaa is an online trading app by CDSC designed to make the Kenyan capital markets accessible to everyone through smartphones. It is available on major app marketplaces like Google Play and App Store for iPhone users.

After downloading the app, sign in using the email and phone number used during registration, and your CDSC account will be linked immediately. Here, you are ready for the final step:

Step 3: Buying Safaricom shares

Upon accessing your CDSC account via Dosikaa, you will see the stockbroker or the bank that helped you with account opening, and you can make real-time order placement to buy Safaricom shares.

To facilitate any share purchases online, an investor deposits funds through the stockbrokers since the mobile application only serves as an intermediary between the investor and the broker to aid in stock trading.

The good thing is when you want to buy Safaricom shares and your stockbroker is not listed on Dosikaa, you can create other CDS accounts with different brokers within the app and buy the shares.

What is the minimum amount to invest in Safaricom shares?

You don’t have to have a lot of money to start investing. First, opening accounts with CDSC and brokerages is free, and then you can purchase Safaricom shares.

In the previous annual general meeting of Safaricom shareholders, they emphasized that the minimum amount of shares to be bought by first-time investors is 100 units, which may cost roughly between Ksh1,300 and Ksh1,500 now that in NSE, it goes for approximately Ksh13 per share.

Can you buy Safaricom shares via Mpesa?

Note that you cannot just start buying Safaricom shares from nowhere. Ignore the articles providing wrong information. Before you send money to strange Mpesa pay bill numbers, know that if you intend to trade in shares listed on the Nairobi Stock Exchange, you must have an account with the central depository system CDSC for a faster, easier, and safer way of trading at the exchange for Mpesa only provides a means of depositing money in your CDS accounts and receiving dividends later on after holding and growing your Safaricom shares.

 

 

 

 

2024 Mpesa Charges in Lesotho

By
Justus Kiprono
-

In Lesotho, Vodacom Lesotho of Vodacom Group operates Mpesa, the popular and affordable mobile money service the telco introduced in 2013 to expand financial inclusivity amongst the county’s population using phones.

Mpesa allows cash withdrawals at Vodacom Mpesa agent shops, paying bills and other goods and services in merchant shops, sending money to people and businesses, and buying airtime, some costing something before it can be completed, and others free, for example, airtime purchases.

The transactions that cost money are withdrawals, sending money, and merchant payments. However, today, we are going to look at Mpesa charges in Lesotho for withdrawals and send money, and we’ll start with withdrawals;

Mpesa withdrawal tariffs Lesotho 2024

These are charges that a customer incurs depending on the amount of transaction when withdrawing funds from Vodacom Mpesa agents in Lesotho;

Amount to withdraw Updated withdrawal charges
M10 to M50 M1.73
M51 to M100 M2.60
M101 to M250 M3.91
M251 to M500 M5.85
M501 to M1,000 M8.77
M1,001 to M2,000 M12.61
M2,001 to M3,000 M12.73
M3,001 to M4,000 M12.98
M4,001 to M5,000 M13.16

The maximum amount per transaction is M5,000, and you cannot withdraw less than M10 from Vodacom M-PESA agents outlet in Lesotho.

Mpesa send money fees in Lesotho

These are charges that a customer incurs depending on the amount of transaction when sending money to Vodacom registered users within Lesotho today;

Amount to send Mpesa charges 2024
M10 – M50 M1.16
M51 – M100 M1.73
M101 – M250 M2.60
M251 – M500 M3.91
M501 – M1,000 M5.85
M1,001 – M2,000 M8.40
M2,001 – M3,000 M8.49
M3,001 – M4,000 M8.65
M4,001 – M5,000 M8.77

 

Exchange Rates for Commercial Banks in Kenya Today

By
Justus Kiprono
-

The exchange rate is the price of a unit of foreign currency in terms of domestic currency typically quoted against the US dollar (USD), as it is the most traded currency globally, and other floating currencies like the Euro and the British Pound Sterling, whose prices go up and down according to how the currency trades on forex markets.

For economies like Kenya, the foreign exchange rate is an important economic variable showing how the country is coping with global economic activities, inflation, and the nation’s balance of payments with the changes in the value of the Kenyan Shilling.

Each week, the Central Bank of Kenya (CBK) releases bilateral exchange rate data indicating the average nominal value of one US dollar relative to the Kenyan Shilling. This exchange rate report shows how the shilling traded against all other major currencies in a particular week.

Foreign exchange rates CBK – February 2024

Released date: Feb 16
In the past week, the Kenyan shilling gained significantly and proved stronger in terms of its weighted average against a basket of currencies, including the US dollar.

On Wednesday, Feb 14, it was selling at Ksh156.70 per one USD, Ksh153.20/USD on Thursday up to Friday when CBK reported that the exchange rate in most commercial banks averaged Ksh142.9185/USD that week.

Here;

Code Currency name Exchange rate
USD US Dollar Ksh142.9185
GBP Pound Sterling Ksh179.4342
EUR Euro Ksh153.5231
AUD Australian Dollar Ksh92.8756
ZAR South African Rand Ksh7.5317
KES/UGX Ugandan Shilling 27.1029
KES/TZS Tanzanian Shilling 17.7724
KES/RWF Rwandan Franc 8.9076
KES/BIF Burundian Franc 19.9815
AED UAE Dirham Ksh38.9122
CAD Canadian Dollar Ksh105.8224
CHF Swiss Franc Ksh161.7823
JPY Japanese Yen Ksh94.8774
SEK Swedish Krona Ksh13.6178
NOK Norwegian Kroner Ksh13.5334
DKK Danish Krone Ksh20.5930
INR Indian Rupee Ksh1.7214
HKD Hong Kong Dollar Ksh18.2698
SGD Singapore Dollar Ksh105.9715
SAR Saudi Riyal Ksh38.1086
CNY Chinese Yuan Ksh19.8675

 

 

 

Showmax Subscription Plans in Kenya Explained: How Much Does It Cost?

By
Justus Kiprono
-

Showmax, which recently surpassed Netflix to be the leading streamer in Africa, kicked off to the general public in 2015.

The video-on-demand service is now the most subscribed streaming platform in the continent with 2.1 million subscribers, marking up a 38.7% market share against Netflix’s 33.5%, thanks to original documentaries and feature films and strategic partnerships with the world’s most successful TV networks HBO, NBCUniversal, Sky, and Comcast.

“In the last few years, Showmax has over-indexed on local content, and they are clearly seeing the long-term impact of that strategy,” film industry investor and tech entrepreneur Jason Nkoju told Rest of World. “It’s a volume game that the global streaming companies don’t fully seem to comprehend. I guess they will understand that now. The mass market prefers [its] own content.”

Showmax subscription options 2024

Today, Showmax is available in 44 countries, and Kenya is among them: subscribers here can access and pay for Showmax’s three main subscription plans and two other mini bundles for watching the Premier League, one on mobile devices and the other, Showmax Entertainment + Premier League, supporting all devices like set-top boxes and streaming devices like Android TV, Apple TV, and Chromecast.

Showmax prices in Kenya start at Ksh300 for its basic package, Showmax Entertainment Mobile, showing movies and series ad-free on smaller resolutions of between 144-1080p, hence data saving.

Other Showmax packages are the Showmax Premier League, Showmax Entertainment, Showmax Entertainment Mobile + Premier League, and Showmax Entertainment + Premier League, its premium subscription plan. Check out their monthly pricing from the cheapest to the most expensive;

No. Showmax package Price in Kenya (2024)
1. Showmax Entertainment Mobile Ksh300 per month
2. Showmax Premier League Ksh500 per month
3. Showmax Entertainment Ksh650 per month
4. Showmax Entertainment Mobile + Premier League Ksh700 per month
5. Showmax Entertainment + Premier League Ksh1,000 per month

Does Showmax allow downloads?

Yes – To make sure you always have something to watch offline, you can download TV shows or movies on Showmax, but it is limited to 25 titles per account. However, once you delete them, you can download them again at any resolution you like.

All Showmax supported devices

Web

* Chrome 102+ (Windows/Mac)
* Firefox 102+ (Windows/Mac)
* MS Edge 102+ (Windows/Mac)
* Safari 14+ (Mac)

Mobile devices

* iOS 14 or above
* Android 7.0 or above
* Huawei with HMS / App Gallery

TVs & streaming devices

* Android TV
* Apple TV
* LG TV
* Samsung TV
* Hisense TV
* Chromecast

Set-top boxes

* Explora Ultra
* Streama

PlayStation

* PlayStation 4

Xbox

* Xbox One
* Xbox Series X
* Xbox Series S

READ: Netflix in Kenya: Subscription Plans and Pricing 2024

 

Postal Codes List and ZIPs for Mombasa, Kenya

By
Justus Kiprono
-

If you want to send a letter or a parcel to Mombasa by mail, you will need to specify the Mombasa postal code. Postcodes or ZIP codes, as it is popular in the US, mean the same thing – they are specific sets of numbers sometimes combined with letters that identify a postal delivery area.

Mombasa has a lot of postal codes, and they differ not only from one part of the city to another but also inside the parts of the larger coastal region in Kenya, encompassing the Kwale, Kilifi, and Malindi areas.

Therefore, when you are in Mombasa, a valid postcode will depend on where you live, as the order of the five-digit numbers can tell where an individual is, plus the location where their mail is sorted before delivery.

Predominantly, an example Mombasa postal code or ZIP code will start with 80- followed by other detailed numbers. See 80100 for Mvita, 80101 for Bamburi, 80110 for Likoni, 80118 for Nyali beach area, and so on.

Here is a list of postal codes for Mombasa and the regions on the coast of Kenya covering counties like Kwale and Kilifi;

Mombasa postcodes

* Changamwe – 80102
* Kilindini – 80107
* Bamburi – 80101
* Kengeleni – 80122
* Mtopanga – 80117
* Likoni – 80110
* Mombasa Mvita – 80100
* Makupa – 80112
* Mvita Docks – 80104
* Coast General – 80103
* Nyali – 80118

Kwale postcodes

* Kinango – 80405
* Kikoneni – 80410
* Lunga Lunga – 80402
* Shimoni – 80409

Kilifi postcodes

* Ganze – 80205
* Kilifi – 8010
* Vitengeni – 80211

Malindi postcodes

* Malindi – 80200
* Gongini – 80206
* Kakokeni – 80209
* Mtwapa -80109

If you are going to send an important letter or documents to anybody in Mombasa, be sure to find out their exact ZIP codes before inputting their private postal address to guarantee successful delivery and receiving.

In Kenya, personal postal addresses are administered and issued by MPost upon online application and payment of a Ksh400 annual subscription fee.

2024 Fares for Mash Poa Buses

By
Justus Kiprono
-

There are many ways of getting safely to various locations in Kenya, but admittedly, public transportation saves you time, stress, and money. So, if you are planning to get around the country, you might consider using Mash Poa, a bus company that provides fast, frequent, reliable, and accessible service to meet the needs of today’s riders.

Mash Poa Buses, operating regionally as Mash East Africa under several flagships like Mash Cool, offers local routes that provide easy access to employment hubs in several cities and convenient connections to small towns across Kenya with regional transportation services to towns like Kampala in Uganda and Kigali.

There is a lot to know about Mash Poa Buses, from its humble beginnings in 2002 at the turn of the century to becoming the ultra-modern and environmentally friendly public transit agency it is today, maintaining a fleet of over 50 buses that represents the latest in bus technology and the cleanest fuel sources.

“At Mash EastAfrica, we have a variety of vehicles that give our customers a comfortable traveling experience. We will regularly monitor the needs of our passengers and take reviews from them, and according to that, we offer a great atmosphere for them so they can enjoy their journey in great comfort and safe hands.” The bus company states.

That said, Mash Poa is an affordable, eco-friendly ride. Some of its top routes are Nairobi to Mombasa, whose tickets in 2024 cost Ksh1,300 for Mash Poa and Ksh1,600 for Mash Cool, Nairobi to Malindi, Nairobi to Kigali, and Nairobi to Kampala, UG’s capital.

Other popular routes are Nairobi to Kisumu for Ksh1,500, the same as tickets from Nairobi to Kakamega and Mumias, and the Malaba, Bungoma, Webuye, Eldoret to Mombasa route, which costs Ksh2,500 regular. Check out all the routes and latest fare prices;

Mash Poa bus fares in 2024

Traveling from; To Bus fare price
Nairobi Mombasa Ksh1,300
Nairobi  Kakamega Ksh1,500
Nairobi Mumias Ksh1,500
Malaba Mombasa Ksh2,500
Mombasa Kisii Ksh2,000
Bungoma Mombasa Ksh2,500
Narok Mombasa Ksh2,000
Chavakali Mombasa Ksh2,500
Migori Voi Ksh2,000
Rongo Mombasa Ksh2,000
Voi Nairobi Ksh1,300
Malindi Nairobi Ksh1,600
Kilifi Nairobi Ksh1,600
Mombasa Migori Ksh2,000
Mombasa Malaba Ksh2,500
Mombasa Kapsabet Ksh2,000
Mombasa Bomet Ksh2,000
Mavueni Nairobi Ksh1,600
Nairobi Kampala Ksh3,000

For online bookings and to learn more about Mash Poa routes and prices, call their main office at 0730889000/0733623260.

If you are in Migori, their phone number is 0725078973, and for those in Kisii, call 0727082281.

 

How to Okoa on Telkom Kenya

By
Justus Kiprono
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Okoa Jahazi is how we manage our airtime for everyday calling, messaging, and internet when an airtime account has a negative balance – but this is on the Safaricom line, so what about Telkom Kenya?

Does the Telkom SIM card have the same product as Okoa Jahazi? Yes, users in Kenya can borrow Telkom airtime when their account runs out. It is called PEWA.

PEWA is the perfect solution to reload your phone with airtime for calls during an emergency when you don’t have money to buy airtime in the shops or using T-Kash, and aside from calls and SMS, the borrowed credit is usable for other chargeable Telkom services like buying data bundles to browse the internet except for roaming.

How do you borrow airtime on Telkom?

Here is how to access PEWA airtime advance on your Telkom line in Kenya:

1. On your Telkom SIM dialler, dial *100# to access the customer self-service menu
2. Go to option number 2 ‘Top-up’


3. You will see several ways of recharging Telkom airtime, but go to 4 ‘PEWA’ for credit advance
4. Choose to get Pewa Airtime
5. Enter the amount and press Send to get the airtime advance

The airtime loan will be recharged to your account automatically and instantly in seconds. Upon successful borrowing, you must pay back within seven days with a 10% service charge.

Telkom Pewa has a validity of 30 days. To qualify for any amount, you need to have been a Telkom subscriber for at least two months and have a record of consistently recharging and utilizing its services.

Further, when you qualify to access this service, your balance must be below Ksh20 to get the advance airtime.

 

Nairobi Expressway Tolls Rise in 2024. How Much More You Are Paying

By
Justus Kiprono
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Nairobi Expressway toll rates increased by an average of 39% starting in 2024 as the first system-wide hikes after almost three years due to revenue needs to pay off the Chinese investor China Road and Bridge Corporation.

The price hikes were approved by the Cabinet Secretary in the Ministry of Roads and Transport Kipchumba Murkomen through a review of The Public Roads Toll Act, which went into effect immediately.

The CS said that the government needed supplemental funding to clear the loans taken to construct the Nairobi Expressway because, over time, the shilling had lost significant value against the US dollar in which the loans were taken.

“The adjustment was made based on the Project Agreement taking into account the depreciation of the Kenya Shilling to the United States dollar since the time of gazettement of the Toll Rates in April 2022,” he said.

Now, commuters using the toll roads from Museum Hill, The Mall, and Westlands and leaving the Expressway at Mlolongo are charged Ksh500, up from Ksh360, and pay a similar rate when they exit through Syokimau, except those from Museum Hill.

Those entering the Nairobi Expressway through Capital Centre and Haile Selassie pay a toll of Ksh410 when they leave at Mlolongo and an additional Ksh50 from the previous Ksh120 when passing through to exit at the Southern Bypass or Museum Hill:

Nairobi Expressway toll rates – 2024

Check out all rates shown in the table below;

Entry point Exit New tolls
Mlolongo SGR Ksh250
Mlolongo Eastern Bypass Ksh250
Mlolongo Southern Bypass Ksh330
Capital Centre Mlolongo Ksh410
Haile Selassie Syokimau Ksh410
Haile Selassie JKIA Ksh330
SGR Eastern Bypass Ksh170
JKIA Eastern Bypass Ksh170
Syokimau Southern Bypass Ksh330
Museum Hill Southern Bypass Ksh250
The Mall Southern Bypass Ksh250
Museum Hill Eastern Bypass Ksh330
Mlolongo Museum Hill Ksh500
Capital Centre Westlands Ksh330
Eastern Bypass Mlolongo Ksh250
Capital Centre Haile Selassie Ksh170
Capital Centre Museum Hill Ksh170
Southern Bypass JKIA Ksh250
JKIA Haile Selassie Ksh330
JKIA Westlands Ksh410
JKIA Museum Hill Ksh330
Southern Bypass Mlolongo Ksh330
Eastern Bypass Syokimau Ksh250
SGR Capital Centre Ksh330
Eastern Bypass Westlands Ksh410
Westlands Mlolongo Ksh500
Westlands Eastern Bypass Ksh410
Capital Centre Museum Hill Ksh170
The Mall Mlolongo Ksh500
Westlands Syokimau Ksh500
Westlands Southern Bypass Ksh330
Syokimau Capital Centre Ksh330
SGR Westlands Ksh410

The above toll rates are for the standard light vehicles with two-axles or four-wheeled vehicles. Otherwise, the Nairobi Expressway maintained its formula for calculating tolls based on the vehicle’s classes, with commuters driving vehicles with two axles and a high bonnet paying 1.5x more these charges, 4x the base toll rates for those having fewer than four axles or Class 5 and 5x for Class 6 vehicles.

Equitel Withdrawal Charges and Other Fees in Kenya – 2024

By
Justus Kiprono
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In the spirit of making life easier, Equitel was created by Equity Bank to provide funds accessibility and choice of payment to their customers and also to other Kenyans – it’s not a must to have an Equity Bank account to register for an Equitel SIM card.

If you are an Equity Bank customer, the Equitel line allows you to transfer money from your bank account and withdraw it through an Equitel agent to get cash, the same as for regular users.

When making Equitel money withdrawals from their agents, the transaction usually comes with a fee, and these withdrawal charges vary and depend on the amount you want to get in cash. For example, the fee to withdraw Ksh2,000 is Ksh27.50, like getting Ksh1,000, the withdrawal charges for amounts from Ksh2,501 to Ksh5,000 is Ksh49.50 in 2024, Ksh159.50 for withdrawing Ksh20,000 and below up to Ksh10,001, Ksh187.00 for Ksh20,001 to Ksh35,000 and so on:

Here are all Equitel withdrawal charges;

The minimum amount you can withdraw at an Equitel agent is Ksh100, and the maximum amount is Ksh100,000, although the daily transaction value is Ksh500,000.

Amounts to withdraw from Equitel Applicable fees (2024)
Ksh100 to Ksh2,500 Ksh27.50
Ksh2,501 to Ksh5,000 Ksh49.50
Ksh5,001 to Ksh10,000 Ksh82.50
Ksh10,001 to Ksh20,000 Ksh159.50
Ksh20,001 to Ksh35,000 Ksh187.00
Ksh35,001 to Ksh50,000 Ksh214.50
Ksh50,001 to Ksh100,000 Ksh242.00

Equitel also permits its registered customers to send money within themselves for free, no matter the amount, and to other people using other lines, Airtel and Safaricom’s Mpesa.

However, when sending money to Mpesa and Airtel Money accounts, all transactions are subject to charges based on the amount and the mobile money service between the two, except for Ksh100, which is zero.

Sending amounts between Ksh101 to Ksh500 from Equitel to Mpesa costs Ksh10 and Ksh11 on Airtel Money, Ksh501 to Ksh1,000 is charged a transfer fee of Ksh12 and Ksh13, respectively, all the way to the maximum amount you can send instantly, Ksh150,000, charged Ksh67 to Mpesa and Ksh65 to Airtel Money.

Equitel to Mpesa/Airtel Money charges 2024

See what it will cost you today to send money from your Equitel SIM card to Mpesa or Airtel Money users in Kenya;

From Equitel amount To Mpesa charges To Airtel Money charges
Ksh1 – Ksh100 FREE FREE
Ksh101 – Ksh500 Ksh10 Ksh11
Ksh501 – Ksh1,000 Ksh12 Ksh13
Ksh1,001 – Ksh1,500 Ksh14 Ksh20
Ksh1,501 – Ksh2,500 Ksh23 Ksh25
Ksh2,501 – Ksh3,500 Ksh33 Ksh35
Ksh3,501 – Ksh5,000 Ksh43 Ksh45
Ksh5,001 – Ksh7,500 Ksh55 Ksh55
Ksh7,501 – Ksh20,000 Ksh65 Ksh65
Kah20,001 – Ksh150,000 Ksh67 Ksh65

When you send money from Equitel to Mpesa or Airtel Money, recipients receive funds within seconds.

READ: Mpesa: Withdrawals, Tariff of Charges 2024

 

 

 

 

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