Connect with us

Companies

Faiba4G Users Vexed By Network Outage

News Team

Published

on

This is an updated article from earlier reporting.

Faiba4G users across the country experienced a connection breakdown with their internet on Tuesday mid morning and early afternoon hours after their 4G devices and lines failed to connect to internet.  The first complaint was raised about 11am on Tuesday morning.

Complaints trickled on twitter from customers since mid-morning with tweets inquiring what the problem could be as they could not access internet using the Faiba app, MiFi devices.  “..apologies for the inconveniences caused. Kindly allow us to check and resolve.” Was the only response given to all inquiries. Airtime loaded to accounts via Mpesa could not work reflect on their accounts.

Efforts to reach Jamii Telecom during the outage could also not bear fruits as their customer service lines were also reported not to work.

The Tuesday morning incident follows a steady stream of complaints going back months of unreliable internet from the firm. Their selfcare portal was reported not to work over the weekend and restored on Monday.

Faiba, a product from Jamii Telecom, has long been touted as the best internet service provider through a dedicated 4G network in Kenya.

However, the product seems to lose favor with subscribers with complaints of long and frequent downtimes, sometimes lasting a few days and bad connection especially at night.

Jamii Telecommunication Limited (JTL) began operations in Kenya as a mobile service provider at the beginning of 2017.

The company subsequently launched Faiba 4G which offers services that include SMS, data bundles and free-on-net calls on condition that a subscriber has a valid data bundle.

Comment using Facebook

Kenya's most incisive and informative platform to learn about business news, technology, markets, companies, startups, leadership advise, curated business and industry opinion, and affluent lifestyles.

Companies

PMC Estates Limited’s Wonderful Solution that is Easing Landlords’ Stress

Inversk Review

Published

on

PMC Estates Limited has launched a campaign that is meant to ease stress for landlords

PMC Estates Limited, one of the leading property letting and management companies in Kenya has launched a solution-oriented campaign dubbed ‘Landlord Bila Stress’ which is aimed at partnering with landlords and property owners in helping them to manage their rental properties with much more ease.  The initiative will see landlords take advance rental payments against their managed properties.

“Landlords can now take advantage of this advance payment and direct the funds to any of their priority areas including construction, mortgage or loan repayments or for their personal needs. The advanced funds shall then be recovered over an agreed period of time through rent collections,” says Peter Kariuki, PMC Estates Managing Director.

The firm, which specializes in professional letting and management of both residential and commercial properties in Kenya, has introduced this initiative to further empower investors in properties to grow their wealth through mutual partnerships that will propel social and economic prosperity.

The ‘Landlords Bila stress’ initiative will provide a great opportunity which translates that landlords will no longer have to wait for the month to end in order to access cash. The landlord will also have an opportunity to access more cash than what the property is generating on any given month.

“This PMC Estates solution will offer landlords an opportunity to get customized financing to further help them improve the standard of their property, which will in-turn have a ripple effect on the rental value leading to more income,” says Kariuki.

He notes that PMC Estates shall not only commit to finance facelifts, improvements, repairs and renovations to ensure the landlords earn more from their investment but that the firm will also carry out a thorough inspection of the property to offer the owner, a detailed proposal with budgets on the needed works to be done.

“This is already happening with our current happy landlord partners and we are keen to enlist more property owners to take advantage of this great opportunity,” notes Kariuki.  The company will also be holding Landlord empowerment forums in various satellite towns in the country to sensitize property owners on how they can take up and enjoy the incentives being offered

Comment using Facebook

Continue Reading

Banks

Sh1,000 Notes Abroad to be Exchanged in the Country, CBK Says

News Team

Published

on

Patrick Njoroge, the Central Bank of Kenya (CBK) Governor, has urged those with the old Sh1,000 notes that are out of the country to exchange them in Kenya before the October 1st deadline elapses.

The Governor dismissed permitting conversion of the old currency outside the country, adding that the CBK had alerted all foreign banks to cease recognition of the old notes.

He further said that banks outside the country will not be receiving any new notes to aid in conversion, contending that this would defeat the process of demonetization.

“If you have the Kenyan currency and you happen to be outside the country, there is only one way to get value for it before October 1. You have to take a trip here and go through the procedures outlined in the Gazette notice and subsequent releases,” said Dr. Njoroge when speaking at a press briefing yesterday.

“You cannot convert it to any other currency out there since this would defeat the process of demonetization.”

Earlier this month, notices were issued from the Bank of Tanzania and the Bank of Uganda discontinuing the conversion of the old currency in their banks. In addition, they have directed their countries’ banks to apply more stringent due diligence processes to all currency flows.

The procedures to be followed for currency conversion by locals will also be followed by those coming into the country.

Dr. Njoroge has warned that measures have been put in place to thwart any efforts to clean illicit money in nations involved in significant financial transactions with Kenya.

After the East African Community allowed free movement of goods and people across member states, the Kenyan shilling is frequently used in business transactions in neighbouring countries.

The result is that this money comes back home through those trade routes and official currency repatriation mechanisms between central banks of countries in the Community.

He also said that the deadline will not be extended, arguing that an extension would create a loophole for those seeking to clean their dirty money to do so.

Comment using Facebook

Continue Reading

Banks

Safaricom and Equity in Deal to Offer Loans to Contractors

News Team

Published

on

Safaricom contractors that may find themselves short on cash will now be able to access as much as Sh200 million in unsecured short-term loans following a deal between the telco and Equity Bank. This will help the contractors to maintain cash flow positions before receiving payment for their services.

The firm wrote a letter addressed to its business partners in which it said that the aim of the deal is the creation of a more procurement-ready business. The main beneficiaries will be Safaricom dealers, suppliers, and agents.

In the fiscal year ended March 2019, Safaricom had 440 dealers, 156,000 M-Pesa agents, and 1,164 suppliers.

“We are pleased to inform you of our partnership with Equity Bank which will offer our partners financing solutions linked to purchase orders and invoices,” said Francis Murabula, Safaricom’s head of supply chain management, in the letter.

He is asking the dealers, suppliers, and agents for consent to share their information including contact details, invoice and purchase order information to enable loan processing for potential firms.

Contractors will be able to borrow from Equity before or after they fulfill their contractual obligations with Safaricom.

The terms and amount of the loan applied for will depend on each company’s credit rating.

Therefore, for a contractor to qualify for an unsecured loan of up to Sh200 million, they have to be using unpaid accounts for goods and services that have already been provided to Safaricom as their collateral.

Comment using Facebook

Continue Reading

Trending

Copyright © 2019 INVERSK MAGAZINE. Developed by ITIPS