Vodacom discontinue M-Pesa n South Africa

Vodacom will discontinue its M-Pesa product in South Africa with effect from 30 June 2016.

Speaking about the decision, Shameel Joosub, Vodacom Chief Executive Officer, says: “Vodacom’s decision is based on the fact that the business sustainability of M-Pesa is predicated on achieving a critical mass of users. Based on our revised projections and high levels of financial inclusion in South Africa there is little prospect of the M-Pesa product achieving this in its current format in the mid-term.”

In other markets where financial inclusion is limited and where there is a more supportive macro environment, M-Pesa continues to gain solid traction based on exponential growth in customer acquisition. Kenya and Tanzania are prime examples of this. It is important to note that this decision does not affect M-Pesa customers in Tanzania, Lesotho, Mozambique and the DRC, where the product continues to grow exponentially.

With regard to customers, Joosub says: “Vodacom is fully committed to mitigating any inconvenience to customers impacted by the decision and assures all M-Pesa South Africa customers that their funds remain safe and readily accessible. We remain of the opinion that opportunities exist in the Financial Services environment and we will continue to explore these.”

Mpesa Bank Paybill Numbers for All Banks in Kenya

Banks in Kenya have embraced M-Pesa across the board to provide their customers with fast, easy and convenient access to their money.

Safaricom Lipa Na M-PESA PayBill is a cash collection service that allows small or medium sized business to collect money on a regular basis from their customers.

The following is a list of Lipa na M-Pesa PayBill numbers for mobile banking services by different banks in Kenya.

Bank of Africa(BOA) 972900
Barclays Bank K LTD 303030
CFC Stanbic 600100
Chase Bank 552800
Comm. Bank of Africa 880100
Consolidated Bank LTD 508400
Co-operative Bank 400200
Credit Bank 972700
Diamond Trust Bank(DTB) 516600
Ecobank 700201
Equatorial Commercial Bank 498100
Equity Bank 247247
Family Bank Ltd 222111
Faulu DTM 328585
First Community Bank Ltd 919700
GTBank Kenya Ltd 910200
Gulf African Bank 985050
Housing Finance Company LTD 100400
I & M Bank Limited 542542
Jamii Bora Bank 529901
KCB 522522
K-REP BANK (Now Sidian Bank) 111999
KWFTDTM 101200
Musoni 514000
National Bank 625625
NIC Bank Limited 488488
Post Office Savings Bank 200999
Rafiki DTM 802200
Sidian Bank 111999
SMEP DTM 777001
Standard Chartered Bank 329329
Transnational Bank 862862
UBA Bank 559900
Vision Fund Kenya 200555; 549900
ABC Bank 111777
Prime Bank 982800
Uwezo DTM 504600


How to Deposit Money to ABC Bank Kenya via Mpesa

ABC Bank’s Lipa na M-Pesa paybill number is 111777

The Procedure for depositing money via M-Pesa to your ABC Bank account is as follows

  1. Go to M-Pesa menu on your phone, select “Lipa na M-Pesa
  2. Select “Paybill
  3. Select “Enter business no.” and enter the 111777 as the ABC Bank business no (Paybill Number) and press “OK”
  4. Enter the  account number (customers ABC Bank account) you are transferring money to and press “OK”
  5. Enter amount i.e. amount you want to deposit and press “OK”
  6. Enter your M-PESA PIN and press “OK”
  7. Confirm all the details are correct and press “OK”
  8. You will receive a verification window from M-Pesa where you have 1 minute to verify that the details are correct, if correct, dismiss or ignore, if wrong, enter the number 1 and press OK to cancel the transaction
  9. You will receive a confirmation SMS from M-Pesa immediately.
  10. ABC Bank will then send you a confirmation SMS shortly.

Charges: ABC Bank charges Kes 40* over and above what Safaricom charges

Kenya like many sovereign countries of the world has a document that is granted to foreigners to enter and temporarily remain within the country. The document that is referred to as a Visa is offered in diverse categories with the Single Entry Visa being the default Visa for foreigners.

The types of Visa issued by Kenya include-:

Single Entry Visa
A single entry visa is issued for single entry to persons whose nationalities require visa to enter Kenya either for business, tourism or medical reasons. The visa is valid for 3 months before you travel. Present yourself to immigration control at the port of entry, you may be issued with a stay period not exceeding 90 days.

Fee: $51

The standard fee for multiple journey visas shall be US $ 100 for all nationalities.

Transit Visa
Transit Visas are issued to persons connecting through Kenya to other destinations for a period not exceeding 72 hours. Those connecting flights directly without leaving the airport don’t need to apply for Transit visas.

Fee: $21

Courtesy Visa
This is a visa issued to Diplomatic, Official and Service passport holders coming into the country on official duties, or transiting through Kenya to a third country for official business or duties. It is issued free of charge / gratis.

Fee: $0 (No Charge)

Referred visas (Category 3)
Category 3 Visas are for Nationals of Countries, Classes and Categories Of Persons Who Require Referred Visas according to the laws of Kenya. Find out which countries require Referred Visas here.

The government of Kenya launched online visa application services using the eVisa platform where can now apply and pay your visa online.


All foreign citizens wishing to travel to Kenya will need an visa, except citizens from countries who are exempt.

The following category 1 countries do not need a visa to enter into the country with some countries having specified conditions.

Barbados Malawi St. Vincent and the Grenadines
Belize Malaysia (For less than 30 days stay) St.Kitts and Nevis
Botswana Mauritius St.Lucia
Brunei Namibia Swaziland
Burundi Nauru Tanzania
Cyprus New Guinea The Bahamas
Darussalam Papua Tobago
Dominica Rwanda Tonga
Fiji Island Samoa Trinidad
Ghana Seychelles Tuvalu
Grenada Sierra Leone Uganda
Jamaica Singapore Vanuatu
Kiribati Solomon Islands Zambia
Lesotho South Africa (For less than 30 days stay) Zimbabwe


Other people who hold special privileges do not require a visa to enter into the country. The following persons and circumstances qualify to exempt from requiring a visa.

  1. All persons whose passports are endorsed with valid Kenya re-entry passes or any other written authority in lieu of a re-entry pass.
  2. All passengers arriving and leaving by the same ship, and who do not leave the ship.
  3. All passengers in transit through Kenya arriving and leaving by the same aircraft or transferring to another aircraft and who do not leave the international transit lounges at the International Airports in Kenya.
  4. Holders of United Nations Organization Laissez-Passers whilst on official UN Business.
  5. Holders of African Union Laissez-Passers whilst on official A.U. business.
  6. Holders of African Development Bank Laissez-Passers, whilst on official A.D.B. business
  7. Holders of Arab Bank for Economic Development in Africa Laissez-Passers, whilst on official ABEDA business.
  8. Holders of International Red Locust Control Organization for Central and Southern Africa Laissez-Passers, whilst on official I.R.L.C.O. business.
  9. Holders of Desert Locust Control Organization Laissez-Passers, whilst on official D.L.C.O. business.
  10. Holders of COMESA Laissez-Passers, whilst on official COMESA business. xi. Holders of International Monetary Fund and World Bank Laissez – Passers whilst on official IMF/World Bank Business.
  11. Holders of Inter-Governmental Authority on Development (IGAD) Laissez- Passers whilst on official IGAD business.
  12. Holders of African Airlines Travel Association (IATA) Laissez- Passers whilst on official business.
  13. Holders of Environment Liaison Centre International (ELCI) Laissez-Passers whilst on official ELCI business.
  14. Holders of Union of Radio, Television Network of Africa (URTNA) Laissez- Passers whilst on official URTNA business.
  15. Holders of International Labor Organization (ILO) Laissez – Passers whilst on official ILO business.
  16. Holders of Preferential Trade Area/Common Market of East & Southern African Bank Laissez – Passers whilst on official PTA/COMESA business.
  17. Holders of European Union Laissez – Passers whilst on official European Union business.
  18. Holders of CIP (International Potato Centre) Laissez – Passers whilst on official CIP business.
  19. Holders of African Reinsurance Corporation (ARC) Laissez – Passers whilst on official ARC business.
  20. Holders of Diplomatic and Service Passports from The Islamic Republic of Iran for a period not exceeding (30) Days stay.
  21. Holders of Diplomatic, Official, Special, and Service Passports, from The Republic of Turkey and members of their families holding valid Diplomatic, Official, Special, and Service Passports, while on Transit or Stay not exceeding ninety (90) days.
  22. Holders of Diplomatic, Official or Service Passports from the Federal Republic of Brazil for a period not exceeding ninety (90) days.
  23. Serving Members of the British Military (are exempted from visa formalities).
  24. The manifested crew of ships and aircraft passing through or stopping in Kenya for periods not exceeding seven (7) days in the case of air crew and fourteen (14) days for ship’s crew.
  25. Owners of private aircraft stopping over for refueling in Kenya and who do not leave the precincts of the airport.


Passport holder of  countries referred to as CATEGORY THREE COUNTRIES are required to submit a paper based application for a visa to the Department of Immigration services. They do not qualify for an eVisa from the government electronic services.

Nationals of the following Category 3  Countries require a referral visa.

Afghanistan Armenia Azerbaijan
Cameroon Democratic People’s Republic of Korea (Formerly North Korea) Eritrea
Iraq Kosovo Lebanon
Libya Mali Palestine
Senegal Somalia Syria

The categorization takes into consideration the following factors

  • Applicants against whom there is some local objections or doubt in the country where the application is made.
  • Stateless persons or persons not holding valid passports or other travel documents issued by their own country of nationality, including recognized refugee holders of the United Nations Refugee Travel Documents.
  • Prohibited immigrants as enumerated under Section 33 (1) and (2) of the Kenya Citizenship and Immigration Act, 2011.


Tradecarview, one of Japan’s biggest used car online marketplace has unveiled import duty finance available at only 1.46% interest rate per month.

The discounted import duty finance will be available for customers who purchase only via Tradecarview. The interest rate is announced to be only 1.46% per month and a processing fee of only 2%.

Import duty in Kenya is big hindrance to the buying vehicles in Kenya due to the high rate of motor vehicle import duty. This move from the Japanese used car dealer is set to be a game changer.

Customers will be financed as soon as their purchases arrive at the port of Mombasa which means the wait time will be reduced to zero.

The move is one of kind from a used car marketplace with Tradecarview facing stiff competition from other used car dealers such as SBT and BeForward.

Importation of used cars from Japan and other countries has skyrocketed in the past five years due to increased trust worthiness from consumers in Kenya. Tradecarview like its competitors has set up an office in Kenya to handle customer requests.

The application process for the financing will be handled through CARVIEW Kenya Limited which has offices International House, 3rd Floor Mama Ngina Street. Customers can also reach them on phone (+254202484642, +254715720325).

Sidian Bank’s, which is formerly K-rep Bank, Lipa na M-Pesa paybill number is 111999. 

The Procedure for depositing money via M-Pesa to your Sidian Bank account is as follows

  1. Go to M-Pesa menu on your phone, select “Lipa na M-Pesa
  2. Select “Paybill
  3. Select “Enter business no.” and enter the 111999 as the Sidian Bank business no and press “OK”
  4. Enter the Sidian Bank account number you are transferring money to and press “OK”
  5. Enter amount i.e. amount you want to deposit and press “OK”
  6. Enter your M-PESA PIN and press “OK”
  7. Confirm all the details are correct and press “OK”
  8. You will receive a verification window from M-Pesa where you have 1 minute to verify that the details are correct, if correct, dismiss or ignore, if wrong, enter the number 1 and press OK to cancel the transaction
  9. You will receive a confirmation SMS from M-Pesa immediately.
  10. Sidian Bank will then send you a confirmation SMS shortly.

In addition to M-Pesa, Sidian bank has launched mobile apps that will allow their customers to enjoy seamless banking. See that here.

Read about K-Rep bank rebranding to Sidian Bank

K-Rep bank rebrands to Sidian Bank as it targets entrepreneurs (Video)



Financial institutions currently under liquidation in Kenya

Seventeen (17) financial institutions are currently under liquidation in Kenya.

Liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. The company’s operations are brought to an end, and its assets are divided up among creditors and shareholders.

The following banks are currently under liquidation in Kenya, some of which payments to customers and shareholders is underway through the Kenya Deposit Insurance Corporation.

Institution Name Liquidation Date
1. Post Bank Credit Ltd. 20th May 1993
2.  Meridien BIAO Ltd. 15th April 1996
3.  Ari Bank Corporation Ltd. 5th December 1997
4.  Reliance Bank Ltd. 12th September 2000
5.  Trade Bank Ltd. 18th August 1993
6. Thabiti Finance Co. Ltd. 19th December 1994
7. Fortune Finance Co. Ltd.  14th September 2000
8. Daima Bank Ltd. 13th June 2005
9. Dubai Bank Kenya Ltd. 24th August 2015
10.  Prudential Building Society  18th January 2005
11. Middle African Finance Ltd. 20th August 1993
12. Pan African Bank Ltd. 18th August 1994
13. Pan African Credit & Finance Ltd. 18th August 1994
14. Kenya Finance Bank Ltd. 29th October 1996
15. Prudential Bank Ltd. 5th May 2000
16. Trust Bank Ltd. 15th August 2001
17. Euro Bank Ltd. 21st February 2003


Stakeholders can follow up with the Kenya Deposit Insurance Corporation which is located at 1st Floor, CBK Pension House, Harambee Avenue, Nairobi, Kenya. Their website is http://www.depositinsurance.go.ke/.

Those with questions can call the KDIC on Tel. No. 0770 887992. Customers can also contact KDIC on email: kdiccommunications@depositinsurance.go.ke for more information.

3 banks have been put under receivership over the last 2 years. It’s safe to say that banking in Kenya has become a high risk venture. How then can you choose the right bank?

CBK classifies banks into tiers. Tier 1 is made up of the big old banks. These will ALMOST certainly never go under in a similar way as Chase or Imperial. They have millions of clients and hundreds of billions in assets. Some have government participation while others are locally and foreign owned.

6 banks make up the top tier, and collectively control 49.9% of the market. The banks are as follows-:

  • KCB
  • Equity Bank
  • Cooperative Bank
  • Standard Chartered
  • Barclays Bank
  • CBA

16 other banks make up Tier 2, and collectively control 41.7% of the market. The most stable of Tier 2 being the following banks

  • CFC Stanbic
  • NIC
  • Diamond Trust Bank
  • I&M
  • Chase Bank
  • Bank of Africa
  • Family Bank
  • Ecobank
  • Housing Finance

The last tier, Tier 3 is made up of 21 small banks that control 8.4% of the market. The following diagram provides a clear picture of the classification.

3.x3 matrix of Kenyan Banks

In June 2015, CfC Stanbic lost top-tier bank classification to CBA after dropping its market share by 0.5 percentage points to 4.92 per cent.

Changes in market share in the banking sector are mainly occasioned by growth in customer deposits as banks deployed various strategies for deposits mobilisation.

CBK has previously put over 3 banks under the Kenya Deposit Insurance Corporation (KDIC) receivership which include the recently troubled Imperial Bank, Dubai Bank and now recently Chase Bank.