Kenya Power building in Nairobi CBD. File Kenya Power, and electricity in general, has become an ubiquitous component of today’s living to an extent it is difficult to fathom that, slightly over a century ago, none of it existed in Kenya. The company, which was formerly christened Kenya Power and Lighting Company (KPLC), has in […]
MTN Uganda has introuced a mobile overdraft service in the country following the success of the Safaricom MPESA Fuliza overdraft service . Dubbed Momo Advance, the Service is a collaboration between MTN Mobile Money Uganda and NCBA Bank Uganda. NCBA Bank is the same bank that has run Fuliza, the region’s first mobile overdraft service […]
Vodacom shareholders have approved a proposal to buy a controlling 55% stake in Vodafone Egypt for the equivalent of US$2.68 billion. The deal, first proposed in November 2021 , means South Africa-based Vodacom will have a footprint covering 500 million people across Africa and more than 40% of Africa’s gross domestic product (GDP). Vodacom group […]
AstraZeneca pharmaceutical company has been named the top employer in Kenya under the pharmaceuticals category by the Top Employers institute alongside Novartis, a world leader in the research and development of products. The firm which is certified in fourteen countries is a British-Swedish multinational pharmaceutical and biotechnology company whose prominence rose with the onset of […]
Nakumatt, with 63 outlets in three countries at its peak, looked like it was too big to fall. There were no red flags that Nakumatt Supermarket was on the verge of collapse. Like the elephant on its logo, Nakumatt, with 63 outlets in three countries at its peak, looked like it was too big to […]
Car & General Chief Executive Officer Vijay Gidoomal. [Courtesy] Car & General’s shares have staged one of the biggest short-term rallies in the history of the Nairobi bourse, lifting the wealth of its shareholders by Sh1.69 billion in two weeks. The rally, which started on January 6 – a day after the firm announced the […]
Collective investment schemes raised their holdings in listed stocks by 88 percent in the third quarter of 2021, riding on gains in the share prices of blue-chip companies at the Nairobi Securities Exchange (NSE) #ticker:NSE . The value of quoted equities on the schemes’ books stood at Sh8.66 billion at the end of September, up […]
Bags full of money [Courtesy] Money stashed by Kenyans in hard currency accounts touched a record high of Sh798.7 billion in November last year, as jittery investors rushed to hedge their funds from being eroded by a weakening shilling. This was an increase of Sh84.6 billion, or 12 per cent, compared to Sh714.1 billion that […]
The Kenya Mortgage Refinance Company (KMRC) made additional drawdowns worth Sh2.8 billion on a National Treasury loan facility in 2021 for onward lending to mortgage lenders, the company has revealed. The KMRC has an existing Sh18.82 billion credit line that is being on-lent to it by the government from a financing package worth Sh30 billion […]
Diversified trading firm Car & General #ticker:CGEN increased its reliance on borrowing in the year ended September, with the company saying it is betting on improved profitability to lessen the debt burden in the coming years. The ratio of its net debt to shareholder funds, technically known as gearing ratio, rose to 93 percent in […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.