This article was first published by Cytonn, and has been slightly shortened. View the original here . With the current available stock at 301,060, Kenya’s student housing gap has attracted private sector participation to increase supply. Some of the factors that have driven demand for student housing in Kenya include: Rapidly growing student population: According […]
Category: Nairobi Stock Exchange
BOA Bank appoints Nehemiah Mchechu new Board Chairperson
A statement released by the bank said Mchechu brings to the bank invaluable experience, knowledge and unique skills set with core competencies in leadership development, education, finance, banking, planning and general management. Mchechu is currently the Executive Chairman of Amboni Group of companies, a holding that has investment interests in various economic sectors such as […]
Centum hands over Two Rivers luxury apartments to buyers
Nairobi Securities Exchange Chief Executive Geoffery Oundo (left) and Centum Real Estate Chairman James Ruitha during the handover of the Riverbank apartments in Nairobi yesterday. [Wainaina Wambu, Standard] Centum Real Estate has handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. This is the first Centum […]
KPLC marks 100 years of service
Kenya Power and Lighting Company (KPLC) has released the unaudited financial results for the half year ended 31 st December 2021 outlining its transformation journey as it marks 100 years of powering the economy and strengthening services to the customers. Speaking in Nairobi, the KPLC acting Managing Director (MD) and Chief Executive Officer (CEO), Eng. […]
KENYA: KenGen to expand capacity of Olkaria geothermal complex
KENYA: KenGen wants to expand the capacity of the Olkaria geothermal complex ©Belikova Oksana/Shutterstock Kenya Electricity Generating Company (KenGen) is completing feasibility studies for the construction of Unit VII of the Olkaria geothermal power plant in Nakuru County, western Kenya. At the same time, the company is preparing for the commissioning of the Olkaria VI […]
KenGen posts Sh5b half-year profit on relief measures cut
KenGen head office in Nairobi. [Boniface Okendo, Standard] The Kenya Electricity Generating Company (KenGen) has reported a net profit of Sh5.12 billion for the six months ended December 2021. This is a slight increase from Sh5.06 billion posted over a similar half in 2020. The marginal increase was attributed to the withdrawal of relief measures […]
SAFARICOM : CUSTOMERS TO ENJOY 100% BONUS DATA IN NEW CAMPAIGN
Campaign dubbed ‘Nyakua Data Dabo Dabo’ aims at enabling prepay and postpay customers to do more with their data Nairobi, Kenya 15 th February 2022 … Safaricom (NSE: SCOM ) has today unveiled a new data campaign dubbed Nyakua Data Dabo Dabo , which will see customers enjoy 100% bonus data upon attaining their daily […]
CBK to Compel Safaricom’s Lipa na M-Pesa to Accept Payment from Rival Telcos
Point of Sale with Lipa Na M-pesa payment platform. [PHOTO/ COURTESY] The Central Bank of Kenya is set to launch a national payment gateway that will compel Safaricom to accept payment from rival firms such as Airtel on its Lipa na M-Pesa feature to enable seamless transactions. The move aims to curtail Safaricom’s dominance in […]
Ethiopia: Safaricom negotiates tower sharing deal with Ethio Telecom
(Ecofin Agency) – Telco Safaricom announced it is negotiating an infrastructure sharing agreement with the incumbent operator Ethio Telecom in Ethiopia. Anwar Soussa, MD of Safaricom Ethiopia, said the two parties are currently working with the Ethiopian Communication Authority (ECA) to work out the details of the partnership. “Ethio-Telecom and ourselves both have a commitment […]
How Mobile Financial Services empowered operators – and consumers – in emerging markets
In over 15 years of covering the telecoms sector in emerging markets, it has always been clear to us at Developing Telecoms that the issues encountered in these regions must be addressed with pioneering solutions that factor in the circumstances surrounding them. An approach that succeeded in developed markets will likely be unviable in emerging […]