Market watch at EABL National Stock Exchange (NSE) [David Gichuru, Standard] Investors at the Nairobi Securities Exchange (NSE) will now be able to borrow, lend and trade shares among themselves. This follows approval by the Capital Markets Authority (CMA) of a securities lending and borrowing (SLB) solution developed by the Central Depository and Settlement Corporation […]
Central Bank of Kenya building, Nairobi. [Wilberforce Okwiri, Standard] Over the past few weeks Kenyan regulators and the financial services sector have made crucial steps in introducing new digital investment products for the Kenyan market. The Central Bank of Kenya is currently receiving comments from the public on the viability of digital currency issued and […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG South Africa’s Standard Bank has been given one year to complete the purchase of more shares in its local subsidiary Stanbic Holdings with a target of attaining a 75 percent stake. This marks the latest extension of the buying window since the multinational […]
UBL staff led by Ag. MD Eunice Waweru join other winners at Prudential Best HR Practice awards. Uganda Breweries Limited (UBL) was on 18th February 2022 recognized as the overall winner for the Best Human Resource (HR) Practices in Uganda during the Prudential Best HR Practices Report launch at Kampala Serena Hotel. The recognition came […]
Umeme electricians recovering illegal materials from the network in Nyendo, Masaka during an anti-power theft campaign The Ugandan government has blocked new investments by power distributor, Umeme, as it searches for a new investor who will help in bringing down the cost of electricity and improve the quality of the distribution network as well as […]
Capital Markets Authority acting CEO Wyckliffe Shamia (R) and Nairobi Stock Exchange CEO Geoffrey Odundo during a past workshop The Capital Markets Authority (CMA) plans to install a surveillance system for real-time tracking of Nairobi bourse activities to unmask insider dealings. The regulator says the system will help it to monitor trading activities on the […]
Construction of Olkaria V geothermal power plant, Kenya Oct. 2018 (source: LinkedIn/ Roberto Razo) After months of delays due to the COVID-19 pandemic, the Kenya Electricity Generating Company (KenGen) has announced that the Olkaria Unit 6 power plant is expected to be commissioned within the next three months. The added 86 MWe of generation of […]
Safaricom Home Fibre Router We have our many shares of reservations about home internet in Kenya, but nothing comes close to the offerings of Safaricom Home Fibre. The product, which is now the leading service of its kind ahead of Zuku and JTL, has been lauded for its reliability and customer service, but it used […]
Another day, another deal is in the works. Safaricom yesterday unveiled a new data campaign dubbed Nyakua Data Dabo Dabo. It will see customers enjoy 100% Safaricom bonus data deals upon attaining their daily data targets. Safaricom Deals: 100% Data Bonus In a statement yesterday , Safaricom noted the campaign, is a build on the […]
Safaricom (NSE:SCOM) registered further growth in M-Pesa transaction values in the quarter ended December, lifting revenue of the telco which now makes most of its sales from the financial service. The performance of M-Pesa in the review period was disclosed by Safaricom’s parent company Vodacom Group. “Our M-Pesa platform, including Safaricom, continues to scale at […]
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