NAIROBI, Feb 10 (Reuters) – Kenya’s central bank has invited the public for views on the potential introduction of a digital currency, in a shift from its original opposition to crypto assets. The East African country pioneered mobile money payments with Safaricom’s M-Pesa in 2007, but its central bank has not issued a digital currency […]
Safaricom #ticker:SCOM repeatedly set the prices of its promotions lower than the actual costs of the calling services, harming competitors, its rival Airtel has claimed. The alleged sustained cutting of prices below that of competitors and below actual costs of services made it hard for Airtel to operate profitably and constituted anti-competitive behaviour, Airtel says. […]
Kenya Airways CEO Allan Kilavuka and Treasury PS Julius Muia during a Public Accounts Committee in Parliament to answer audit questions on January 24, 2022/EZEKIEL AMING’A MPs are questioning the procedure of conversation of Sh24 billion loans to equity at Kenya Airways. The National Assembly Public Accounts Committee wants former Treasury Principal Secretary Kamau Thugge […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG Kenya Airways will start direct flights from Milan to Nairobi on June 8 as demand for booking picks up ahead of summer. KQ, as the airline is known by its international code, will operate on Wednesday […]
Solar energy for Bamburi cement plants in Kenya Bamburi Cement, the subsidiary of the Franco-Swiss group LafargeHolcim, has signed a power purchase agreement with Momnai Energy. The cement manufacturer will equip its Mombasa and Nairobi plants with two solar photovoltaic (PV) power plants totalling 19.5 MWp. Bamburi Cement is going green. The Kenyan subsidiary of […]
Kenya: Bamburi Cement has signed a power purchase agreement (PPA) with Momnai Energy to set up two solar plants. One 14.5MW unit will be situated next to its integrated Mombasa plant and the other 5MW unit by its Nairobi grinding plant. This will account for up to approximately 40% of the cement producer’s total power […]
The launch is in response to a growing need from clients for a better quality of data and insights around TV media buying. WPP-Scangroup’s MediaCom has launched a tool that measures the impact of television advertising dubbed SpotlLift. The company said bringing the new product to the market is in response to a growing need […]
London — Broadcasters and streamers – particularly international streamers – are now looking at the thriller genre in Africa for new acquisitions and licensing deals. Russell Southwood spoke to Benjamin Cowley, CEO, Gravel Road about an unusual Ghanaian film from the genre called Gold Coast Lounge. Gold Coast Lounge is being represented by Gravel Road […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
Print Track Keywords An Africa equity-focused fund manager believes that it pays to bet on Africa’s earnings growth. Steyn Capital Management , an African and frontier markets-focussed equities investor located in the Winelands surrounding Cape Town, South Africa, has been investing in African markets since 2009. It manages more than US$700m in a South African […]
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.