National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR Kenya Mortgage Refinance Company (KMRC) can now float Sh10.5 billion Medium-Term Note after clearance by the Capital Markets Authority’s (CMA). The state-owned mortgage financier plans to issue the private bond in several tranches, starting with one for Sh1.4 billion which will be disbursed to participating primary […]
Introduction Background of ESG in Kenya As we move towards a holistic approach to evaluating companies’ performance, the environmental, social and governance (ESG) indicator has now been universally accepted as a valuable metric at gauging the non-financial performance of a company. There has been a global shift towards incorporating sustainability practices in business activities. This […]
I&M brank in Kenya. PHOTO | FILE | NMG The Nairobi Securities Exchange-listed firm made the acquisition in April last year but the payments to the shareholders have been staggered to take into account other pending asset and valuation matters. I&M had initially estimated to spend $31.6 million in the buyout but the amount had […]
Sabis International School at Runda in Nairobi. PHOTO | SALATON NJAU | NMG A leading international school partly owned by Centum Investments , Investbridge Capital, and SABIS has won a Sh3.1 billion tax dispute with the Kenya Revenue Authority (KRA) over the construction of the school in Kiambu county. The taxman had dismissed a Sh3.1 […]
CA Kenya The mobile termination rates (MRTs) debate has been ongoing for a couple of days now, and that’s for good reason because there are some pressing issues that are yet to be addressed by the ICT regulator the CA, as well as input from the so-called ‘smaller’ telcos, namely Airtel and Telkom Kenya who […]
•According to NSSF Managing Trustee, Anthony Omerikwa, the demand for NSSF services has gone beyond formally employed people to entrepreneurs. •Customers can register for NSSF membership, keep track of their contributions, top up and manage their NSSF account. Safaricom Chief Financial Services Officer Sitoyo Lopokoiyit, NSSF Managing Trustee Antony Omerikwa and Safaricom Chief Enterprise Business […]
Ethio Telecom failed to reach its revenue target in the last half-year before it faces competition from Safaricom. The company achieved only 86.4% of its target in the last half of 2021, though that was 6.7% up on the same period of 2020, Ethio Telecom said. The actual revenue was 28 billion birr (US$565 million), […]
Safaricom, the new operator in Ethiopia, is gearing up for its launch in competition with Ethio Telecom by asking for partners in areas from network equipment to content. The company, a joint venture of Safaricom Kenya, Vodacom, Sumitomo and the UK government’s CDC funding group, wants bidders to submit proposals over the next few weeks. […]
The number of Kenyans taking loans from financial institutions has risen by 10 percent since 2019, with majority borrowing as a means of survival. PHOTO | FILE | NMG The number of Kenyans taking loans from financial institutions has risen by 10 percent since 2019 reaching about 14.4 million, occasioned by a slight improvement in […]
Safaricom , one of the leading mobile telephone network providers in Kenya, is reportedly asking users to visit the nearest Safaricom shop or any partner agency with their IDs to update their SIM details in a process that will also require submitting face biometrics. Dickson Otieno , editor of news portal Tech-ish and a Safaricom […]
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