Airtel Money staff assisting clients make financial transactions as mobile banking services gained traction in Uganda. PHOTO | MORGAN MBABAZI The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. According to its 2020 […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
NAIROBI, Kenya Jan 5-Money market funds continued to perform better than all the other asset classes such as equities and real estate in 2021 , for the second year in a row, a new Cytonn report shows . The analysts at Cytonn attributed the good performance of the Money market funds to their higher returns […]
Retail and institutional investors have been seeking higher guaranteed returns on the Nairobi Securities Exchange. PHOTO | FILE Both retail and institutional investors have been seeking higher guaranteed returns available from government securities, as earnings from other asset classes such as equities and cash deposits remain low. The government’s large appetite for debt also fuelled […]
Kenyan startup Wowzi has raised a total of US$3.2 million across pre-seed and seed funding rounds to help it scale its influencer marketing platform across the continent. Launched in 2020, Wowzi is an online marketplace that democratises influence, connecting everyday social media users with big brands, and enabling nano and micro creators to earn money […]
Airtel kenya Towards the end of 2021, ICT regulator the Communications Authority of Kenya (CA) announced plans to cut call termination rates, also referred to as mobile termination rates (MTRs) from KES 0.99 to KES 0.12 per minute. The new rates were supposed to go live on Jan 1, 2022. However, the development has since […]
Construction of a cashew nut factory in Kilifi County. Cashew nut farmers at the Coast have established an online payment platform to get rid of brokers blamed for woes that brought down the once-thriving sector in the region. The over 15,000 farmers from Kilifi, Lamu and Kwale counties recently also signed a purchase agreement with […]
Expect internet services from Kenya Power. In an attempt to cut losses, Kenya Power and Lighting Company (KPLC) has revealed its plan to connect millions of customers in rural homes with high-speed internet. Previously, KPLC has been leasing fibre-optic cables attached to its transmission lines to Internet service providers. Due to an increase in demand […]
Transsion Group brands Tecno, Infinix and itel are the latest additions to Safaricom’s affordable device financing program dubbed Lipa Mdogo Mdgo. The program, launched over a year and a half ago , allows Kenyans access to 4G smartphones from Safaricom at a small fee, starting at Kshs 20 per day after paying a deposit. “In […]
Ukur Yatani- Cabinet Secretary for National Treasury at Parliament Buildings, Nairobi. June 10, 2021. [Jonah Onyango, Standard] This year will be all about the economy. None other than politicians gunning for the highest seat in the land have signalled that the narrative this year will be on how to transform the economic fortunes of ordinary […]
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