Kenya Airways’ #ticker:KQ customers lost Sh4.48 billion last year after they failed to show up for their flights, leaving them with expired tickets. The value of the expired tickets have been disclosed in the airline’s latest annual report. KQ, as the carrier is known by its international code, books revenue from ticket sales whether customers […]
Photo courtesy The Kenya Pipeline Company (KPC) has launched a fibre optic cable to run alongside its soil pipeline from Mombasa to Nairobi to Eldoret and Kisumu through Nakuru. The project which is expected to diversify the company’s revenues involves a single-mode fibre (SMF) product that was initiated in 2018 under a tier 2 network […]
The total market capitalisation of sub-Saharan Africa’s stock markets rose 3.2 percent to $1.20 trillion year to date (March 2022) in United States dollar terms on the back of positive price movements and appreciations witnessed by the Mauritius Stock Exchange (0.7%) Botswana (2.6%), Tanzania (1.2%) and Malawi (4.4%) exchanges, respectively, as the region continues to […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
Nairobi — The Nairobi Securities Exchange(NSE) has sent its heartfelt condolences to the friends and family of Mwai Kibaki, who served as Kenya’s third president from December 2002 to April 2013. The NSE Board Chair Kiprono Kittony noted that Kibaki’s contributions as Minister of Finance, Vice President and thereafter President, saw the steady growth of […]
A client using mobile money service M-Pesa. Ethiopia’s central bank has drafted a Bill that will allow foreign investors to offer mobile money services, boosting firms such as Safaricom that are seeking to start operations in the country this year. PHOTO | FILE | NMG A consortium led by Safaricom last year secured the first […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Business Insider Africa understands that the deal is yet to be finalised. No mention was made about the financial consideration for the deal. Safaricom is expected to launch its Ethiopian operation any moment from now. Safaricom Ethiopia, the recently-incorporated subsidiary of Kenyan telecom giant Safaricom Plc, said it has reached an agreement in principle with […]
Strive Masiyiwa, Econet wireless chairman The latest report prepared by Hartland-Peel is an update as of March 2022 and covers the Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation. Below are highlights from the report. According to the report, MTN Group had the highest market capitalisation among other companies in the region, […]
Addis Ababa, April 8, 2022(Walta) – The Ambassador of Ethiopia in Kenya, Meles Alem, said the longstanding diplomatic relations between Ethiopia and Kenya are eventually incorporating investments of mutual economic benefits. Ambassador Meles Alem appeared on 98.4 Capital FM live to talk about Ethiopia and Kenya’s longstanding relationships covering multiple issues, including culture, economy, and […]
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