Amendments to the Companies Act in 2017 made it compulsory for companies listed at the Nairobi Securities Exchange (NSE) to disclose how top directors are remunerated The highest-paid board directors are those who hold multiple positions in different companies Equity Bank founder Peter Munga earned KSh 52 million in director fees at the lender and […]
Image sourced from Techweez The Internet of Things (IoT) sums up a collective web of interconnected smart devices all running through the internet across each other to a central information hub, working together in unison. IoT has become a buzz term in regards to the future of technology in recent years as the internet becomes […]
Tech giants are lining up billions of shillings to pump into Africa with eyes on the millions of people expected to join them over the coming years. PHOTO | FILE | NMG Last week, global internet giants Google and Facebook laid down their infrastructure investment strategies in plans that will see hundreds of billions poured […]
Women in corporate boards in Kenya have exceeded the global average as the country inches towards gender inclusivity, a new report shows. According to the 2021 Board Diversity and Inclusion report, women in corporate boards in Kenya stand at 36 per cent compared to a 23 per cent global average. The report also noted that […]
Money is constantly moving between Africa and the rest of the world Banks, ATMs, and agent networks are the main channels for accessing financial services in Nigeria. But because agents outnumber bank branches and ATMs , while performing a similar range of services, companies that support agent banking can be crucial assets to anyone looking […]
Vodacom Group has tapped Safaricom’s #ticker:SCOM chief corporate affairs officer Stephen Chege as its group chief external affairs officer. The announcement was made by Safaricom chief executive officer Peter Ndegwa in a memo to Safaricom staff seen by the B usiness Daily . "Steve will take up the role at Vodacom headquarters in Johannesburg and […]
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– African Telecom sector is seeing a boom – The telecom sector in 2021 has recorded huge revenues in Africa. MTN, Vodacom and Safaricom dominate the sector on the continent with huge revenues of up to 6 billion US dollars. The reason why the sector, is doing so well despite Covid 19 effects, the answer […]
A trader is reflected in a computer screen displaying the Spotify brand on the floor of the New York Stock Exchange in New York, US, in this April 3 2018 file photo. Picture: REUTERS/LUCAS JACKSON Johannesburg/Stockholm — Africa, with its internationally recognised musical talent — and growing mobile phone use — is central to Swedish […]
Rogue digital lenders who share personal data of loan defaulters will be stripped of their operating licences if Parliament passes proposed changes to the law to curb abuse of confidential records. The National Assembly committee on Finance and National Planning has added a clause to the Central Bank Amendment Bill 2021, granting the banking regulator […]
Customers queue outside an M-Pesa shop in Nairobi Every second in 2021, Safaricom processed 300 overdraft requests to bail out its subscribers, according to its Business Sustainability Report released yesterday The telco reports that it disbursed Sh351.2 billion for the period through its Fuliza service. This means that every second, it lent Kenyans an average […]
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