Capital FM Kenya has entered into a partnership with Diageo-owned East African Breweries Limited and Marketing Society of Kenya (MSK) to launch a marketing-driven podcast/ CFM NAIROBI, Kenya, Sept 29 – Capital FM Kenya has entered into a partnership with Diageo-owned East African Breweries Limited (EABL) and Marketing Society of Kenya (MSK) to launch marketing-driven […]
COMESA watchdog to review Safaricom Ethiopia entry deal The Common Market for Eastern and Southern Africa (COMESA) Competition Commission has launched a formal inquiry into the joint venture between Safaricom and its parent firm Vodafone for Ethiopia entry. The regional trading bloc’s competition watchdog said its investigation will assess whether the merger of the two […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The wealth of Nairobi Securities Exchange (NSE) investors fell by Ksh.62 billion last month on lower stock valuations in the period. The drop is represented by the contraction of the NSE market capitalization from Ksh.2.841 trillion to Ksh.2.779 trillion. The slide in stocks […]
Monthly bonds turnover on the Nairobi Securities Exchange (NSE) hit an all-time high of Sh118.1 billion in September on the back of a liquid market and demand for infrastructure bonds, while equities remained subdued as blue-chip share prices retreated. The previous high in bonds turnover for a single month was the Sh106.9 billion that was […]
Foreign investors made net sales on the Safaricom #ticker:SCOM and EABL #ticker:EABL stocks at the Nairobi Securities Exchange (NSE) last week, pulling down the share prices of these stocks as well as the bourse’s market capitalisation. The net outflows on the foreign desk — which accounted for 45.5 percent of total market turnover — stood […]
Nairobi — Brand valuation consultancy firm, Brand Finance has reported an 8 percent decline in the value of Kenyan brands featured in the Brand Finance Africa 150 2021 ranking with total firms accumulating a total brand value of USD1.4 billion, up from USD 1.5 billion recorded in 2020. The firm ranks over 5000 of the […]
By Li Xianhui, Global Financial Services Business Unit, Huawei Enterprise BG (https://e.Huawei.com) As digital technologies, the Internet, and mobile communications become more integrated with the financial services industry, financial transaction modes and service models are evolving. Digital, mobile, and intelligent financial inclusion have become significant trends. At the 2016 G20 Hangzhou Summit, the concept of […]
.Today’s The Fintech Times Bi-Weekly News Roundup delivers up a pot of fintech updates, including funding successes and industry appointments. Job moves Antony Stephen is named the new CEO of the bank’s point-of-sale finance business Barclays Partner Finance . His focus will be on growing the point-of-sale finance business in the UK, as well as […]
Safaricom is looking to earn KES 53.5 billion from installing smart electricity meters for Kenya Power’s large consumers in a deal aimed at curbing power theft and leakages and fixing weaknesses on the utility firm’s transmission network, Business Daily reported. The operator is proposing to install a KES 31 billion intelligent system that will connect […]
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