The Nairobi Securities Exchange (NSE) 20-Share Index has crossed 2,000 points on the back of a rally in banks and Safaricom stocks, marking the first time in 14 months that the index has crossed the key level. The benchmark Index hit 2,000.76 points on Wednesday and rose further to close yesterday at 2,020.37 points. Sixteen […]
Tag: safaricom
Top 5 Gainers, Losers And Movers At The NSE On Tuesday
Top gainers The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were Stanbic Holdings, Stanlib Fahari Income – REIT, Sasini, Bamburi Cement, and Carbacid Investments. Stanbic Holdings gained 3.76 percent at the price of 89.75 shillings per share followed by Stanlib Fahari Income – REIT with 2.65 percent at the price […]
Court orders seizure of suspects shares in Sh1b air tickets fraud
[ Courtesy ] The court has ordered Dyer and Blair Investment Bank to sell shares belonging to suspects in a Sh1 billion air ticket fraud. After the sale of shares, High Court Judge David Majanja ordered that the proceeds be transferred to Mercantile Insurance Company which is said to have lost Sh1 billion through the […]
Safaricom tops EA’s list of most valuable firms
Safaricom, which started its operations in 2000, has grown from a subscriber base of 26,000 people in 2001 to about 40 million subscribers currently. PHOTO | FILE | NMG Kenyan companies dominated East African and Mauritius most valuable brands in the three months to June 30, with Safaricom being the highest prized brand in the […]
Safaricom’s allure poses headache for big investors
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
CORRECTION: NCBA Bank: Investing in Technology to Offer Inclusive Financial Services
Download the Huawei Inclusive Finance Journal to get the latest trends and insights: https://bit.ly/3CYAqDl “We have a view or a mission to be Africa’s most valued digital platform for financial services, which then means we are seeking to move to not just identify ourselves as a bank but actually identify ourselves as a marketplace upon […]
Top CEOs in Kenya pocketed Sh1.8b in perks during Covid-19
The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. A compilation of data from the country’s 17 most valuable companies by Financial Standard shows that the CEOs collectively pocketed Sh1.84 billion in perks last year even as the pandemic […]
Kenya: You Can Now Use Safaricom Bonga Points to Buy NSE Stocks
You can now own part of a publicly listed company by using your Bonga Points. This is after Safaricom inked a deal with the Nairobi Securities Exchange (NSE) with the aim of enabling Kenyans to invest in stocks using their accrued Bonga Points. The partnership, launched on August 9, will see the telco’s customers get […]
Africa Business in Brief | Issue 413| 15 Aug 2021
Africa-Singapore trade on the up and up in the last five years Trade between Singapore and Africa has been growing at a compound annual growth rate of over 7.6% over the past five years, a senior official said recently. Singapore is among the top 10 investors in Africa, with over 100 Singaporean companies operating across […]
AM Weekly Market Commentary – July 30, 2021
The sentiment was positive on African equity markets this week. Among the 17 markets we cover, twelve advanced while four retreated, and one remained flat. The Namibian Exchange led the performance charts as equities in Windhoek jumped 4.21%. Conversely, the Dar Es Salaam Stock Exchange, last week’s top performer, was the laggard. Tanzanian equities dropped […]