Safaricom Chief customer officer Sylvia Mulinge during the launch of revamped PostPay bundles in Nairobi on March 3, 2020 Safaricom PLC has announced a scheduled upgrade to its services that will result in the unavailability of some services from Saturday, July 24 at 10pm to Sunday July 25 at 8am. In a notice, the telecommunications […]
During the week, the equities market recorded mixed performance, with NASI and NSE 20 gaining by 0.2 percent and 0.5 percent, respectively. The NSE 25 declined by 0.2 percent, taking their YTD performance to gains of 17.7, 5.8, and 14.2 percent for NASI, NSE 20, and NSE 25, respectively. The equities market performance was mainly […]
Clarence Muhoro’s investment journey began in 2018, after visiting a cryptocurrency presentation in Westlands, Nairobi. Later, together with his family, they invested in a digital currency, which later turned out to be a scam. "We ended up investing as a family and two years later, it turned out to be a scam!," the 20-year-old says. […]
Safaricom is set to start blocking the contact details of Lipa na M-Pesa users. This comes as the leading telecommunications firm moves to curb the trading of user information to advertisers or fraudsters. In the new messages, the firm will only display the first and last part of the message while concealing the identity of […]
Senior Safaricom #ticker:SCOM managers were awarded 16.4 million shares with a current market value of Sh700 million for free in the year ended March as compensation for their past performance. The employees had cashed out 17.8 million units of stock worth Sh763 million the year before, with the company’s cumulative spending on the share-based compensation […]
Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to close yesterday valued at Sh2.785 trillion. Market capitalisation […]
John Ngumi, alongside four partners, birthed the Loita Capital Partners Group in 1994. [David Njaaga, Standard] John Ngumi, who is credited with brokering deals worth more than Sh1 trillion, survived by eating what he caught in Kenya’s financial jungle. Those were heady times; mega deals were rolling in, with history placing the current Industrial and […]
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 Dar es Salaam Stock Exchange led the performance charts as Tanzanian equities jumped 6.56%. Conversely, Mauritian equities dropped 2.13%, the most on the continent. Due to the Eid al-Adha […]
Little chief executive officer Kamal Budhabhatti. FILE PHOTO | NMG Little chief executive officer Kamal Budhabhatti told Business Daily the firm will invest $5 million in the next five years, with plans to inject an additional $5 million based on its growth projections. The company, which competes with global players Uber and Taxify in Kenya, […]
Look at the battles between anti-trust authorities with technology behemoths such as Facebook, Google and Amazon. The fight Chinese authorities have been having with Alibaba is yet another indicator of the changing times. When you look at the trends, the picture you see is that anti-trust authorities are no longer obsessed with breaking up companies […]
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