Introduction of the derivatives market at the Nairobi Securities Exchange, dubbed "Next" two years ago, transformed the capital markets landscape in Kenya by offering investors an opportunity to diversify their investment portfolios. Next facilitates trading of futures contracts in the Kenyan market. A derivatives contract is an agreement between two or more parties, usually a […]
NSE PLC Chief Executive Officer Geoffrey Odundo during a past fucntion. PHOTO / FILE Day trading refers to the practice of purchasing and selling a security within a single day/trading session and features commonly on currency and stock exchanges. The roll out of day trading will be a welcome call to local investors who have […]
Safaricom has revised the pricing of its Fibre-to-the-Home product, Home Fibre, starting July 8, 2021. Following the coming into effect of the Finance Act, 2021, which included amendments to the Excise Duty Act, 2015, raising the excise duty payable on “telephone and internet data services” from 15%, as implemented from 2018, to 20%, the new […]
Central bank governor Partick Njoroge speaks to journalists during a press conference at central bank Nairobi on June 20, 2019. The Central Bank of Kenya maintains that digital lenders must be licensed just like other financial institutions for effective regulation. Presenting its position on the Central Bank of Kenya (Amendment) Bill, 2021 yesterday, the regulator […]
Safaricom’s mobile payment platform used to pay for goods and services is now earning the telco Sh40 million monthly, highlighting the impact of increased preference for cashless transactions. The telco discloses that Lipa na M-Pesa, a platform that enables merchants to collect payments from customers using a till number, has seen increased popularity especially in […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom’s plans to expand to Ethiopia have been complicated by a US State financier threatening to recall its loans following escalation of armed conflict in the horn of Africa nation. The US International Development Finance Corporation (DFC) says that the acts of violence against civilians […]
Businesses and individuals within the region will have to grapple with higher costs of airtime and internet data, as governments move to enforce the new excise duty rates outlined in their respective 2021/22 financial year budgets. In Kenya, the government increased excise duty on airtime and telephone services from 15 percent to 20 percent. Airtel […]
Liquid Intelligent Technologies (Liquid) has finally confirmed Mr. Martin Mushambadope as the Chief Executive Officer for its operations in South Sudan in an announcement today. Appointed earlier this year in March 2021, Martin brings over 20 years of experience, having worked for various industries such as telecommunications, health insurance, banking, and audit practice. In addition, […]
Rwanda has continued to record growth in e-payments since the introduction of mobile money transactions. PHOTO | FILE | NMG Businesses and individuals within the region will have to grapple with higher costs of airtime and internet data. In Kenya, the government increased excise duty on airtime and telephone services from 15 percent to 20 […]
Nairobi — Global Partnership for Ethiopia has incorporated and registered its local company Safaricom Telecommunications Ethiopia PLC after it was granted a telecommunications operator license. According to the Ethiopian Communications Authority, the Telco also has 45 days to incorporate a local company and execute the Provisional License Agreement executed by the parent company within three […]
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