Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Nairobi Securities Exchange trading floor. PHOTO | NMG 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 […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their net outflows in the first half of this year compared to the corresponding period last year, reflecting the improving sentiments around the market as companies continue to recover from the Covid-19 related difficulties of 2020. Market […]
The operator reported an 18.4% rise in full year revenue, in spite of internet shut downs related to civil unrest in the Tigray region At the start of Ethio Telecom’s financial year, back in July 2020, the internet was in the midst of a government-mandated two-week internet blackout, following protests in the capital, Addis Ababa. […]
MarketForce Cofounders, Tesh Mbaabu (Left) and Mesongo Sibuti (Right) MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa has raised a $2 million pre-Series A round. This brings the total funding raised by the startup to-date to $2.5 million. With this fresh round of funding, MarketForce has […]
Source: TechCrunch Kenyan asset-financing company, M-KOPA, has appointed Babajide Duroshola as General Manager. This is coming a month after he resigned as former Country Head for SafeBoda — Uganda-based bike-hailing startup — in Nigeria, where he worked for two years. Launched in 2011 with Jesse Moore — CEO — Chad Larson, and Nick Hughes as […]
File Photo: Customer will be assisted by staff at the Ethiopia Telecom branch office in Addis Ababa, Ethiopia, June 7, 2019. REUTERS / Tiksa Negeri Addis Ababa (Reuters) -State-owned Ethiopian state-owned telecommunications, which called on private investors to buy shares, said its annual sales increased 18.4% to reach 56.5 billion bulls ($ 1.29 billion) by […]
ADDIS ABABA (Reuters) – State-run Ethio Telecom, which has invited private investors to buy a stake in it, reported a 18.4% rise in full year revenue to end-June to 56.5 billion birr ($1.29 billion), CEO Frehiwot Tamiru said on Tuesday. Ethiopia last month launched a tendering process for the proposed sell-off of a 40% stake […]
In the year to March, Safaricom paid KES 1.4 billion worth of technical support fees to M-Pesa Africa, a company it owns on a 50-50 basis with its South African parent firm Vodacom Group, Business Daily reported. The fee was paid at a rate of 2 percent of Safaricom’s M-Pesa revenue of KES 82.6 billion […]
Huawei Mobile Services has today announced a big move that will see the company integrate Safaricom’s M-Pesa as a payment option on its AppGallery App Store. You can now make purchases of your favourite Apps Games, Themes, and more with M-Pesa. Direct Carrier Billing (DCB), as it is called, allows users to make purchases using […]
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