AAR Insurance has made a deal with Safaricom to launch technology infrastructure based on the Amazon Web Services (AWS) as part of its journey to becoming a fully digital insurance company. The insurer has begun migrating its digital tools and core systems to the AWS platform in a move that will offer clients more secure […]
Safaricom CEO Peter Ndegwa. PHOTO | POOL Safaricom has disclosed that CEO Peter Ndegwa owns 895,500 shares in the telco, giving him the largest stake among the firm’s directors. The disclosure through the firm’s latest annual report means that Mr Ndegwa’s shares are currently valued at Sh37 million. Mr Ndegwa joined Safaricom in April last […]
NETWORK AT LAST Noah Mwinzi, a local making a call Image: LINAH MUSANGI Kenyans have expressed outrage, following the rise in the cost of services, including airtime and internet, with the implementation of the Finance Act, 2021. The Finance Act of 2021 introduced amendments to various tax-related Acts of Parliament (Income tax, VAT, Exercise Duty, […]
NSE PLC Chief Executive Officer Geoffrey Odundo Deals in the first half of 2021 have been nearly seven times greater over a similar period last year while the average daily turnover level has nearly quadrupled in the same period. The derivatives market dubbed NEXT is only the second such market on the continent after South […]
Equities and bonds turnover at the Nairobi Securities Exchange (NSE) rose sharply in May, driven by increased trading in blue-chip stocks and demand for infrastructure bonds on the fixed income segment. The NSE said that turnover in the equities segment rose from Sh9.9 billion in April to Sh14.2 billion in May, while bonds turnover rose […]
Safaricom Plc #ticker:SCOM paid Michael Joseph an additional bonus of Sh127.5 million in the year ended March, making him Kenya’s best paid board member of a firm listed on the Nairobi bourse. The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors have now sold stocks worth Ksh.1.9 billion ($17.5 million) at the Nairobi Securities Exchange (NSE) in the year so far. In May, the investors offloaded Ksh.787.7 ($7.3 million) worth of stocks as investors continued to execute a flight to risk stance […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Equities and bonds turnover at the Nairobi Securities Exchange (NSE) rose sharply in May, driven by increased trading in blue-chip stocks and demand for infrastructure bonds on the fixed income segment. The NSE said that turnover in the equities segment rose from Sh9.9 billion in April to […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Trading activities at the Nairobi Securities Exchange improved to the highest level in six weeks, recording a turnover growth of 42.5 per cent in the week ended June 25. Weekly data from the Central Bank shows turnover at the Nairobi bourse rose to […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Kenya and Saudi Arabia are some of the most prominent economies in their respective regions. The two countries account for an enormous percentage of Gross Domestic Product in the Middle East and East Africa respectively. Coincidentally, the two countries have economic blueprints with a similar name and […]
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