One of Kenya’s top lenders, NCBA Bank, has announced plans to open 12 new branches in the country in 2022 as part of its expansion plans. This announcement comes despite the bank shutting 14 of its branches in Kenya in 2021 due to the disruption caused by Covid-19. With its expansion, the lender targets to […]
Investors at the Nairobi Securities Exchange ( NSE ) lost Sh73.2 billion in a week and the value of the bourse sank to one-year low on reduced interest on Safaricom after the telecoms operator paid a multi-billion shilling dividend. The market capitalisation dropped to Sh2.426 trillion on Thursday from Sh2.499 trillion when the bourse opened […]
Superbrands East Africa celebrated 40 of the region’s top brands at a Tribute Awards Ceremony held on Thursday 31 st March 2022 at the Trademark Hotel in Nairobi, Kenya. The evening was a celebration of the leading brands that persevered and broke boundaries despite the COVID19 pandemic. Brand representation came from Kenya, Tanzania and Uganda. […]
Nairobi — Orange Democratic Movement (ODM) Leader Raila Odinga has pointed an accusing finger at Deputy President William Ruto for using public funds to campaign across the country. Odinga while campaign in Shinyalu, Kakamega in his day three tour in Western Kenya stated that Ruto should shun hypocrisy by claiming that money set aside for […]
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
L-R: Kenya’s ICT Cabinet Secretary Joe Mucheru, Telkom chairperson Eng Eddy Njoroge, Data Commissioner Immaculate Kassait, Telkom CEO Mugo Kibati, ICT Chief Administrative Secretary Nadia Abdallah, PEACE high representative Oliver Zheng, Blockchain and AI taskforce chair Prof Bitange Ndemo and Mombasa County ICT CEC Ahmed Anwar during the launch of the sixth submarine internet cable […]
Leading specialist provider of global payments data, FXC Intelligence, has listed five African fintech companies in its annual list of Top 100 Cross-Border Payments Companies. FXCi-Top100-Mar2022 The 2022 Cross-Border Payments 100 list recognises the leading companies in cross-border payments worldwide, including publicly traded companies, startups and private companies. It covers companies operating across consumer money […]
Telecommunication firms Safaricom #ticker:SCOM and Airtel are among the most loved brands by women in Kenya, a new survey shows. The survey by IPSOS, which interviewed 13 million women from across the country, places Safaricom’s M-Pesa at number two indicating how the money transfer platform has become entrenched in the country. The study placed Equity […]
Safaricom headquarters, Nairobi. [Wilberforce Okwiri, Standard] Safaricom has signed a deal valued at over Sh1.6 billion to use Ethiopian Electric Power’s (EEP) dark fibre to provide telecommunications services in the Horn of Africa country. The Ethiopian subsidiary, Safaricom Ethiopia , announced on Friday that the deal will see it use a network of optical ground […]
Hormuud Telecom’s CEO, Ahmed Mohamud Yuusuf said: “Mobile money was first introduced to Somalia just 10 years ago, and the country has come a long way over the past decade. From the market trader in Mogadishu to the international remittance company in London, we want to expand a digital economy that every Somali can have […]
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