The battle for the lucrative Ethiopian telecommunications market has narrowed down to consortia led by two of Africa’s telecom giants, Vodacom and MTN Group, setting another stage for their sustained competition for the continental market. The bids of the two consortia led by Safaricom on the one hand, and MTN Group on the other, were […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom , KCB Group , Equity Bank and East African Breweries . This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, a […]
Tanzanian President Samia Suluhu Hassan and Kenya President Uhuru Kenyatta during the Kenya-Tanzania Business forum at Serena Hotel, Nairobi, on May 5, 2021. PHOTO | NMG President Uhuru Kenyatta announced the new visa policy on Wednesday during a joint session of Kenya and Tanzanian business community in Nairobi, which was attended by the visiting Tanzanian […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors continued to exit the domestic stock market in April culminating in a net selling position of Ksh.32.3 million ($0.3 million) during the month. The sell-off position however contracted sharply from Ksh.958.5 million ($8.9 million) in March. The continued exit of foreign […]
Balcha Reba (2nd left), director-general of the Ethiopian Communications Authority, shows a proposal from a bidder during the big opening ceremony for the telecommunications licences award, in Addis Ababa on April 26, 2021. Ethiopia announced it had received two bids for licences that would end the government’s monopoly in the telecoms sector. PHOTO | AFP […]
Africa has for a long time looked to galvanise its strengths and capabilities to build a stronger economy. It is well known the resources that the continent possesses, including its youthful population. Economic independence and financial inclusion still remain challenges for the continent, preventing a uniform spread of wealth across different economic levels. Currently, only […]
Safaricom will receive Sh1.5 billion from the State as instalment payment for a security and surveillance system it built for the National Police Service. Budget documents for the new year starting July, which were tabled in Parliament on Friday, disclosed the payment for the service that has seen the State face threats of disconnection over […]
Safaricom house. FILE Safaricom and the other applicants will in less than a week know their fate in the bid to enter the Ethiopia market after tendering process concluded Monday. The Ethiopian Communication Authority (ECA), in a statement said it had receivedbids, from South Africa’s MTN and a consortium including Kenya’s Safaricom, for new telecoms […]
The National Treasury will get Sh1.3 billion in power producer Kenya Electricity Generating Company dividends in a year the government has struggled to collect taxes as a result of the coronavirus scourge and related economic downturn. At the firm’s annual general meeting on Thursday last week, shareholders voted to increase the dividend per share to […]
Safaricom’s headquarters in Nairobi. FILE PHOTO | NMG Safaricom has made a formal bid to get a licence to operate in Ethiopia — one of the world’s last major closed telecoms markets, the company announced on Monday. In a notice to shareholders, the telco said it is submitting its proposal through a consortium it is […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.