Safaricom #ticker:SCOM 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 leading with its parent firms Vodafone and […]
The Kenya Pipeline depot in Embakasi, Nairobi. PHOTO | FILE Recently, the government unveiled a licensing policy that will require telecoms firms to have local ownership of at least 30 percent within the next three years. Despite local ownership requirement regulations sounding progressive, many times they are just ambiguous. Let’s take the case of Airtel […]
The global impact of coronavirus menace, especially the sudden shock to economies, has been unprecedented in recent history. The severe effect and prolonged spell of the pandemic paints a gloomy picture. With different policies undertaken to ensure speedy rebound of economies and markets, we are likely to see positive recovery despite new waves of the […]
0 Comments Print EMail When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable to most African farmers – insurance. Munyalo, a 38-year-old mother-of-three, had taken out an insurance policy with Kenyan start-up Pula, […]
In Kenya and abroad, the stock market has minted millionaires. It is where Warren Buffet, one of the world’s richest men, made the bulk of his Sh8 trillion net worth. More Kenyans, including “small investors” with as little as Sh10,000, are now trading in the stock market hoping to strike it big. However, there are […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Re-imposed restrictions to contain the COVID-19 pandemic have served to reverse gains made by the performance of the stock market. While the Nairobi Securities Exchange (NSE) was tipped to turn the corner in performance this year, the past week has served as a […]
EGM Securities, a subsidiary of Equiti Group , announced today that the broker will offer derivative contracts on the Nairobi Stock Exchange (NSE). The new NSE derivatives will enable investors to start trading in less than 5 minutes due to an efficient onboarding process, compared to the current average processing time of 2 days. According […]
Rival Airtel Group already secured investment from Mastercard and TPG Holdings LP to the tune of $300 million Safaricom leads as continent’s largest mobile money operator Online Editor Telecommunications giant, MTN Group Ltd is currently eyeing an Initial Public Offer for its mobile money arm which it currently values at about $5 billion as reported […]
A vendor holds mobile phones at a Mobile Money stall in Kigali, Rwanda. MTN Group Ltd. values its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent. The move comes after Mastercard Inc. and […]
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