Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Pressure from the Central Bank of Kenya (CBK) has forced Safaricom #ticker:SCOM to split its dividend payouts in the quest to shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors, it has emerged. Safaricom in February announced its first […]
Kenya based Danish hair products firm Africanhair PLC, trading as BeautyClick plans to list on the Nairobi Securities Exchange (NSE) to raise new equity for regional expansion. BeautyClick, which Danish investors founded in 2016, said it has started the process of acquiring requisite regulatory approvals for a listing and further capitalisation at the stock market. […]
Nairobi Securities Exchange (NSE) stocks posted the largest weekly loss since the start of the year as investors reacted to fresh lockdown and longer curfew hours introduced to stem the spread of Covid-19 infections. The market capitalisation reduced by Sh89.38 billion, closing Thursday trading at Sh2.468 trillion as Safaricom, East Africa Breweries Limited (EABL) and […]
The Central Depository and Settlement Corporation (CDSC), has appointed new members on the Board of Directors with Mrs. Aida Kimemia-Nesbitt as the new Board Chairperson of the company, effective April 1st, 2021. Mrs. Kimemia is Managing Director at Tiserin Capital, a financial advisory and investment firm supporting small and medium-sized enterprises in East Africa. She […]
The government should pay heed to the proposal by the Nairobi Securities Exchange (NSE) to have State shares in parastatals and other firms where it has significant ownership sold as a means of raising revenue. NSE chief executive Geoffrey Odundo told Parliament that the government has the potential to raise Sh792.6 billion from the sale […]
(MENAFN – NewsIn.Asia) April 2 (Quartz) – Mobile network operator Safaricom has launched a 5G network in Kenya, making it the second country in Africa to roll out the technology. The company has started the rollout in four towns, and expects to expand it to nine over the next year. Safaricom CEO Peter Ndegwa described […]
Safaricom CEO Peter Ndegwa. Mobile network operator Safaricom has launched a 5G network in Kenya, making it the second country in Africa to roll out the technology. The company has started the rollout in four towns, and expects to expand it to nine over the next year. Safaricom CEO Peter Ndegwa described the launch last […]
Today, Safaricom has announced the launch of 5G technology trials for its customers In Kenya. The trial will begin with both individual and enterprise customers in Nairobi, Kisumu, Kisii and Kakamega. This trial makes Safaricom the first operator to offer 5G services in the region, and the third mobile network operator in Africa, after Vodacom […]
Overall sentiment on African equity markets was positive. Among the markets we cover, 12 of them advanced this week while 5 retreated. Zimbabwe led the pack as equities in Harare jumped 6.34%. Conversely, the BRVM was the laggard. Equities in Abidjan lost 1.46% over the 5-day period. West Africa BRVM – Bears were back on […]
Stocks listed on the Nairobi Securities Exchange (NSE) lost Sh80.02 billion of their value yesterday as foreigner sold off shares in blue-chip firms over the new lockdown, making it one of single-largest drops in a day in the bourse’s history. The market capitalisation closed at Sh2.47 trillion compared to Sh2.55 trillion on Friday, with Safaricom, […]
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