Ethiopia’s Prime Minister Abiy Ahmed waits for the arrival of European Commission President Ursula von der Leyen before their meeting in Addis Ababa, Ethiopia December 7, 2019. REUTERS/Tiksa Negeri/File Photo ADDIS ABABA, Feb 22 (Reuters) – Ethiopia plans to open up its banking industry to foreign competition as soon as parliament passes policies permitting it, […]
Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo at the trading floor on February 8, 2022. The bourse is seeking the return of retail investors whose accounts have been dormant the past two years. PHOTO | DIANA NGILA Only 61,000 of the 2.03 million share accounts at the Central Depository Settlement Corporation (CDSC) have participated […]
The platform recorded 20 million users at the end of the fourth quarter, up from 16.3 million in the third quarter, driven by strong demand for an easy-to-use music service coupled with aggressive expansion into new territories in Africa. The company also attributes sustained growth to strong partnerships with telecommunications firms and leading consumer brands […]
Parliament has summoned Postmaster-General Dan Kagwe over the non-remittance of Sh168 million that was collected on behalf of the Business Registration Service. The National Assembly’s Public Accounts Committee (PAC) said Mr Kagwe should explain the whereabouts of 168,776,500 indicated as held by Huduma Centre. The amount relates to prior years revenue collections not remitted and […]
Safaricom sponsored Raaji Bharji and his navigator Tauseef Khan receive their award from classic rally clerk of the course Raju Chager during the awarding ceremony of the East African Safari classic Rally/COURTESY NAIROBI, Kenya Feb 21-Safaricom successfully conducted a pilot of their IoT powered smart vehicle tracking system during the 10th edition of East African […]
Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange ( NSE ) have been dormant in the past two years, revealing the apathy among retail investors who entered the market during the 2000s IPO boom. Only 61,000 of the 2.03 million share accounts at the Central Depository and Settlement Corporation […]
It is now clear that the Competition Authority is a watchdog with a real bite and not just a bark. The competition regulator, approaching its 10 th birthday, has been keen to clamp down on market activity that falls foul of the Competition Act. When the Act came into force in 2012, the mandate of […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
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