Nairobi Securities Exchange trading floor. PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their net outflows in the first half of this year compared to the corresponding period last year, reflecting the improving sentiments around the market as companies continue to recover from the Covid-19 related difficulties of 2020. Market […]
BC-Kenyan-Bank-Stocks-Set-to-Drive-Market-Gains-EFG-Hermes-Says , Eric Ombok (Bloomberg) — Kenya’s biggest banks are the key to further gains for the benchmark Nairobi stock index this year as investors bet on the nation’s recovery from the pandemic, according to EFG Hermes Kenya. The Nairobi All Share Index has gained 16% in 2021 to the highest in more than three […]
Treasury Cabinet Secretary Ukur Yatani outside Pariament Buildings on June 11. Eric Mugo, operates a food business in Westlands, his ‘kibanda’ (booth) serves many Kenyans in the busy area operating from 8am to 6pm. For daily operational capital, considering some clients eat on credit, he depends on mobile loans from Safaricom’s Fuliza to keep his […]
Safaricom customers will now pay Sh4.87 per minute for calls made between 8am and 10pm after the telco announced a review of its prices to reflect the increase in excise duty on airtime and telephone services from 15 percent to 20 per cent. Callers will also pay Sh2.50 for calls made between 10pm and 8am […]
Your greatest advantage today can turn into your worst drawback tomorrow. Such is the vagary of life that NCBA, the third-largest bank in the country, is grappling with after President Uhuru Kenyatta signed into law the Finance Bill, 2021. With the ratification of the Bill, all the lenders with mobile lending and saving platforms have […]
Stanchart chief executive Kariuki Ngari (left), NCBA boss John Gachora (centre) and Absa’s Jeremy Awori. FILE PHOTOS | NMG Ten Nairobi Securities Exchange-listed firms cut their executive bonuses by Sh284 million last year in the wake of reduced profitability that was largely caused by the economic fallout from the Covid-19 pandemic. KCB , Absa Bank […]
Stanchart chief executive Kariuki Ngari (left), NCBA boss John Gachora (centre) and Absa’s Jeremy Awori. FILE PHOTOS | NMG Ten Nairobi Securities Exchange-listed firms cut their executive bonuses by Sh284 million last year in the wake of reduced profitability that was largely caused by the economic fallout from the Covid-19 pandemic. KCB , Absa Bank […]
The cost of mobile digital loans will increase by a larger margin compared to ordinary bank credit. FILE PHOTO | NMG Borrowers of digital loans will bear the brunt of the 20 percent tax on fees and commissions earned on bank credit that took effect on July 1. All or a significant portion of fees […]
East African Portland Cement’s factory in Athi River. FILE PHOTO | NMG Financial troubles at the East African Portland Cement Company (EAPCC) have deepened after a court yesterday allowed former contract workers to attach seven bank accounts of the company to recover Sh1.3 billion salaries owed to them. Justice James Rika allowed attachment of the […]
Safaricom customers will now pay Sh4.87 per minute for calls made between 8am and 10pm after the telco announced a review of its prices to reflect the increase in excise duty on airtime and telephone services from 15 percent to 20 per cent. Callers will also pay Sh2.50 for calls made between 10pm and 8am […]
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