Business leaders representing the diverse resources throughout the continent of Africa gathered Wednesday morning to discuss the rapidly growing economies, global partnerships, and technological progress throughout Africa’s 54 countries. The forum, Northeastern’s inaugural African Business Conference, comes as the continent is set to emerge as a global economic force, according to the World Bank . […]
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG 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 […]
According to the Communications Authority of Kenya’s first quarter sector report for the financial year 2021/2022, Safaricom controls a 64.6% market share The report indicated Airtel was second with 26.5% mobile subscriptions followed by Telkom Kenya (6.4%) and Equitel (2.3%) Safaricom shareholders comprise the government of Kenya (35%), Vodacom (35%), Vodafone (5%) and free float […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
KEY POINTS The market is currently trading at a price-to-earnings ratio (P/E) of 11.4x, 11.6 percent below the historical average of 12.9x, and a dividend yield of 3.5 percent, 0.5 percentage points below the historical average of 4.0 percent. During the week, the equities market recorded mixed performance, with NASI gaining by 0.6 percent, while […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
Subscription video-on-demand service Showmax has partnered with Safaricom #ticker:SCOM to offer a mobile plan as it targets to attract more customers. The firm, a subsidiary of MultiChoice, said the deal allows subscribers to watch their favourite shows for two months for the price of one using free Safaricom data. A subscriber will pay Sh389 for […]
Campaign dubbed ‘Nyakua Data Dabo Dabo’ aims at enabling prepay and postpay customers to do more with their data Nairobi, Kenya 15 th February 2022 … Safaricom (NSE: SCOM ) has today unveiled a new data campaign dubbed Nyakua Data Dabo Dabo , which will see customers enjoy 100% bonus data upon attaining their daily […]
A user with the latest mySafaricom App. FILE PHOTO | NMG When Safaricom became the first company in the world to launch a mobile money transfer platform in March 2007, the service was only accessible to the telco’s customers through a SIM card. The service, M-Pesa, grew rapidly as it made it relatively cheaper, faster, […]
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