There has been a drop in foreign investors at the Nairobi Securities Exchange as more capital shifted abroad. PHOTO | FILE The declaration led to a decrease in foreign investor participation by 13.66 percent, and a subsequent net outflow of $37 million, accounting for 42.16 percent of total net foreign outflows in 2021. In the […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
M-PESA is making its way to Ethiopia, the State Minister of Ethiopia’s Ministry of Finance has confirmed. Safaricom received its first license of operation in Ethiopia last year, but it did not allow for the setting up of the M-PESA mobile financial service. The government of Ethiopia suspended bids for a second license of operations […]
Showmax 1 Showmax and Safaricom have partnered to offer customers two months of streaming for the price of one. During the launch of this offer, representatives of both firms said the partnership will make it easier for Kenyans to pay for and watch their favourite shows on their mobile devices. The streaming company offers African […]
Safaricom has revealed they are working on a smart vehicle tracking system. The Internet of Things Telematics solution appears to be the company’s next frontier as it expands its reach in the tech industry. The first pilot for the service will be done during the East African Safari Classic Rally . Raaji Bharij’s Ford will […]
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 […]
NAIROBI, Feb 10 (Reuters) – Kenya’s central bank has invited the public for views on the potential introduction of a digital currency, in a shift from its original opposition to crypto assets. The East African country pioneered mobile money payments with Safaricom’s M-Pesa in 2007, but its central bank has not issued a digital currency […]
Safaricom #ticker:SCOM repeatedly set the prices of its promotions lower than the actual costs of the calling services, harming competitors, its rival Airtel has claimed. The alleged sustained cutting of prices below that of competitors and below actual costs of services made it hard for Airtel to operate profitably and constituted anti-competitive behaviour, Airtel says. […]
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 […]
Nairobi — Safaricom is planning to pilot an IoT (Internet of Things) powered smart vehicle tracking system which provides insights into journey duration, vehicle speed, route information, fuel consumption, and driver behavior. The Telematics solution integrates with the vehicle’s onboard computer, collects information on several parameters that are accumulated and recorded at the end and […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.