A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Tag: XNAI_SCOM
US flags Kenya for relaxing dirty cash reporting rule
Kenyan officials handling money-laundering investigation files are tipping account holders of suspicious transactions to move their assets before raids, hampering the fight against money launderers. A new US report tracking the global money-laundering hotspots also says Kenya appears to have taken a step back in the fight after last year it lifted the threshold of […]
US flags Kenya for relaxing dirty cash reporting rule
Kenyan officials handling money-laundering investigation files are tipping account holders of suspicious transactions to move their assets before raids, hampering the fight against money launderers. A new US report tracking the global money-laundering hotspots also says Kenya appears to have taken a step back in the fight after last year it lifted the threshold of […]
Kenyan retail-tech startup Cartnshop raises $400k to boost commercialisation
Kenyan startup Cartnshop, which enables African SMES to set up online stores quickly and affordably, has raised US$400,000 in funding as it prepares to commercialise next month. Founded in 2018, Cartnshop is an end-to-end e-store enabler engine that allows any retail or enterprise business to attract new customers. The startup has B2B and B2C channels, […]
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
97pc of NSE share trading accounts remain dormant
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 […]
Treasury targets Sh50 billion from March bond sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that were first auctioned between 2020 and last year. The government’s fiscal agent, the Central Bank of Kenya, on Thursday opened the sale of a five-year, 15-year and 25-year bond and the period of sale closes […]
Ethiopia shields M-Pesa from licence freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in the populous nation, clearing the way for Safaricom #ticker:SCOM to launch the mobile money service this year. Safaricom licence, which was offered last year, was to be upgraded to include mobile financial service after completing […]
Safaricom customers to enjoy 100% bonus data in new campaign
NAIROBI, Kenya Feb 15-Safaricom customers are set to enjoy 100 per cent bonus data upon attaining their daily data targets in a new data campaign dubbed, Nyakua Data Dabo Dabo. The campaign, which builds on the Stori Ibambe program that was introduced in 2015 to reward airtime usage, now enables both prepay and postpay customers […]
Parliament passes Raila-backed Copyright Amendment Bill
A general view taken on March 26, 2015 in Nairobi shows the Kenyan parliament, as President Uhuru Kenyatta addresses two Houses the Senate and the National Assembly. President Kenyatta’s speech comes against the backdrop of rising corruption and insecurity in the country. AFP PHOTO/SIMON MAINA (Photo credit should read SIMON MAINA/AFP via Getty Images) The […]