Vladimir Putin. Nairobi Securities Exchange (NSE) investors Thursday lost Sh92.43 billion as prices dived on Russia’s invasion of Ukraine in the middle of trading. Russian President Vladimir Putin Thursday announced a military operation in Ukraine, triggering panic sell-off of stocks by foreign investors to seek shelter in other investment options such as fixed income. Safaricom […]
The Central Bank of Kenya (CBK) says it will launch a national payment system to force Safaricom to accept cash from rivals such as Airtel on its Lipa na M-Pesa platform, enabling transfers of money through merchants, Business Daily reported. It is due to be introduced by 2024 and will remove the hurdle to Airtel […]
NAIROBI (Reuters) – Kenyan digital payments company Cellulant plans to shift its focus to small and medium enterprises with the aim of turbo-charging its merchant acquisition growth to 50,000 this year from the current rate of about 1,000, its chief executive told Reuters. Investors have been flocking into African financial technology firms due to rapid […]
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
Safaricom #ticker:SCOM is set to pay an interim dividend of Sh25.64 billion equivalent to Sh0.64 per share. The dividend will be 42.44 percent higher or Sh7.64 billion more compared to a year earlier when it paid a first-ever interim dividend of Sh18 billion equivalent to Sh0.45 per share. The telco said it will pay the […]
![[WATCH] Safaricom Highlights a Kenyan NFT Artist Getting Paid via M-PESA on Binance P2P](https://moneyinafrica.com/wp-content/uploads/2022/03/Paxful-ad-230x28.gif){kind=small}
In an interesting twist, Safaricom, the company behind the popular and dominant M-PESA mobile payment system, has featured a Kenyan NFT artist and how they get paid for their work on Binance P2P via M-PESA. This is a new twist for a company that does not allow crypto exchanges and companies to plug into its […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
The fall in share prices at the Nairobi Securities Exchange (NSE) #ticker:NSE following a selloff induced by Russia’s invasion of Ukraine has raised the prospects of higher dividend yields for investors who enter the mark under current conditions. The NSE shed Sh108.3 billion in paper wealth between Monday and Friday last week as tensions in […]
Safaricom-Ethiopia Chief Executive Mr Anwar Soussa. PHOTO | POOL Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom as it prepares to launch operations in the country over the next couple of months. Safaricom-Ethiopia Chief Executive Mr Anwar Soussa, said they are currently working with Ethio Telecom and the regulator- Ethiopia’s Communication […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
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