Safaricom CEO Peter Ndegwa during an interview at Standard Group headquarters in Nairobi on June 12, 2020. Business News Mr. Ndegwa said he would like to work with banks and like-minded institutions to speed up recovery of the businesses The new Safaricom Chief Executive Officer Peter Ndegwa has a plan to support small businesses bounce […]
Business Giant telco targets Ethiopia’s 100 million population which is currently only served by the State-owned Ethio Telecom. Safaricom has bid for one of the two telecommunications licences up for grabs in neighbouring Ethiopia. Ethiopia’s Communication Authority late last month invited international firms to bid for the two licences. Safaricom, which has had its sights […]
Fireworks lit up Nairobi skies Friday night as Nation Media Group (NMG) kick-started its 60th anniversary celebrations on April 26, 2019 at Nation Centre. PHOTO | SILA KIPLAGAT Safaricom has partnered with media houses in Kenya in a new innovation that will see newspapers made available to all smartphone customers in the country at KES […]
A successful economy needs a financial system that moves funds from savers to borrowers. This means that those who save and lend, and those who borrow must have confidence in the financial system. ALSO READ: Rotich: Man on the spot An efficient financial system ensures that the shillings you save are used by those with […]
Ecobank Group Chairman Emmanuel Ikazoboh (sixth left) and Group Chief Executive Officer Ade Ayeyemi (fifth left) with other directors during the bank’s 30th Annual General meeting in Lomé, Togo. Three mid-tier banks have posted mixed results in their half-year earnings released yesterday. Ecobank’s half-year profits have jumped eightfold on increased foreign exchange trading and better […]
Standard Chartered Bank has posted a 30 per cent increase in net profits for the six months to June despite cautious lending to the market. The lender’s after-tax profit rose from Sh3.4 billion to Sh4.4 billion in a similar period last year even as loans shrunk by Sh1.2 billion. “Interest income on customer loans and […]
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