Safaricom Fuliza MPesa In a new set of Terms and Conditions, Safaricom customers who default on their Fuliza repayment will have their M-Shwari and KCB M-Pesa accounts blocked and their balances could be used to settle their outstanding Fuliza debts. Fuliza is an overdraft facility offered by Safaricom and operated by both NCBA and KCB. […]
Mpesa shops [Courtesy] M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances. This is according to an update to the terms and conditions that will give Safaricom the mandate to hold onto users’ funds on the […]
Banking, manufacturing stocks and the NSE’s sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy. Analysts at Mauritius-based investment bank AXYS, which trades locally as AIB-AXYS Africa, said in a note that […]
Employees at the troubled Mumias Sugar Company want investors who will win the leasing bid to factor in their Sh2 billion arrears that the collapsed miller owes them. Reacting to recent proposal by a Kakamega businessman on how money will be apportioned in different departments at the miller, the employees say it is regrettable that […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]
Banking, manufacturing stocks and the NSE’s sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy. Analysts at Mauritius-based investment bank AXYS, which trades locally as AIB-AXYS Africa, said in a note that […]
Equity Group has set aside Sh500 billion to finance Kenyan and South African firms seeking to trade or invest in Africa, in a move to expand its business beyond seven countries where it operates. The bank will offer credit to companies that want to set up manufacturing, construction, health and investment firms, facilitate value addition […]
The Kenya Mortgage Refinancing Company (KMRC) plans to raise Sh10 billion from investors at the capital markets through a bond by December to finance low-cost housing. The proceeds from the bond issue will go to banks and saccos for onward lending to homeowners at an annual interest of five percent. “We are looking at a […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Kenya will diversify its market products and increase the number of listings to boost its financial index score, NSE chief executive Geoffrey Odundo has said. This follows the country’s drop in an index that measures the capacity of countries to attract investors in […]
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.