KMRC chief executive Johnstone Oltetia. PHOTO | DIANA NGILA | NMG The Kenya Mortgage Refinancing Company (KMRC)’s Sh1.4 billion bond is paying a premium of one percentage point over government bonds with a similar life. Analysis of the mortgage refinancer’s debut bond issue by Sterling Capital says that the 12.5 percent interest the company is […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG South Africa’s Standard Bank has been given one year to complete the purchase of more shares in its local subsidiary Stanbic Holdings with a target of attaining a 75 percent stake. This marks the latest extension of the buying window since the multinational […]
A user with the latest mySafaricom App. FILE PHOTO | NMG When Safaricom became the first company in the world to launch a mobile money transfer platform in March 2007, the service was only accessible to the telco’s customers through a SIM card. The service, M-Pesa, grew rapidly as it made it relatively cheaper, faster, […]
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 […]
Equity Group Managing Director and chief executive James Mwangi. PHOTO | DENNIS ONSONGO | NMG We are a trusted broker, because we know both sides and we have no interest other than in their success. We gave the Congolese the impression that this is a bank that cares, and the Kenyans that this is a […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG Kenya Airways will start direct flights from Milan to Nairobi on June 8 as demand for booking picks up ahead of summer. KQ, as the airline is known by its international code, will operate on Wednesday […]
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 […]
Students tour Kisumu International Airport, Kenya. The Kenya Airports Authority (KAA) has kicked off the expansion of the Kisumu International Airport in readiness for the May 2022 Africities Conference. PHOTO | FILE | NMG The Kenya Airports Authority (KAA) has kicked off the expansion of the Kisumu International Airport in readiness for the May 2022 […]
A Chargenet Kenya electric vehicle charging station at ABC Place, Waiyaki Way, Westlands in Nairobi on September 14, 2021. PHOTO | DIANA NGILA | NMG Last month, the Kenya Power and Lighting Company announced plans to roll out a national network of electric vehicle (EV) charging stations, intending to unleash new revenue streams and diversify […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG Kenya Airways will start direct flights from Milan to Nairobi on June 8 as demand for booking picks up ahead of summer. KQ, as the airline is known by its international code, will operate on Wednesday […]
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