Safaricom Ups Support Measures To Help Mitigate COVID-19 impact
Mobile phone operator Safaricom has announced a number of measures to help its customers as well as other stakeholders to weather the coronavirus pandemic. The telco in mid-March announced it [...]
Absa Gold ETF Hits all-time High Market Turnover at NSE
Latest data from the Nairobi Securities Exchange reveals that the New Gold ETF achieved an all-time high turnover of Ksh66 million on Monday 30 March. The overall turnover in the [...]
KRA Commences Implementation of the Unified Payroll Returns
The Kenya Revenue Authority has announced the commencement of the unified payroll with National Social Security Fund (NSSF). This implies that there will be a joint declaration and payment of [...]Zuku Reclaims Top Spot in Fixed Internet Market
Fixed internet connections in Kenya crossed the 500,000 mark for the first time in the quarter ending 31 December 2019 boosted by growth of the major service providers. Overall, the [...]
Moody's Raises Concerns Over Kenyan Banks’ Ability to Weather Covid-19 Crisis
US-based Moody's Corporation, one of the world's leading credit rating agency, has warned that measures put in place to shield Kenya's banks from disruptions associated with the coronavirus outbreak, might [...]M-PESA Commands 99.6 Percent of Value of Mobile Money Deposits
Safaricom's M-PESA now commands 99.6 percent of the total value of all mobile money deposits. This is from the latest data by the Communications Authority for the period between October [...]Kenya's Forex Reserves Continue to Decline
CBK weekly bulletin for the week ending Friday 27 March reveals that Kenya forex reserve continued to decline standing at USD 7,965 million (4.84 months of import cover) as at [...]UBA Kenya Posts KSh 67.6 Million Net Profit
United Bank for Africa(UBA) Kenya Limited, in the league of small tier banks, recorded KSh 67.6 Million in net profit at the close of 2019. This is compared to KSh [...]Local Airlines Seek KSh3 Billion Govt Bailout
Local airlines are seeking a KSh3 billion government bailout, through the Ministry of Transport, to settle staff salaries and pay navigation and landing charges at airports during the Covid-19 Pandemic. [...]NCBA Temporarily Closes 8 Branches in Kenya
NCBA bank has announced plans to temporarily close eight of its branches in Kenya in a bid to curb the spread of the COVID-19 virus. The closure is with effect [...]CIC to Seek Investors' Approval in Sale of 200 Acres of Land
CIC Insurance Group intends to sell approximately 200 acres of land subject to receipt of all regulatory approvals. Company Secretary Gail Odongo says they will seek shareholders' approval prior to [...]New Safaricom CEO Peter Ndegwa Takes Over
The much-awaited assumption into office of Peter Ndegwa at the helm of Safaricom commences today; 1st April 2020. Ndegwa joins Safaricom from Diageo PLC where he was the Managing Director [...]
