It is a Buy for Safaricom CITI
A report by Citi recommends a buy for Kenya’s leading mobile operator. This is based on expected growth in MPesa revenues, increased partnership with the Kenyan government, improved regulatory environment, [...]
MP Proposes Amendment to Interest Rate Cap as Loans to SMEs Shrink
Gatundu South, Kiambu County, Member of Parliament Moses Kuria has proposed an amendment to the Banking Act which had capped the interest rates that banks can charge on loans at a [...]
Centum’s positive outlook in 2019
Some analysts have predicted a dark 2019; high unemployment rates, high cost of production, low returns, and so on. However, Centum’s CEO Mr. James Mworia will have none of that. [...]How is Fuliza different from Mshwari and KCB Mpesa?
In case you have not heard, Fuliza is the new buzz in town. It is Safaricom’s newest mobile phone based overdraft facility. “How is it different from Mshwari and KCB [...]NSE to Upgrade its Systems after a Trading Hitch
The Nairobi Securities Exchange will acquire a new electronic trading system to replace the old system it currently uses. According to NSE’s chief executive Mr. Geoffrey Odundo, the system will [...]Relief for Consumers as fuel Prices Drop
The Energy Regulatory Commission has announced diesel prices will dip by Ksh10 per litre for the next one month, promising a lower cost of living. In its monthly fuel review, [...]
President Kenyatta's Big 4 Agenda at Stake After Courts Suspend Formation of Housing Fund Advisory Board
President Uhuru Kenyatta’s Big Four Agenda has been curtailed after the courts suspended the formation of an advisory board that would manage the National Housing Development Fund. The future of [...]Unconfirmed: Airtel in talks to Aquire Telkom Kenya
Bharti Airtel, the Indian mobile service provider, is in talks to acquire Telkom Kenya a year after the two telcos unsuccesfully attempted a merger, according to reports by Reuters. The [...]Tanzanian Government to Acquire Shares in Airtel Tanzania
Bharti Airtel is planning to give part of its shares in Airtel Tanzania to the government, bringing to a total the country’s shares in the company to 49 up from [...]Uganda’s SolarNow Raises $9M for Deployment of its Off-Grid Solar System
Uganda-based SolarNow has entered into a $9 million debt deal with its long-term financier SunFunder and co-lenders OikoCredit, to raise funds for off-grid solar systems deployment in the country. The [...]Kenyan AI Startup UTU Receives Funding from DEEPCORE
UTU, the Kenyan startup behind Maramoja Taxi app, has inked a deal with DEEPCORE to boost its trust-optimised algorithm that utilises proprietary innovations in the fields of AI and distributed [...]Jamii Bora Bank Confirms potential acquisition by CBA
Jamii Bora Bank has confirmed that its in talks on potential acquisition by CBA adding that there have been ongoing discussions between management and board of both banks for the last [...]
