Safaricom Increases Skiza Earnings For Kenyan Musicians By 36%
Safaricom (NSE: SCOM) has announced a 36% increase in the amount Kenyan artists will earn for music sold through the SKIZA music platform. Musicians will now earn 30% on SKIZA [...]
Sanlam Emerging Markets to adopt organic growth strategy
Sanlam Emerging Markets (SEM) has announced that the firm is now training its corporate focus on organic growth opportunities across the sub-Saharan market. Speaking in Kampala, Uganda, SEM CEO, Mr. [...]AIG, IBM StanChart launch Blockchain Insurance Policy in Kenya, US Singapore
American International Group (AIG), IBM and Standard Chartered Bank Plc have announced they have successfully piloted the first multinational, “smart contract” based insurance policy using blockchain, a distributed ledger technology. The [...]CBA Group Signs Agreement to Acquire Crane Bank Rwanda
In May, we reported that Commercial Bank of Africa Limited (CBA Group) was at an advanced stage of acquiring Crane Bank Rwanda. CBA has finally announced that it has signed a definitive [...]Nairobi Traffic Ranked 2nd Worst In The World
Nairobi has been ranked second in the world among cities with the worst traffic situation, according to a report from Numbeo, a website which collects user- contributed data about cities [...]Safaricom To Expand M-Pesa Services Across All African Countries
Safaricom has announced plans to expand M-Pesa services to cover all African markets, apart from South Africa, where M-Pesa already failed and Tanzania, where the service is already doing well under its [...]America's Largest Construction Firm Bechtel Opens Nairobi Regional Office
Regional office in Nairobi will facilitate development of projects throughout the continent Bechtel Corporation; The largest construction and civil engineering company in the United States, and the 9th-largest privately owned [...]No real Benefit for KCB Shareholders in NBK Acquisition Genghis
Kenya Commercial Bank (KCB) has confirmed interest in acquiring at least 70 per cent stake of National Bank of Kenya (NSE: NBK) through a share swap. The deal however is yet [...]Safaricom Market Cap Nears Record Sh 1 Trillion
On Tuesday's trading session, Safaricom (SCOM) stock briefly hit a record high of Sh 24, giving the telco a market valuation of Sh 961.57 Billion ($9.62 billion.) The stock ended the [...]Centum Hikes Dividend Despite 16% Drop in Net Profit FY 2017
Nairobi Securities Exchange listed Centum Investment (NSE; ICDC) has reported a decline of 16 per cent in profit after tax to Ksh 8.3 billion in year ended 31 March 2017. The [...]Britam's Asset Management Arm Unveils Exclusive Phone Based Money Market Fund
Britam Asset Managers (K) Ltd has launched attractive unit trust products in a bid to grow its fund management business in the region. The unit trust products which come in [...]Inside the mind of Brigit van Dijk – van de Reijt CEO DOB Equity
We recently had an interview with Brigit van Dijk-van de Reijt, the CEO of DOB Equity; a leading Dutch family office which invests in innovative, scalable and impactful companies across [...]
