Ethiopia Seeks Foreign Investors for a 40% Stake in Ethio-Telecom
The Ethiopian government is inviting international investors to express interest in its telecommunications company, Ethio-Telecom. According to a statement issued by the ministry of finance, Ethiopia is now ready to [...]
NSE Weekly Turnover Plunges 53.6% to KSh 2.32 Billion
Nairobi Securities Exchange (NSE) recorded a 53.6% decline at the close of last week to KSh 2.32 Billion. This is against a turnover of KSh 4.99 Billion recorded the previous [...]
Safaricom led consortium signs Ethiopia Licence Agreement
Safaricom-led consortium dubbed “Global Partnership for Ethiopia” has signed a licence agreement with the Ethiopian Government after being announced as the winner of one of the two telecom licenses that were [...]
CBK Collects KSh 22.9 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted bids worth KSh 22.9 Billion from the weekly Treasury Bills Auction out of KSh 38.9 Billion received from investors, an oversubscription of 162.5%. The [...]The Countries Driving Bitcoin Adoption in Africa
Bitcoin is a virtual currency created in 2009—and has evolved to become one of the most widely used cryptocurrencies over the years. In recent times, Africa has witnessed greater cryptocurrency [...]
Nation Media Group Shareholders to Approve Share Buyback
Nation Media Group (NMG) Board of Directors has recommended that the firm's shareholders effect the Share Buyback plan by way of open market purchases through on the Nairobi Securities Exchange [...]Ethiopia Relaxes Cash repatriation restrictions for Safaricom led Consortium
On Saturday, a Safaricom-led consortium dubbed “Global Partnership for Ethiopia” which comprises of its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan's Sumitomo Corporation won [...]Serena Hotels Posts its Biggest Loss Ever After Tough Year
TPS Eastern Africa, the company that owns and operates Serena Hotels, has reported a net loss of KSh1.2 billion for the year 2020, its biggest loss ever, after a tough [...]Crown Paints' KSh711 Million Rights Issue to Begin Trading on 10th June 2021
Crown Paints, a major paint manufacturer in Kenya and the East African region is in the process of issuing new shares through a rights issue. The company plans to raise [...]Safaricom led Consortium To Start Ethiopia Operations in 2022
A license to operate telecommunication services in Ethiopia was on Saturday awarded to Kenya’s telco giant Safaricom in a consortium made up of Vodafone, Japan’s Sumitomo, and UK finance agency [...]KTDA Eyes NSE Listing as Tea Farmers Set To Own Direct Shareholding
The Kenya Tea Development Agency Holdings PLC (KTDA Holdings) has announced that individual smallholder tea farmers affiliated with the organization will have an opportunity to own direct shareholding of the [...]NSE Daily Equity Turnover Rises 59% to KSh 757.9 Million
Nairobi Securities Exchange(NSE) recorded an increase in turnover by 59% to KSh 757.9 Million when trading closed this Monday, 24th May 2021. NSE top price gainer Top price gainers were [...]
