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 [...]CBK to Retain Policy Rate at 7% when its MPC Meets, say Analysts
The Central Bank of Kenya(CBK) is expected to retain the key policy rate at 7% when its top decision-making organ, the Monetary Policy Committee(MPC), holds its session this Wednesday, 26th [...]Foreign Remittances in April Climb to Highest Level in 2021
Kenyans in the diaspora sent home a record amount of money in the month of April according to data released by the Central Bank. Foreign remittances rose to $299.3 million [...]Crown Paints to Raise KSh711 Million in Rights Issue
Listed company, Crown Paints, plans to raise KSh711,810,000 through a rights issue after obtaining the necessary approvals from the company's board of directors, shareholders, and the Capital Markets Authority. As [...]Kakuzi explores value addition opportunities, plans to spend KSh 400 million in supporting smallholder avocado farmers
Kenyan listed integrated agro-business firm Kakuzi PLC has announced plans to invest more than KSh. 400 million in capital expenditures (CAPEX) this year to upscale the operations of its smallholder [...]
