Safaricom CFO Dilip Pal on Earnings, M-PESA Surge, and Ethiopia Strategy
In this exclusive interview with The Kenyan Wall Street, Safaricom Chief Financial Officer (CFO) Dilip Pal unpacks the performance and key drivers behind the numbers. “Our customers are at the [...]
Base Titanium Opens Mining Equipment Auction to Local Bidders
Australian mining firm Base Titanium will auction its mining equipment — including industrial pumps, transformers, power modules, and control systems — after winding up its 11-year extractive operations in Kwale. [...]
Serena Hotels Resumes Dividends After 5-Year Hiatus
TPS Eastern Africa PLC, which operates Serena Hotels, has reinstated its dividend payout after a five-year hiatus, declaring a KSh 0.35 per share dividend for FY2024, matching its last distribution [...]
Airtel Africa Drops WPP Scangroup’s Ogilvy After 15 Years
Listed advertiser, WPP Scangroup, has confirmed the end of the 15-year engagement between its flagship agency, Ogilvy Africa, and telecoms operator Airtel Africa, as the marketing group contends with wider [...]Safaricom is Eyeing Mergers Acquisitions in Next Growth Phase, CEO Peter Ndegwa Says
Safaricom PLC has unveiled a new five-year strategy focused on transforming into Africa’s leading purpose-led technology company, with a strong emphasis on innovation, enterprise solutions, and strategic acquisitions. In an [...]Kenyan Shilling's Strength Lifts Airtel’s Revenues in East Africa
Airtel Africa has posted strong operational momentum for the year ended March 2025 in its East African markets, where the appreciation of the Kenyan shilling helped minimize the impact of [...]Sanlam Kenya’s Stock Falls 43% as Shareholders Face 77% Dilution
When Sanlam Kenya Plc announced plans for a KSh 2.5 billion rights issue on April 3, 2025, its stock price surged to a post-announcement high of KSh 10.35 — an [...]Safaricom's Balance Sheet Takes KSh 111Bn Hit as FX Losses Bite
Safaricom PLC has posted a net profit of KSh 69.8 billion and maintained a KSh 48.08B dividend, but its total equity fell by KSh 111.7B (–33.3%), from KSh 335.7B in [...]NSE Launches EmpowerHER Patrons Circle to Champion Gender Inclusion in Capital Markets
Nairobi, Kenya–May 8, 2025—Today, the Nairobi Securities Exchange Plc (NSE) proudly unveiled theNSE EmpowerHER Patrons Circle, a dynamic leadership and advocacy platform dedicated toaccelerating gender inclusion, improving women’s access to [...]
Safaricom’s Revenue Tops 3 Billion Dollars, A First In The Region, As Investment In New Technology Pays Off
Nairobi, Kenya; Addis, Ethiopia – 9thMay 2025Safaricom PLC (NSE:SCOM) has announced an 11.2% growth in total revenue to KES 388.7 billion ($3 billion) for the financial year ending 31stMarch 2025, [...]NSE’s Ibuka Program Opens Opportunities for SMEs to Unlock Investment and Financing
Micro, Small and Medium Enterprises (MSMEs) are the undeniable backbone of the Kenyan economy, making up 98% of all businesses in the country. Unfortunately, they often lack the necessary corporate [...]Stanbic Bank Kenya Posts 16.6% Dip in Profits in Q1
Stanbic Bank Kenya, which once again maintained its tradition as the first bank to release earnings, reported a 16.6% drop in net profit for Q1 2025 to KSh 3.33 billion, [...]
