Safaricom's M-PESA Market Share Drops, Airtel Gains Marginally-CA
Airtel Networks gained its market share in mobile (SIM) and broadband subscriptions while Safaricom lost in both areas, according to the Communication Authority of Kenya (CA) fourth quarter statistics report [...]
Adani Signs USD 736m Power Deal with Kenya Amid Controversy
Indian billionaire Gautam Adani’s power transmission unit, Adani Energy Solutions, has signed an agreement with the Kenya Electricity Transmission Company Limited (KETRACO) to develop, finance, and maintain key power infrastructure [...]
Investors Flood T-Bills Amid Interest Rate Cuts
Investor demand for Treasury bills surged in the weekly auction, recording the steepest oversubscription rate in 2024. Demand remained skewed to the shorter term 91-day paper as investors continue to [...]Ethio Telecom to Kickstart Ethiopian Securities Exchange with 10% Listing
Ethio Telecom will be the first company to list on the Ethiopian Securities Exchange (ESX), the country's new bourse kicks off next week. Ethio Telecom enjoyed a virtual monopoly until [...]Gov't Suspends US$ 2.43 Price Floor on Tea as Glut Intensifies
The rising pile of unsold tea in the Mombasa auction has forced the government to drop the minimum reserve prices set in 2022, which aimed to cushion the market from [...]Treasury Bills Rates Decline amid Looming Interest Rate Cuts
Interest rates on treasury bills have trended downwards for the past 10 consecutive weeks after the first rate cut in 2024 with investors expecting even bigger cuts. The CBK however [...]Markets Expect CBK to Cut Interest Rates Again
The market expects a 0.5% or more cut in the benchmark lending rate from the Monetary Policy Committee (MPC) meeting next week following recent economic data. “There is no compelling [...]Sky Foods Collapses, 7 years after Acquiring Treetops Juice Brand
On September 26th, an administrator was appointed to take over all the company assets of the insolvent juice processor, Sky Foods. “I, official receivergive notice that I have been appointed [...]African Finance Corporation Issues US$500mn Eurobond Listed on LSE
The African Finance Corporation (AFC) has successfully issued a US$500mn 144A//Reg S Eurobond on a five year bond, issued at par with a coupon of 5.55%. “The significant oversubscription and [...]
Kenya’s Inflation Eases to 3.6% in September
Kenya’s annual inflation rate dropped significantly in September to 3.6 percent, levels last seen in November 2012, falling below the Central Bank of Kenya’s midpoint target of 5%. In the [...]Mobile Apps for Wealth Managers: What are the Benefits? – Part 2
I've previously mentioned that the main beneficiary of a mobile app for a wealth management firm was the investor client. In my mind this should always be the case but [...]
Unga Group Cuts Full Year Losses to KSh669.6 Mn
Unga Group narrowed its losses to KSh669.6 million in the full year ended June 2024 from KSh959.4 million posted previously on reduced costs. Finance costs edged lower by 28.7% to [...]
