Video; Breaking down the MTN Uganda IPO with CEO Wim Vanhelleputte
23 Years and 15 million subscribers later, MTN Uganda is offering an Initial Public Offering on the Uganda Securities Exchange. Join Eric Jackson and Wim Vanhelleputte as they break down [...]
Vodacom Group to acquire controlling stake in Vodafone Egypt for US$2.738 Billion
Vodacom Group on Wednesday announced that has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators. Subject to regulatory and shareholder [...]
Exclusive Podcast; Safaricom in talks with Local Banks to Fund Ethiopia Unit
Safaricom this morning released half year financial results posting an impressive top-line and bottom line mainly driven by M-pesa service revenues. We had a brief one on one chat with [...]
Safaricom Half-Year Net Profit Up 12.1% to Ksh 37 Billion as Borrowings Hit Ksh 77 Billion
Safaricom Plc on Wednesday released its unaudited results for the six months ended 30 September 2021 with net profit for the period rising by 12.1% to Ksh 37.056 Billion compared [...]CMA issues Full License to Three Coffee Brokers
The Capital Markets Authority (CMA) has issued two full licenses to Kipkelion Brokerage Company Limited and Murang’a County Coffee Dealers Company. This brings the number of coffee brokers that have [...]
Kenya Shilling hits losing Streak on Strong US$ Demand
The Kenya Shilling has been a steady losing streak the entire week in what analysts and forex traders attribute to strong dollar demand especially from oil importers and weak inflows. [...]NSE Daily Equity Turnover Declines 13.7% to KSh 417.7 Million
Nairobi Securities Exchange(NSE) recorded an equity turnover of KSh 417.7 Million this Wednesday compared to KSh 483.9 Million the previous day, a drop of 13.7%. The volume of shares also [...]Kenya's Stock Market Maintains Moderate Volatility in Q3 Despite Foreign Exits CMA Report
The Nairobi Securities Exchange (NSE) experienced relatively low volatility in Q3 compared to the previous quarter, attributable to sustained investor interest in select large-cap stocks notably in the telecommunication, banking, [...]Telkom Kenya Partners with Ericsson and NEC XON to Launch 2000 4G Sites Nationwide
Telkom Kenya today announced a partnership with Ericsson and NEC XON to deepen mobile broadband connectivity in Kenya, as part of Telkom Kenya's strategy to accelerate digital transformation in Kenya [...]Kenya's Stock Exchange Expects Day Trading to Lift Volumes to Record
Market participants at the Nairobi Securities Exchange (NSE) have welcomed a move by the Exchange to introduce day trading as one the ways that will result in higher volumes and [...]East African Breweries Corporate Bond Commences Trading at the NSE
The East African Breweries Plc has been listed on the Nairobi Securities Exchange, where trading on the KSh11-billion issue began today. EABL Group Managing Director and CEO Jane Karuku performed [...]KenGen Full -Year Net Earnings Decline by 94.6% to KSh 1.2 Billion
Kenya Electricity Generating Company Plc (KenGen) has released its full-year results for the financial year ended 30th June 2021 reporting a decline in Net Earnings to KSh 1.2 Billion compared [...]
