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Wednesday, January 22, 2020
stocks

Want to make money in 2020? buy bank stocks

The Banking sector will drive the Nairobi Securities Exchange market in terms of earnings and dividends over the next five years. Egyptian investment firm EFG Hermes Holding says banks will grow their loans by up to 19.2 percent in the next five years after the rate cap was removed in November. The banks will also ride on an 8.4 percent increase...
Safaricom

Safaricom’s success year on year is the result of an obsession with its customers

The founders of Safaricom were an ambitious bunch. From an initial investment of only USD 25 Million and with only 17,000 not-so-happy customers inherited from Telkom Kenya 19years ago, the company has morphed into the largest & most profitable business in Eastern Africa - controlling half of the capitalization of the NSE at a whooping Sh1.14 trillion in value for shareholders. The telco’s market value is...
Women Enterprise Fund (WEF)

Inside WEF and Coca-Cola’s plan to empower women in Kenya.

Poverty in most developing nations has a female face. Kenya is no exception.  In a country where adding economic value involves muscle power, women – especially those living in lower-income settlements are bound to limited opportunities, under-representation in decision-making processes at all levels and are likely to earn less than their male counterparts at work. Related Story: A financial lift has...
Modern Coast

NTSA, Modern Coast online spat leaves commuters stranded

For some time now there has been uncertainty on when Modern Coast Bus Services could resume operation after the suspension of its Road Service Licence following the fatal accident on 12th December that left seven people dead. Read also: Chicken tops jumia food orders And as is the case with many Kenyans during the holiday season, traveling becomes the norm. Stranded...
Women Enterprise Fund (WEF)

A financial lift has seen fortunes change for this Kilifi Women Group

The past week has been awful for merchants in Kaloleni, Kilifi County. Ongoing road constructions on their usual route to Mombasa town, coupled with thorough NTSA inspections at almost every kilometer are forcing matatus ferrying residents to use a longer 70Km route marred by steep valleys and sharp rocks.  “It’s quite a hectic experience, I am tired,” said Elizabeth Mae, a resident of M’bungoni...
Safiri Smart

Safaricom and a Korean mobile operator unveil ‘Safiri Smart’ service to boost global epidemic...

The threat of a global pandemic is rising again. The Democratic Republic of the Congo (DRC) is grappling with the world’s second-largest Ebola epidemic on record, with more than 3100 confirmed infections and about 2100 lives lost according to figures by the World Health Organization (WHO). Such infectious diseases are becoming more common and have been setting global health agencies on...

INSIGHTS

MARKETS

UAP Old Mutual merger starts bearing fruit

UAP old Mutual has reduced its exposures by Sh1 billion by cutting off 100 high-risk accounts according to Group CEO Peter Mwangi. This helped the...

Market report: NSE turnover soars to Sh1.1bilion boosted by BAT

EQUITIES Boosted by the sale of B.A.T shares, turnover soared to Kes.1.1Bn from the previous session’s Kes.215M, the number of shares traded stood at 13.7M...

BUSINESS AND MONEY

Back to School

Parents complain of exploitation by rogue schools

As the back to school week kicks in, Parents across the country will be busy shopping for school items and personal effects ...

How grass-root tourneys are revolutionizing Kenya’s sports sector

For thousands of young Kenyans, the passion for football is part of their daily lives, whether as players on the pitch, spectators...

JOBS

Code for Africa is looking for a Communications Program Assistant

Code for Africa is looking for a Community and Communications Program Assistant who will serve in a support role for our Knowledge and Engagement programs. You...

Forced marriage, rape, and a death sentence

Opinions expressed by the writer, are her own. Noura was only 16 when she was forced into an arranged marriage. Her new husband raped her...

Here is a summary of the latest corporate actions in Kenya

Unga Group Plc announced a First & Final dividend of Kes.1.00 on 28-September-2018; Books Closure 06-Dec-2018; Payment 31-Jan-2019. Longhorn Publishers Plc announced an Interim dividend...

Uchumi saved from the auctioneer’s hammer

Uchumi has been granted stay orders stopping landlords from kicking them out and creditors from auctioning the retailer. Related: Athi River Mining (ARM) cannot pay back...

OTHER NEWS

Ecobank Kenya launches the Emerald Ecobank Business Club

Ecobank Kenya as launched the Emerald Ecobank Business Club as it races to widen opportunities for its Small and Medium Enterprises (SMEs) customers by creating...

South Africa port operator eyes Lamu port

South Africa’s national port and freight-rail operator is hunting for deals across the continent, from Senegal to Zimbabwe. Bloomberg reported that in Kenya, the company...

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E-commerce merchant promise to revolutionize the sector

With the emerging of online businesses, many people are finding themselves on Google searching for online platforms whereby they can shop for...

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