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Safricom Takes MPESA Global

The big league, Safaricom encounters rivals in global payment stage

Safaricom deal to take M-Pesa abroad and muscle global players may have attracted competition at home as international brands also eye the local market. Early in the month, the biggest telco in Kenya unveiled a...
CMA and NSE

The CMA penalized individuals and firms Sh113.4 million last year but Sh49 million was...

East African Cables limited owned by TransCentury was fined by the CMA for operating with a negative working capital and put on a monthly microscope to remedy their position. Cytonn Investments was fingered for conducting...

Good profits will not necessarily inspire a buy on stocks

Banking counters are about to release their results led by Equity Bank which posted an 8 percent rise in net profits to September from Sh14.6 billion last year to sh15.8 billion. Read also: Andrew Kairu appointed...
Telkom Kenya

Telkom Kenya to sack 500 staff in another painful retrenchment exercise

Telkom Kenya has today issued the requisite thirty-day notice to relevant authorities and company stakeholders, of an intended workforce-restructuring exercise. In the statutory notice to the Ministry of Labour, Telkom Kenya has indicated that...
Andrew Kairu

Andrew Kairu appointed as the new KCB group chairman

The KCB Group Plc Board has appointed Mr. Andrew Wambari Kairu as the new Chairman of the Group Board of Directors.  The appointment takes effect on October 24, 2018. Mr. Kairu takes over from...

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