Safaricom’s Plans Thwarted By Rwandan Government In What Is A Blow To Regional Integration
Safaricom‘s plan for its customers visiting Rwanda from this October to make local calls at KES 10 a minute have hit a snag. The Rwandan government has imposed a 30% tax on cross-border call charges in what appears to be backtracking on a…
Oct 3 Morning Bell: Eveready Losing The Most Value At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 11.00 am this morning. The winners Limuru Tea, Olympia Capital Holdings, Total Kenya, Unga Group and Kapchorua Tea are the companies whose share price has appreciated the most…
5 Things You Should Know This Morning – Oct 3
Kenyan shilling firms but still vulnerable, stocks inch lower The Kenya shilling closed at 89.20/89.30 to the dollar, compared with Wednesday’s close of 89.25/45, having reached an intraday high of 88.90/89.10. The shilling is expected to stay under pressure with hard currency inflows taking a beating after Kenyan officials failed to meet a Sept. 30…
Oct 2 Closing Bell: Centum Declines The Most At The NSE
The winners The price of Kenya Orchards rose 10% to make it the top gainer at the Nairobi Securities Exchange. However only 200 Orchards shares changed hands in one transaction at 11.49 am today. Olympia Capital Limited continued its strong…
Airtel Uganda Partners With Equity Bank To Improve Financial Access
Airtel Uganda has partnered with Equity Bank Uganda, Uganda Cooperative Savings and Credit Union (UCSCU), and FutureLinkTechnologies (FLT), to implement the Integrated Financial Inclusion Project (IFIP). This is intended to enable more than 2 million customers to get financial access regardless of their location. It will make it easier for…
Oct 2 Morning Bell: Olympia Capital Holdings Up 9.45% At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 10.45 am this morning. The winners Olympia Capital Holdings (OCH) had appreciated the most in price. Its shares were exchanging at KES 6.95. The company h…
5 Things You Should Know This Morning – Oct 2
Kenyan shilling steady, stocks a fraction higher At 1300 GMT, commercial banks quoted the shilling at 89.25/45 to the dollar, compared with Tuesday’s close of 89.30/40. Traders said there were some dollar inflows from tea exporters and non-governmental organisations, which countered the demand for the U.S. currency. On the Nairobi Securities Exchange, the main NSE-20 Share Index…
Oct 1 Closing Bell: Longhorn Kenya Top Gainer At The NSE
The winners Longhorn Kenya‘s price appreciated 9.8% today. At the close of trading, its share was fetching KES 28.00. This is the third day since Monday that the publisher’s share has ended the day among the top five gainers. Other shares that rose in value were…
Nairobi Securities Exchange Picks Acting CEO
The Board of Directors of the Nairobi Securities Exchange has appointed Mr. Andrew Wachira as the Acting Chief Executive of the Exchange effective today. This follows the exit of Mr. Peter Mwangi as the Chief Executive on September 30, 2014. Mr Mwangi will be heading to Old Mutual Kenya to serve as…
Kenya-Rwanda Roaming Rates Lowered In East African Integration Effort
Safaricom has announced that it is set to lower the cost of calls and roaming rates between Kenya and Rwanda. The new rates take effect from today. The move which comes ahead of the East African Community (EAC) Heads of State initiative dubbed “One Network” set to officially launch in…
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