Tarrif Increase by Safaricom Caused Fall in Call Traffic
Mobile service operator Safaricom decided to increase its call charges in October by 25% after it recorded a huge drop of profits in the preceding months, a report by The Communications Commission of Kenya has revealed. This move by the leading mobile service provider…
Kenyans' Preffered Network for Off-net Calls
Data from Communications Commission of Kenya, 2nd Quarter October to December 2011 Report, shows that users prefer Airtel when it comes to Off-Net calls. Airtel recorded the highest off-net traffic, at 429,766,670 over the period of October to December 2011. This comes despite the fact that…
Results of Wednesday’s T-Bill Auction
The Central Bank of Kenya yesterday auctioned 91 day and 182 day Treasury bills worth KES 7 billion. The 91 day T-bill received a subscription of 67% representing bids worth KES 2.7 billion while the 182 day T-bill received bids worth KES 5.3 billion representing a…
Scangroup: Infographics on Growth
“To add outstanding value to our clients and shareholders and have fun doing it.” That is one Kenyan multi-billion shilling company’s mission, to add value to clients. The firm has indeed done that and has the financial success to prove it. Scangroup Limited recently announced its financial results for the…
Stocks Watch
At the close of business yesterday the NSE All Share index had moved up 0.56 points (0.75%) to close at 75.49 points while the NSE 20-share index moved 20.85 points to close at 3489.24points (0.81%). Safaricom Limited was yesterday’s biggest mover with 34.22 million shares being traded in the session…
Safaricom Records Highest Number of Subscribers
Data from the Communications Commission of Kenya (CCK), 2nd Quarter October – December Report, shows that Safaricom recorded the highest number of subscribers over the stated period. Safaricom Ltd recorded the highest gains with 741,560 new subscriptions from 593,177 recorded the previous period. Yu…
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Wednesday as compared to Tuesday: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 17/04/2012 83.15 131.9187 108.95 10.4478 30.0663 19.062 7.2942 18/04/2012 83.138…
CBA Opens Branch in Thika
Commercial Bank of Africa (CBA) has kicked off its retail expansion with the opening of a new branch in Thika town. The new branch, strategically located at the Central Business District of Thika town, offers a wide variety of services to the high networth…
They've Got Milk
Eastleigh is the land of milk, but without the honey. In the past few weeks, there has been a shortage of milk in the estate shops and some supermarkets. But while the rest of the country was scouting from a shop to another in search of just a…
Increase in Use of Mobile Money
The rapid uptake of mobile money transfer and banking has been attributed to the continued demand of the service’s ability to address banking issues. More particularly, low income earners who do not have access to banking services have been in the frontline in the growth of the service, offered by…
The Good Side of Economic Integration
Related to: Integration, What does it mean? Economic integration refers to the process of unification of economic policies through the removal of trade tariffs. This is meant to ensure the free movement of people, goods, services, and capital, enact and maintain common policies on trade,agriculture and regional development and…
Why City Council of Nairobi Stopped Collecting Garbage
Wondering why City Council of Nairobi (CCN) stopped collecting your garbage? Well, it’s because it does not have enough garbage trucks. To be precise; CCN only has 12 garbage trucks. Town Clerk Philip Kisia says the council had 250 trucks in the 1970s but…
How Safaricom Internet Speeds Work
@mugambijohn Speeds on the bundle can go up to 512kbps and after downloads of 1.5 Gb this goes to 128kbps as per the fair usage policy ^SW — Safaricom Limited (@SafaricomLtd) April 18, 2012 …
Closing Bell 18/4/12
A summary of the day's NSE and Exchange Rate activity.
Save for Your Child's Education Early
Educating children is probably the second most expensive item on a family’s list of inevitable things after food and shelter. The cost of taking children through an education right after their birth is a consuming factor that many people have never put into consideration. Right from the time the little…
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