Safaricom war with Bitcoin dealer sparks CBK warning
Safaricom war with Bitcoin dealer sparks CBK warning BitPesa is locked in an acrimonious court battle with Safaricom over the telecom operator’s decision to terminate M-Pesa payments to the platform’s gateway dubbed Lipisha Consortium. Through the BitPesa platform, users can convert bitcoin into Kenya shillings and…
Safaricom value jumps ahead of next top 5 NSE firms
Safaricom value jumps ahead of next top 5 NSE firms Safaricom’s capital gain in the midst of a general price decline at the Nairobi Securities Exchange (NSE) has pushed its capitalisation ahead of the five next largest companies in the bourse. Safaricom is currently valued at…
Mumias share price up on Comesa safeguards extension
Mumias share price up on Comesa safeguards extension Mumias Sugar Company shares at the Nairobi Securities Exchange (NSE) rose 6.7 per cent Tuesday following the extension of the Common Market for Eastern and Southern Africa (Comesa) quantitative safeguards that give a lifeline to the industry for…
BAT calls whistleblower a ‘rogue’ ex-staff
BAT calls whistleblower a ‘rogue’ ex-staff Cigarette manufacturer British American Tobacco (BAT) has described its former employee who blew the whistle on bribery at the company as a “rogue” individual who has an axe to grind with the firm. Mr Paul Hopkins leaked hundreds of secret documents to a BBC…
CfC Stanbic sees a rise in corporate bond issuance
CfC Stanbic sees a rise in corporate bond issuance Standard Bank of South Africa majority-owned CfC Stanbic expects an increase in corporate bond issues in the coming year. The bank projects an increase from this year’s issuance of about Sh14 billion, which is lower than previous…
Safaricom hands over CCTV system to police this week
Safaricom hands over CCTV system to police this week Safaricom is set to hand over the national surveillance system to the government this week after the completion of the project in Nairobi and Mombasa. The telecoms operator said the government would use the infrastructure at no…
Closing Bell: Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 3.85% to close at KES 1.35 which was a KES 0.05 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
KQ pilots lose bid to stop sale of planes
KQ pilots lose bid to stop sale of planes National carrier Kenya Airways (KQ) has won a court battle to sell part of its fleet despite protests from pilots who fear the disposal could render them jobless. High Court judge Monicah Mbaru has…
Power blackout costs Nairobi bourse millions in stock trade
Power blackout costs Nairobi bourse millions in stock trade Trading at the Nairobi Securities Exchange (NSE) was halted Tuesday for more than three hours after a power outage, resulting in low trade volumes. The number of shares traded fell to 3,249,900 compared with 13,723,900 in the…
Closing Bell: Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 8.2% to close at KES 66.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
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