Shilling slump and oil price rebound raises cost of fuel Motorists took a big hit from Thursday’s monthly review of petroleum prices, which will see them pay Sh3.54 and Sh1.86 more per litre of super petrol and diesel respectively. Energy Regulatory Commission (ERC) announced that super petrol will retail…

Safaricom owners set for big pay day after Sh32bn profit Telecoms operator Safaricom Thursday announced a generous dividend policy that promises its owners the highest payout jump since its listing on the Nairobi Stock Exchange (NSE). Vodafone, the UK firm that is Safaricom’s single-largest shareholder…

NSE ranked second-best exchange in Africa despite foreign investor outflow The Nairobi Securities Exchange (NSE) is the second-best performer this year amongst Africa’s large bourses despite recent foreign investor outflows. NSE has slowed down as dollar returns fall with the weakening of the shilling but its performance amongst six second-tier…