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Safaricom has hit a new peak in NSE dominance after it's market valuation exceeded 50 per cent of the Sh2.22 trillion stock market. Its valuation of Sh1.13 trillion at close of trading Thursday is now 50.7 per cent of total investors’ wealth at the Nairobi
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The Directorate of Criminal Investigations is investigating cases of suspicious cash transactions that have been flagged by banks during the on-going demonetisation of Sh1000 note. Central Bank Governor Patrick Njoroge says some of those cases are of people who wanted to change over Sh5 million to new currency notes. “We
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A 9-year-old Congolese girl tested positive for Ebola in Uganda on Thursday during screening at Mpondwe border post after travelling from Congo, where an outbreak of the highly infectious disease has killed nearly 2,000 people. The girl, who is now in isolation at a hospital in the Ugandan border
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Calls for Kenya to legalise bhang have been growing and the recent announcement by US company, Bangi Inc, that it plans to cross-list on the Nairobi Securities Exchange, looks set to put to test the country’s resolve to continue putting the drug among banned substances. Cannabis, as bhang is
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Lately, Organisations are retrenching and we are fallaciously blaming technology. Although Kenya is nowhere near the top of the intensity of technology use, the use of technology has given Kenya a good image. Technology has enabled greater productivity and contributed to economic development at large. However, it is not the
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Ali Punjani, a Mombasa tycoon who is being sought by police over drug trafficking, has extended his stay in India for five days. According to his personal assistant, Mr Punjani was admitted to the Asian Heart Institute in India where he underwent open-heart surgery early this month. He was expected
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Uber ride costs nearly doubled on some routes in the city as new rates announced by the digital taxi company took effect Monday. Riders taking UberX and ChapChap options on average paid more than 60 per cent above the older charges during off-peak hours in a big win for the
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Naivas Supermarkets Chairman Simon Gashwe Mukuha has passed on. He suffered a stroke on Saturday and succumbed today at the Aga Khan hospital, Kenyan Business Feed has learnt. Mr. Gashwe was among the four founders and directors of the retail firm. According to the Naivas website, arrangements for his funeral
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Safaricom customers have borrowed Sh81 billion in six months on the Fuliza overdraft service, revealing a huge pent-up demand for instant, micro-loans in the economy. The Fuliza overdraft facility, which was launched on January 5, is a partnership involving Safaricom, Commercial Bank of Africa (CBA) and KCB Group. The banks
World Business
By AFP More by this Author British Prime Minister Boris Johnson on Sunday held his first face-to-face talks with Us President Donald Trump since taking office. During the meeting, the US president backed the British PM as the "right man" to deliver Brexit for Britain. Trump and Johnson
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Education CS Magoha has said that there will be no events, no fundraising, no prayers whether in public or private schools during the third term to curb examination malpractice. He was speaking at the launch of CBC teacher training session in Machakos. He further warned candidates and teachers from engaging
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Kenyans in the diaspora sent home Sh66.6 billion using Equity Bank’s Financial Technology (FinTech) capabilities during the first half of 2019. The figure represents a 28 per cent growth from the previous year, when they used the bank’s technology platform to send home Sh52.2 billion. “The