Author: David Indeje

Shares of Safaricom Plc advanced nearly 1.4 per cent to hit a record high of Ksh 39.90 on the Nairobi Securities Exchange on Wednesday after the company made its bid for one of the operating licence in Ethiopia.  At the close of business, 11 million shares worth KSh 441.7 million changed hands at a price of between KSh39 and an all-time high of KSh40.2, bringing the average for the day to KSh39.9. “SCOM began the year with a share price of Ksh 34.25 and has since gained 16.5 per cent on that price valuation, ranking it 5th on the NSE…

South Africa’s Echo International, a cloud-based, pan-African ICT service provider has formally launched its brand in Kenya with a new office and products. Echo Kenya brand will deliver value in creative and transformative ways, with a focus on building partnerships with clients as an Internet access provider. “We are strategically aligned ready to take off,” said Echo International Managing Director Ken Munyi. Munyi says this will be through service delivery, investment holdings and strategic partnerships. “Our persuasion is not to build or acquire but have an ecosystem that delivers value to our customers.” Loren Bosch, Chief Operating Officer at Echo…

Kenya’s Judicial Service Commission (JSC) Tuesday unanimously nominated Court of Appeal judge Justice Martha Koome Karambu for the position of Chief Justice. If appointed, she will become the first female president of the Supreme Court of the Republic of Kenya.  The JSC said she emerged the best among the 10 candidates who sought to replace retired Chief justice David Maraga. “After lengthy deliberations and careful consideration of the performance of various candidates, the JSC has unanimously recommended the appointment of Hon Koome Martha Karabu as the Chief Justice of the Republic of Kenya and has submitted her name to the…

“The moment I played it I think even the instrument became happy because it was not bored again. When I hear it from someone else playing or when I play it, it takes me to another world a world that is stress-free you can’t think of any other thing, but music only and when you think of music, you think of happiness,” Cyndicate Kabei, French Horn player. Sunday afternoon, my house reverberated with melodies, from work from home, Colonel Bogey March”, a British march that was composed in 1914 by Lieutenant F. J. Ricketts (1881–1945), moon river to the 1812…

Safaricom Plc through a consortium with its parent firms Vodafone and Vodacom, British development finance agency CDC Group and Japan’s Sumitomo Corporation has made a formal bid to get a licence to operate in Ethiopia. “The ECA has indicated that proposals from interested bidders must be submitted by 26th April 2021, and the successful bidders will be announced within thirty (30) days (subject to timings subsequently advised by the ECA),” said Safaricom on Monday. The deadline for submitting bids is set for Monday 26th April 2021, and according to the Ethiopian Communications Authority (ECA), successful bidders will be announced within…

Kenya Electricity Generating Company PLC (KenGen), will reward its shareholders with Kshs.1.98 billion in dividends. This follows the approval by shareholders of the Board’s recommendation for a first and final dividend payment of Kshs 0.30 per ordinary share of Kshs 2.50 during the Company’s 68th Annual General Meeting (AGM). The dividend payout for the year ended June 2020 is an increase from the Kshs 1.65 billion paid to the shareholders in 2019. During the year ended June 2020, KenGen announced a Kshs.13.9 Billion profit before tax which translated into 18% growth from the previous financial year during which the company…