Author: Korir Issa

Shares of insurer Sanlam Kenya Plc jumped 7.1 percent Friday on the Nairobi Securities Exchange (NSE) to trade Ksh.12.9 per share from Ksh.12.05 Thursday after the company reported a merger deal with Germany’s Allianz. Sanlam began the year with a share price of Ksh 11.55 and has gained 11.7 percent on that price valuation, ranking it sixth on the NSE in terms of year-to-date performance. https://twitter.com/NSE_PLC/status/1522654148373659649?s=20&t=ANp3vXNW73N4y8nRdsbFEw In the week, Sanlam and Allianz said they have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent. The joint venture…

It is no secret that mothers keep the wheels of a household turning. From ensuring that there is a stock of food to buying everything that everyone needs to get along, they are always on the run, ensuring that all the daily goals are met. And with Mother’s Day fast approaching, it is time you appreciate and celebrate her efforts. With only a few days left until Mother’s Day, you probably wonder what to get her in celebration of this special day. There is nothing like spoiling her with some of the best deals that Standard Chartered Bank Kenya is…

Quickmart Supermarket’s bullishness will not stop any time after expanding its branch network by opening a new outlet at Tuskys Mall (T-mall) located along Lang’ata road. The retail space had previously been occupied by cash-strapped Tuskys Supermarket. This brings its total number of operational outlets to 51, having opened two other outlets in Kitengela and Machakos towns. https://twitter.com/QuickmartKenya/status/1520393833179193345?s=20&t=bqQEZhr0R4w9CHwwkl7iyA According to Cytonn Investments, the decision to open the outlet in Lang’ata is supported by; “The need to step up (market) competition and market domination against retailers such as Naivas that has opened 4 outlets this year, while also having plans to…

Airtel Kenya has paid KSh1.13 billion to the Communications Authority (CA) for a new spectrum license to be used for 10 years. This means the telco will be able to meet rising demand from its customers in need of additional data services without increasing bundle charges. As a result, the regulator has given the operator a non-contiguous 2×10 MHz block of spectrum in the 2100 MHz for $10 million valid for 10 years. In addition, the telco has committed itself to clear the KSh2.2 billion bill for its current license it has been using since 2015. The telco’s operating license…

The Kenya shilling in April slumped to an all-time low exchanging at 115.8 units against the dollar on increased dollar demands by importers and corporates. This was a 0.7 percent depreciation from Kshs 115.0 recorded at the end of March 2022. The demand has been on the back of increased global oil prices against a slower recovery in exports and in the tourism sector according to Cytonn Investment Analysts. “On a year-to-date basis, the shilling has depreciated by 2.3 percent against the dollar, in comparison to the 3.6 percent depreciation recorded in 2021,” they note, A weak shilling leads to…

As a part of marking Ramadhan, DIB Bank Kenya Limited, a subsidiary of Dubai Islamic Bank treated its customers to an Iftar Dinner for their support and shared cheer during this holy month of Ramadhan. Ramadhan, a season of prayer and fasting for the Muslim, is a time to reflect on their lives and purposely focus on the positivity.  It is also a season of cheer when people come together and break the fast as they share meals.  ” As an Islamic Bank, sharing a meal is an important part of Ramadhan, and today we have come together to share…