Author: Muindi

Airtel Africa will introduce its fifth generation (5G) mobile broadband service in high-income neighbourhoods. The new technology is expected to provide much faster internet speeds than the widely available 4G, though it requires more high end smartphones and data subscriptions. “On the 5G rollout, we’ve acquired spectrum in a number of countries. Tanzania, Zambia, Kenya, Nigeria, of course. We’re going to do selective rollout of the 5G,” Segun Ogunsanya, the chief executive of Airtel Africa, said in a recent conference call. “I still believe that 5G is good in the medium term. In the short term our focus will continue…

Kenyans living abroad sent home KSh43.7 billion in January, a 3.2 per cent increase compared to the KSh42.4 billion sent in the same month, 2022. According to the Central Bank of Kenya (CBK), “The remittance inflows continue to support the current account and the foreign exchange market,” said CBK in its weekly bulletin. The cumulative inflows for the 12 months to January 2023 totalled USD 4,039 million, compared to USD 3,778 million in January 2022, an increase of 6.9 per cent. The US remains the largest source of remittances into Kenya, accounting for 58.5 per cent of the inflows during the…

ChicKing, a Dubai-based halal fast-food chain, has opened its first location in Kenya and the East African market in Mombasa along Nyerere Avenue. ChicKing, which specialises in fried chicken, opened quick-service restaurants in partnership with the newly formed local franchise M/s Crispy Ltd. With its entry, it plans to open a new outlet in Nairobi as part of its expansion plans to have 30 new outlets in Kenya within five years. “All our chicken is sourced locally, the bread for the burgers and even the potatoes for the French fries, everything is coming from the local market,” ChicKing Global Franchise…

How safe is your money in bank accounts? For most of us, “laughing all the way to the bank” applies when our bank accounts are ‘loaded’. For the employed, this mostly happens at the end of the month, immediately after payday. For businessmen and women, this is common after a successful sale. However, in this digital era where fraudsters are becoming increasingly innovative, we must keep up-to-date with the new tactics being employed so that we avoid falling prey to potential schemers who have a trend of targeting unsuspecting Kenyans mainly during the end month. We tell you a short…

Twitter on Thursday announced that Blue subscribers in the US can now post long tweets of up to 4,000 characters on the microblogging platform. https://twitter.com/Twitter/status/1623411536243965954?s=20&t=wGTJgvgHmwxNjYtxlGsv_g The company posted from its @TwitterBlue account: “Starting today, if you’re subscribed to Twitter Blue in the US, you can create longer tweets. “Most standard functions of Tweeting still apply, whether you want to post a picture, use a hashtag, or create a poll. But now you can type all the way up to 4,000 characters.” “We know longer tweets could mean a lot of scrolling, so they’ll be capped at 280 characters on your…

The Nairobi Securities Exchange (NSE) has amended its trading rules to allow block trades to drive more liquidity in the market. A block trade is a large, secretly negotiated securities transaction called a block deal. It is typically set up outside of open markets to limit its impact on the security price. At the bourse, block trades shall constitute the sale of shares whose value exceeds KSh3 billion and constitute 5 per cent or more of an Issuer’s total issued shares, subject to a maximum of 24.99 per cent. They can also constitute the sale of shares whose value is…