The Capital Markets Authority (CMA) has licensed AKN Investments Limited as an investment adviser under the Capital Markets Act and Regulations. The approval brings the number of investment advisors authorized by the Capital Markets Authority to 18. An investment advisor is a person or group licensed under the Capital Markets Act to make investment recommendations or conduct securities analysis in return for a fee whether through direct management of a client’s assets or through written publications. The AKN Investments Limited team includes specialist investment advisors with extensive product and industry knowledge, who have harnessed this to forge deep customer relationships, robust value systems of…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
CCI Global, an international contact centre operator in Africa, plans to develop a purpose-built state of the art office facility in Ruiru’s Tatu City and will be creating more than 4,000 jobs for Kenyans. In a statement, the company said its’ five-story facility will be developed by Gateway Real Estate Africa (GREA), a private development company specializing in turnkey construction. The development is expected to be completed by December 2023, and will consist of training facilities and a career centre. “CCI’s business in Kenya, which serves well-known American, British, Australian and other international brands, continues to accelerate, thanks to our…
MAS Intimates Kenya, a Sri Lankan apparel and textile manufacturer is now fully operational in the country after it commenced operations in 2020. Currently, it has employed over 3,000 Kenyans. President Uhuru Kenyatta during its commissioning in Athi River on May 11, described the investment as a testament to the decade-long groundwork laid under the manufacturing pillar of the Big 4 Agenda. ”You have injected over $8.5 million (KSh986 million) into our economy, employed over 3,000 Kenyans and shipped garments worth over $24 million (KSh2.8 billion) which are affixed with the magical, Made in Kenya tag,” he said. 2/2 Set…
Fuel prices in Kenya, Petrol, diesel and kerosene were on Saturday hiked by Ksh.5.50 a litre each in the latest maximum price review by the Energy and Petroleum Regulatory Authority (EPRA). EPRA has attributed the price jump to an increase in the average landed cost of the fuel products with kerosene marking the highest price jump at 31.13 per cent. Super Petrol is now expected to cost Ksh.150.12 in the capital city Nairobi while the cost of diesel and kerosene will rise to Ksh.131 and Ksh.118.94 per litre respectively. In Kisumu, a litre of petrol will go for KSh150.53; diesel…
Safaricom is working on an M-Pesa product for young children between the age of 10 to 18 years to be launched in Q2 of 2022. According to Safaricom, its purpose of transforming lives combined with the use of technology and innovative spirit has enabled it to develop products that solve customer issues. “We plan to soon launch an M-Pesa junior product for our children who may have access to mobile phones. Our focus on customers calls on us to invest heavily in our network to develop tailor-made products and improve our service offerings,” Safaricom Chief Executive Officer Peter Ndegwa announced…
Equity Group Holdings reported on Thursday a 33.7 per cent growth in profit at Ksh.11.4 billion from Ksh.8.6 billion, driven by strong growth in core operating income. The lender’s net interest income grew by 31.1 per cent to Ksh.19.4 billion from Ksh.14.8 billion. Its non-interest funded income (NFI) grew by 9.2 per cent from Ksh.10.9 billion to Ksh.11.9 billion. “The uncertainty has now dialled down and we are nearing pre-pandemic levels of operations. The region now has a stable operating environment,” Equity Group Managing Director James Mwangi said Thursday. “We are inspired by estimates and projections, especially for Kenya where…