Author: Muindi

MTN Rwandacell PLC (MTN Rwanda), a subsidiary of MTN Group, announced a 7.5% increase in total subscribers to 7.5 million during the first half of 2024. However, its financial performance was impacted by various factors, leading to a significant 307.1% decline in profit after tax to a loss of Rwf10.5 billion. A primary contributor to the profit decline was a 29% decrease in Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) to Rwf39 billion. This decline was attributed to increased depreciation on tower leases resulting from the expansion of the network with 87 new sites. Additionally, the depreciation of the…

Losing money in trading can be a harsh and demoralizing experience. However, it is a part of the journey that every trader, whether novice or experienced, will encounter at some point. What separates successful traders from those who give up is how they respond to these setbacks. Understanding the importance of trading psychology and having a clear action plan are crucial steps in bouncing back stronger and wiser. In this guide, we shall explore practical steps you can take after a loss, focusing on maintaining a positive mindset, learning from your mistakes, and setting yourself up for future success. Acknowledge…

Agriculture and Food Authority (AFA) recommends suspending sugar imports to address oversupply. The Kenyan government is planning to export surplus sugar as local production has outpaced consumption. According to the AFA, sugar production has surged to 84,000 metric tonnes per month, exceeding domestic consumption of 80,000 metric tonnes. This oversupply has led to a significant drop in ex-factory sugar prices, from KSh9,000 to KSh5,200 per tonne in the past year. Consequently, sugarcane prices have also plummeted, impacting farmers’ incomes. The director of the Sugar Directorate Jude Chesire released a new cane price of KSh4,950 per tonne for August, down from…

Safaricom has achieved a significant milestone in its 5G network expansion, surpassing 1,000 sites and reaching all 47 counties in Kenya. The network now covers 102 towns and 14% of the population. This rapid growth positions Safaricom as a leader in 5G deployment in the country. The expanded network caters to a growing demand for high-speed internet. Safaricom currently serves over 11,000 enterprise customers and 780,000 active 5G smartphone users on its 5G network. “Safaricom remains committed to leading Kenya’s digital transformation,” said Peter Ndegwa, CEO of Safaricom PLC. “We believe 5G will be a key catalyst for innovation across…

The Energy and Petroleum Regulatory Authority (EPRA) has maintained fuel prices for the period August 15 to September 14, 2024. Super petrol will continue to retail at Ksh188.84, diesel at Ksh171.60, and kerosene at Ksh161.75 per litre in Nairobi. These prices will vary slightly across different regions. While the overall inflation rate has eased to 4.3% in July from 4.6% in June due to lower fuel and electricity costs, EPRA opted to keep fuel prices unchanged. Despite a slight decrease in the landed cost of super petrol, increases in diesel and kerosene prices did not warrant a price adjustment. “In…

MultiChoice Talent Factory (MTF) seeks talented individuals to join its 2025 academy. Aspiring filmmakers, scriptwriters, producers, and storytellers across Africa are encouraged to apply for this fully funded program. The application deadline is September 15, 2024. MTF is committed to nurturing and developing the next generation of African storytellers. The program offers a comprehensive curriculum, mentorship from industry experts, and opportunities for practical experience. Upon graduation, top-performing students will receive further training, internships, and the chance to showcase their work on MultiChoice platforms. Through MTF, MultiChoice aims to discover and support African talent, telling authentic stories that resonate with global…