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More than 144,000 homes countrywide now within reach of Safaricom’s Fibre to the Home service  Safaricom (NSE: SCOM) has today connected Ngummo estate to its Fibre to the Home service in Nairobi County. The move will benefit more than 1,200 homes in Ngummo and Newa estates and brings the number of homes within reach of the service to more than 144,000...
A bag of charcoal is currently retailing at Sh2,500 from an average of Sh1,500 three weeks ago, following the three-month suspension on logging in all forests. A four-kilogramme tin of charcoal that is mostly used to sell the commodity to low-income households is now priced at an average of Sh120, from Sh70 a month ago. Charcoal prices have more than doubled...
Gor Mahia Youth FC (Boys) from Makadara and Beijing Raiders (Girls) from Starehe are the Champs of Nairobi region in the Ongoing Chapa Dimba Na Safaricom Youth Tournament.   Kogalo edged out Slum Dwellers from Westlands scoring 3:0 in the boys finals for Nairobi region held today at Stima Club Grounds, Nairobi.   Beijing Raiders also triumphed after putting up skilled match against...
Safaricom listed among 10 case studies of companies around the world offering various childcare options Companies that offer childcare benefits for their employees stand to benefit from improved recruitment, retention, and productivity of workers, according to a report by IFC, a member of the World Bank Group.  The report titled Tackling Childcare: The Business Case for Employer-Supported Childcare discusses how companies can...
Pressures brought about by an unbearably high cost of living have forced thousands of employees to resort to alternative methods of making a livelihood, including moonlighting. While people have traditionally resigned from their jobs to join other companies, a significant number of them do so to start their own businesses. But losing one’s hard-earned money in an unsuccessful venture is always...
Persuading China’s Iron and Steel Association to do their business in Africa neatly blends environmental concerns with the government’s geopolitical motives to push investment in Africa In 2015, The economist published “It’s a STEEL!” analyzing Chinese strategy of their over-production of steel. There may be reason to be suspicious of Chinese steelmakers' motives. To some, it looks as if China simply...
Kakamega’s Bukhungu stadium will play host to the finals of the Chapa Dimba Na Safaricom youth tournament to be held from the 22nd to the 25th of March. The champions from each region will battle for a  chance to win Ksh 1 million and the opportunity to go for a  training camp in London in April 2018. “The tournament is a...
The local Sanlam Group affiliate has welcomed the completion of a US $1billion corporate acquisition of the North Africa headquartered insurance firm, Saham Finances. The acquisition, subject to regulatory approvals announced last week and billed as the single largest insurance firm transaction in Africa, will not affect Sanlam Kenya’s local operations and will only serve to enhance the firm’s service...
Safaricom (NSE:  SCOM) has today launched a new customer reward campaign dubbed Lipa Na M-PESA Cash Back Promotion. The promotion is part of the company’s strategic intent to bolster the usage of the Lipa Na M-PESA for retail purchases. The promotion, which will run for the next two months, will see customers who meet their weekly target receive monetary amounts ranging...
Barclays Bank of Kenya has launched a new mobile loans service dubbed Timiza, increasing the competition in the lucrative micro lending segment. Timiza is entering a crowded field of commercial bank-backed lending apps such as M-Shwari, Equitel, M-Co-op Cash, and KCB M-Pesa. The lender said customers can access micro loans of between Sh100 and Sh150,000 from the platform at interest rates...
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