Author: David Indeje

Consumer inflation across Kenya is expected to rise in March and the coming months due to high fuel prices. The Energy and Petroleum Regulatory Authority (EPRA) on Monday reviewed upwards by Ksh.5 per litre for the price of petrol and diesel. This is the first upwards review since September 2021. EPRA says the average cost of imported super petrol rose by 13.34 percent while diesel imports were up by 11.74 percent. A litre of super petrol will now cost Ksh 134.72 while diesel will cost Ksh 115.60 per litre in Nairobi. Prices are inclusive of the 8 per cent Value…

Kenya Mortgage Refinance Company PLC (KMRC) on Monday listed its Ksh 8.1 billion Corporate Bond on the Nairobi Securities Exchange (NSE).  “The response to our inaugural bond issue demonstrates the market’s confidence in the KMRC’s model and strategy and is a statement to the importance of the Company’s mandate to increase homeownership and transform the country’s housing sector,” KMRC’s CEO Johnstone Oltetia said during the bell ringing. The Company’s first tranche of the Medium-Term Note program was oversubscribed by more than 400 per cent,  worth Ksh 8.114 billion against a target of Ksh 1.4 billion.  The proceeds raised will enable…

Safaricom Home Fibre Plus is a service that allows users to have fast, reliable, and unlimited internet access from the comfort of their homes. Besides its normal home fibre, the telco has the Home Fibre Plus package that combines mobile voice, mobile data, SMS and Home Fibre as well as home insurance all in one. To enjoy the Home Fibre Plus packages, Safaricom Home Fibre customers can dial *400#, select “Manage Your Subscription” and then select the “Home Fibre Plus” option and pick their preferred package. Internet Plus resources  BRONZE Plus SILVER Plus GOLD Plus PLATINUM Plus Internet Package…

Shashwat Harish and Audrey Gachora emerged overall winners in the 3rd leg of the Safaricom Golf Tour held at Muthaiga Golf Club Sunday. The duo participated in the Junior Golf tournament which doubled up as a US Kids Golf local tour event. The duo posted 78 and 77 points to inch titles in a tournament that saw 132 junior golfers take part. “I feel proud to be the best girl in this junior tournament held here today. The course was challenging but I am happy I was able to win. I am looking forward to continue with my training and…

Safaricom has signed a 5-year deal to use Ethiopian Electric Power’s (EEP) dark fibre to provide telecommunications services. Valued at over KSh1.6 billion, the deal enables Safaricom to use a network of optical ground wire (OPGW) cables along the high voltage transmission lines owned by state-controlled Ethiopian Electric Power (EEP). “Such infrastructure sharing agreements will enable us to fulfil our commitment to transform Ethiopian lives for a digital future and contributes to efforts being made to the phased operation launch,” Safaricom Ethiopia CEO Anwar Soussa said. .@AnwarSoussa “Such infrastructure sharing agreements will enable us to fulfil our commitment to transform…

Uganda ranks number one in East Africa, with 57 points in the Africa Financial Markets Index 2021. Kenya follows with a score of 47, Tanzania came third with 45, followed by Rwanda with 43 and Ethiopia with 25. The Africa Financial Markets Index evaluates financial market development in 23 countries and highlights economies with the most supportive environment for effective markets.  The index, produced by the Official Monetary and Financial Institutions Forum, is a non-lobbying network for best practices in the worldwide public-private sector exchanges.  In its fifth year, the index has introduced new indicators, the availability of sustainable finance…