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The government has published fresh rules restricting advertisement hours by betting firms in a signal of yet another tough ride for sector players this year after a tumultuous 2019. The Betting Licensing and Control Board (BLCB) has pushed all TV betting adverts to the hours between 8pm and 6am duringContinue Reading

The mobile telephony market is close to maturity, with nearly all potential customers signed up to the country’s telecoms operators, according to the Communications Authority (CA). The finding means that the industry will rely more on increased usage of voice, messaging and data services from existing customers for earnings growthContinue Reading

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The shareholder deficit at Nakumatt Holdings widened to Sh27.6 billion in the year ended February, making compensation of creditors less likely. In the prior year, the retailer’s liabilities surpassed its assets by Sh21 billion, according to a report on the company’s financial position prepared by audit firm Parker Randall EasternContinue Reading

So, what do the August 2017 presidential elections, the near-collapse of Kenya Airways (KQ), the circus of the hoods at Kenya Revenue Authority in July 2019, the infamous IFMIS scandals the structural collapse of private and public schools, among other mega scandals have in common? They exemplify operational risk eventsContinue Reading

Citigroup and ICBC Standard Bank Plc have in the past three months sold debt instruments worth Sh1.5 billion to international investors based on Kenyan government bonds. The global banks purchased debt of the same value issued by Kenya and repackaged them for investors in transactions aimed at protecting the companiesContinue Reading

Telkom Kenya has seen its subscriber numbers drop by 676,389 or 16 percent in the three months ended September, making it the only telco to register a reduced customer base. Data from the Communications Authority (CA) shows that the company’s mobile subscriptions stood at 3.5 million in the review period,Continue Reading

The year saw Kenya’s banking sector record several mergers and acquisitions and more are predicted in the next two years as capital raising options diminish for smaller struggling lenders. Nigeria’s largest retail lender, Access Bank Plc, acquired Kenya’s Transnational Bank associated with retired President Daniel arap Moi. The bank’s profitsContinue Reading

Airtel Kenya subscribers speak nearly three times more on their mobile phones than Safaricom users on the back of the telecom operator’s cheaper call tariffs. The Communications Authority of Kenya (CA) says that on average Airtel users calls last 3.30 minutes within network traffic compared to Safaricom’s 1.3 and 1.9Continue Reading