The newly rebranded bank has also kicked off trading activities at the NSE under the new name, following a go ahead by the Capital Markets Authority.
In a public announcement released by the company, the firm noted that it had obtained all the requisite shareholder and regulatory approvals about the brand and name change.
(a) The Commission on Revenue Allocation;
(b) County Governments;
(c) Controller of Budget;
(d) The Parliamentary Service Commission;
(e) The Judicial Service Commission;
(f) The Public; and
(g) Any other interested persons or groups.
Today, an eight-acre plot in Nairobi costs between Ksh 650,000 and Ksh 1.5 million. The jogoo road has since been tarmacked . Better still, the area is accessible from thika rd, Nairobi, and eastern by-pass. These factors are the reasons behind the appreciation of land prices in umoja.
Companies and individuals will start paying new taxes at the start of a financial year every July 1 if lawmakers adopt a proposed law that seeks an earlier approval of the Finance Bill to cure delays in collection of duty that has in the past hurt revenue collection targets.
Safaricom will this year launch Kenya’s first fifth-generation (5G) mobile internet services targeting major urban centres, making it the inaugural operator to offer commercial and superfast services in the region.
Acting CEO Michael Joseph said the firm had completed testing and trials for the upgraded network as the company seeks to capitalise on burgeoning mobile Internet use in the country.
Safaricom - Kenya’s largest telecoms company - saw web data revenue grow fourfold over the five years to Sh38 billion, surpassing sales growth from voice business.
This was revealed when the Turkey Ambassador to Kenya, H.E. Ahmet Cemil Miroglu paid a courtesy call on the UoN Vice Chancellor, Prof. Stephen Kiama on Wednesday February 12, 2020.
H.E. Ahmet Cemil expressed his interest in increasing cooperation between the Turkey and Kenyan institutions of Higher Learning that will enhance faculty exchange. He noted that since the yearly scholarships started being offered in 2012 only 208 Kenyan students have benefited so far and only 15 from the University of Nairobi.
Date Currency Mean Buy Sell
12/02/2020 AE DIRHAM 27.3951 27.3653 27.4250
12/02/2020 KES / TSHS 22.9563 22.8838 23.0288
12/02/2020 CHINESE YUAN 14.4095 14.3926 14.4264
12/02/2020 NOR KRONER 10.8888 10.8756 10.9020
12/02/2020 SINGAPORE DOL 72.4583 72.3733 72.5434
12/02/2020 HONGKONG DOL 12.9585 12.9456 12.9714
According to the Central Bank of Kenya, commercial banks quoted the shilling against the dollar at an average of 100.57 yesterday, a slight decrease from a closing average of 100.55 recorded last Friday .
The shilling has been strengthening against the green buck since the beginning of the year. On January 1, the shilling traded at 100.74 against the US currency after trading above 100 margin in 2019.
Barclays on Monday advised its customers to be alert against fraudsters as it completed its legal name change to Absa Bank Kenya.
The bank formally rebranded into the warm red Absa colours Monday, bidding farewell to the blue eagle emblem that has defined it for about 104 years.
The name change comes almost three years after Britain’s Barclays sold most of its controlling stake in Absa, South Africa’s third-largest lender, ending more than a century of the British bank’s involvement in Africa to focus on its home market and the United States.
The late President Daniel Toroitich Arap Moi served as the longest Chancellor of the University of Nairobi between 1978 – 2002. The University fraternity will
forever be grateful to him for expanding the higher education infrastructure to meet the growing demand for University education in Kenya.
May the Almighty God rest his soul in Eternal Peace.
