Despite the current economic slowdown, the value of mobile money transactions increased marginally in the first half of 2020 compared to the same period in 2019. READ MORE..

Reuters reports that Huawei’s big move was brought about by robust sales in its home market, China.

The company’s sales fell 5% from the same quarter a year earlier, while Samsung posted a 30% drop due to weak demand in key markets, including Brazil, the United States, and Europe.

The benchmark NSE 20 share index shed off 6.43 points to close at a multi-year low of 1797.67. According to data from the Finacial Times, the NSE 20 Share Index is at levels last seen in 2003. Over the last 12 months, the index has shed more than 30%.

Safaricom was trading at an average of Ksh 26.85 closing the day with a 4.62% share price depreciation. Safaricom saw a 93.7% foreign investor participation. Safaricom books closure was on 31st July with shareholders expecting to receive a dividend of Ksh 1.40 on 30th August.