FinanceKenya

news,stocks,mmfs,bonds,crypto updates

[FinanceKenya @SmartFinanceKE]

NAIROBI TRAFFIC SURVIVAL GUIDE:
With KURA partially shutting down the Valley Rd / Kenyatta Ave / Jakaya Kikwete Rd intersection from this Friday (12th June) until Feb 2027, your usual routes are getting a massive shakeup.
Here is your definitive alternative route breakdown:

[FinanceKenya @SmartFinanceKE]

President William Ruto has re-assigned two PSs:

PS Amb. Prof. Julius Bitok — moved from Basic Education to Tourism.

PS John Lekakeny Ololtuaa — moved from Tourism to Basic Education.

[FinanceKenya @SmartFinanceKE]

Jakaya Kikwete Road is the road that was formerly known as Dennis Pritt Road (specifically the section that intersects with Kenyatta Avenue/Valley Road).
It is the key arterial road that runs past State House and the CID Headquarters / Integrity Centre (EACC), coming down from the Kilimani/Milimani area and plugging directly into the Kenyatta Avenue / Valley Road junction right by the NSSF Building and Panafric Hotel

[FinanceKenya @SmartFinanceKE]

Tanzania is seeking more than $2 billion in Russian investment and business deals over the next three to five years as it deepens ties with Moscow following a disputed election that drew criticism from the United States, the European Union, Britain, Canada, Norway and the African Union.

[FinanceKenya @SmartFinanceKE]

Fixed-income investors are dumping long-term bonds for Treasury bills, betting on rising interest rates in Kenya.
With the 91-day T-bill heavily oversubscribed, the CBK faces a tough choice to meet its Sh995.7B domestic borrowing target.

[FinanceKenya @SmartFinanceKE]

With this 8-month project kicking off Friday, update your route planners Google Maps early.
Keep it locked here for more updates on infrastructural developments and transport adjustments across the city.

[FinanceKenya @SmartFinanceKE]

NAIROBI TRAFFIC SURVIVAL GUIDE:
With KURA partially shutting down the Valley Rd / Kenyatta Ave / Jakaya Kikwete Rd intersection from this Friday (12th June) until Feb 2027, your usual routes are getting a massive shakeup.
Here is your definitive alternative route breakdown:

[FinanceKenya @SmartFinanceKE]

ROUTE 3: Heading Towards State House / Dennis Pritt
For those trying to cut across the upper side of the junction, State House Road remains your primary corridor. It is accessible for vehicles bypassing the main Kenyatta Ave gridlock, allowing you to connect to the top of Valley Road or loop back down to Nyerere Road.

[FinanceKenya @SmartFinanceKE]

@moneyacademyKE Stanbic Bank says Safaricom Plc’s experience in entering Ethiopia through greenfield operations is a testament that whereas this route may be fraught with challenges, it is likely to yield dividends when perceived through a long-term horizon.

[FinanceKenya @SmartFinanceKE]

Kenya Power to shut all physical payment counters by June 2027, transitioning to 100% digital channels after a 70% drop in banking hall traffic.

While the move risks 1,500+ customer-facing jobs, the utility aims to cut costs & boost efficiency.

[FinanceKenya @SmartFinanceKE]

Token purchases, bill queries, digital receipts, submitting meter self-readings, and reporting outages will be handled exclusively via mobile and web platforms.
Kenya Power is accelerating its deployment of smart meters and integrating Optical Character Recognition (OCR) systems to automate billing and minimize estimated-reading disputes.

[FinanceKenya @SmartFinanceKE]

Uber is seeking a National Courier Operator licence in Kenya to expand into parcel delivery. Leveraging its existing driver network, the move directly challenges state-backed Posta amidst a booming e-commerce market and rising ride-hailing competition.

[FinanceKenya @SmartFinanceKE]

Amazon will build its first African satellite ground station in Kenya to offer faster internet and mobile phone services.
The tech giant applied for a 15-year license to build its 1st African satellite ground station, taking on Starlink's dominance with direct-to-device LEO internet. Faster speeds are coming.

[FinanceKenya @SmartFinanceKE]

Kenya's Court of Appeal clears non-existent Spanish firm Instalaciones Inabensa to pursue Sh10B from Ketraco accounts. The AG warns Kenya risks paying Sh30B as 3 separate entities claim the same debt after the firm's bankruptcy.

[FinanceKenya @SmartFinanceKE]

By playing ads from Safaricom, Tusker, and Equity Bank, Bharat reminded shareholders of the agency's golden era.
The battle for Scangroup’s soul is officially out in the open.

[FinanceKenya @SmartFinanceKE]

Today’s 20th WPP Scangroup AGM wasn’t a standard corporate meeting, it was high-stakes corporate theater.
Here is the breakdown, a thread:

[FinanceKenya @SmartFinanceKE]

To execute this turnaround, Bharat proposed an alternate Board Slate consisting of:
• Bharat Thakrar (noting he was cleared by the CMA)
• Andrew White (EA's most awarded Creative Director) • Adam Ogola (8M shares)
• Kunal Bid (5M shares)
• Rishab Thakrar