Stockbrokers war with CMA stalls Nairobi bourse sale
The planned sale of Nairobi Securities Exchange (NSE) to the public has suffered a serious setback in the wake of a protracted war between the market regulator and stockbrokers. The war, which insiders say may delay the planned share sale indefinitely, has its roots in the Capital Markets Authority’s (CMA) quest to reduce the fee charged on new brokers to Sh10 million from a high of between Sh150 million and 250 million. That would translate to increased competition for mediation services in the market to the detriment of the current brokers.
The NSE is currently owned by a club of stockbrokers who are determined to keep competitors out of the market for the longest time possible. The bourse owners prefer the creation and auctioning of any new seats in the market’s board -- having sold one such seat for Sh250 million six years ago.
The growing rift between the brokers and the regulator has slowed down the NSE’s planned initi
GOtv Kenya signs Xmas partnership to reward K24 viewers with 3 decoders per day.
Leading mass market pay television brand, GOtv and leading broadcaster, Mediamax Group have today launched a Digital Migration Christmas promotion in a bid to ensure Kenyans enjoy a smooth transition, 9 days before the planned Nairobi Analogue Switch-Off .
Signing the Xmas Promo Partnership
Announcing the deal earlier today, Mediamax Group Executive Director, Granton Samboja said K24 viewers stand a chance to win 3 decoders daily as the broadcaster takes a lead to enhance the understanding of the impending signal switch-off to their listeners and viewers.
“We shall carry out a simple trivia question regarding digital migration daily and the answer should be sent to the K24 short code 20001 starting with the word "Digital", revealed Mr Samboja.
All winners shall be directly notified the following day. Listeners are also encouraged to tune in to Mediamax radio subsidiaries
Family Bank steps out with a new PesaMOB Virtual Bank
Local commercial banking services provider, Family Bank, has announced the launch of a robust mobile phone based virtual bank, dubbed PESAMOB.
The new PESAMOB virtual bank geared at deepening financial services access by easing account opening and operation processes will run on Family Bank’s PesaPap! platform.
Prof Njuguna Ndung'u,Governor,Central Bank of Kenya (Red Tie) is taken through the newly
launched PesaMOB platform by Family Bank MD, Mr.Peter Munyiri as Prof. Kabiru Kinyanjui,Vice Chairman,Family Bank looks on.
Primarily targeting to foster financial inclusivity to more than 3million Small and Medium traders alongside unbanked mobile subscribers, the new PESAMOB virtual bank is expected to revolutionalise the local banking sector by bridging conventional banking barriers.
Speaking during the launch of PESAMOB, Family Bank Chief Executive Officer Peter Munyiri, said the Virtual Bank,
Airtel partners with DSTV Mobile to enable customers access the new DSTV Mobile Drifta
Airtel Kenya and DStv Mobile have today entered into a partnership that will make Airtel subscribers experience the best in television entertainment, from movies to sports with the accessibility of DSTV mobile through their Mobile phone in the network using Drifta mobile decorder for Android after purchasing an Airtel Post paid simcard.
Through this partnership, a customer who purchases an Airtel post-paid line will get a DStv Drifta free of charge. Airtel customers will not only get the chance to get their hands on the trendiest mobile device, but will also get to enjoy up to 16 Channels with 3 months free subscription.
Speaking at the event, Mr. Shivan Bhargava, Managing Director of Airtel said, “We are delighted to enter into this revolutionary partnership with DStv Mobile. This goes hand-in-hand with Airtel’s continued commitment to provide relevant and afford