Safaricom’s Mpesa for Business Safaricom is the largest telecommunications company in Eastern Africa. It provides voice and data services but the company is most known for Mpesa, a mobile money transfer service. It’s the most developed mobile-phone-based financial service in Africa with over 37 million active customers operating across 7 countries. These include the Democratic Republic of Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique, and...
Today we highlight some amazing corporate success stories. Companies that embraced excellence, innovation and a go-getter spirit. As a result, they have risen to the top to be listed on the NSE Kenya. This culture of resilience and excellence has helped them overcome the many challenges every business faces in its journey to achieving their corporate visions. Nairobi Securities Exchange (NSE Kenya)–A story of evolution 1954-1999 1954:The...
When I got started in stock trading, the learning curve was steep. Among the many concepts I had to learn, stock market capitalization, risk management, and others were high on the list. When I look back many of these concepts seem simple now, but as a novice trader/investor it’s easy to get overwhelmed. All the same, with time and commitment you can master any topic or skill. So what is market capitalization? Investopedia defines it as the...
The financial crisis of 2007/2008 shook the world to its core as it resulted in more than $10 trillion in lost wealth in the U.S. alone! In the following years, the U.S. economy slowly emerged out of the worst of the crisis and money started pouring back into financial markets. The race to the top was back. A lot of money has been made, however, some huge losses have been recorded too. Here is a list of some of the worst financial market losses...