Tag: Genghis Capital
Kenya’s total tax receipts in the first month of the financial year fell by 12 per cent, reflecting an environment of depressed economic activity. Kenya Revenue Authority collected about $876 million in taxes in July compared with about $995 million a year earlier, the lowest receipts since 2017. Churchill Ogutu, Head of Research at Genghis Capital spoke to CNBC Africa for more.
In what feels like a race against time, Kenya parliament's budgets appropriations committee approved the third supplementary budget on Friday for the financial year ending tomorrow, why so late and what are the implications of the latest changes? Churchill Ogutu, Head of Research at Genghis Capital joins CNBC Africa for more.
Safaricom's M-pesa revenues are expected to take a hit to 13.3 year-on-year from 18.20 per cent that was reported in the first half of 2019 according to a report by Genghis Capital, now the decline has been attributed to the performance of the betting industry which accounts for about 7 per cent of M-pesa revenues. For more on this, Research Analyst from Genghis Capital, Patrick Mumu joins CNBC Africa for more.
The Kenya Capital Markets Authority suspended dealing in oil marketer KenolKobil’s shares on the Nairobi bourse for 12 trading days following a conclusion of a takeover offer on Monday. Joy D'Souza, Head of Research at Genghis Capital joins CNBC Africa from Nairobi for more on the deal amid insider trading.
Bonds turnover flat in the first 9 months at the Kenyan bourse
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