Uganda: Umeme Engineers Arrested Over Theft of Electric Wires, Cables

Uganda: Umeme Engineers Arrested Over Theft of Electric Wires, Cables

Three workers of power distributing company, UMEME have been arrested after being found in possession of assortments of electric wires and cables. The arrests follow intensified operations by the Directorate of Criminal Investigations against acts of sabotage, vandalism and theft of electric wires and cables, with successful raids at two locations in Namugongo and Katwe. […]

KPLC: How Conmen Are Creating Frequent Blackouts to Steal From Kenyans

KPLC: How Conmen Are Creating Frequent Blackouts to Steal From Kenyans

Kenya Power staff working on electricity lines at Soysambu Conservancy on February 22, 2021 Kenya Power, formerly Kenya Power and Lighting Company (KPLC) , has cautioned Kenyans against conmen who are creating frequent blackouts to scam unsuspecting customers. In a statement dated Tuesday, April 5, the power distributor revealed that the swindlers often created a […]

IMF Reaches Staff Level Agreement on the Third Review of the Extended Fund Facility and Extended Credit Facility for Kenya

IMF Reaches Staff Level Agreement on the Third Review of the Extended Fund Facility and Extended Credit Facility for Kenya

Download logo IMF staff and the Kenyan authorities have reached a staff-level agreement on economic policies to conclude the third reviews of the 38-month EFF/ECF financed program. Kenya would have access to about US$244 million in financing once the review is formally completed by the IMF Executive Board. The economic rebound is underway although global […]

Listing dry-spell at NSE persists, both local and foreign

Listing dry-spell at NSE persists, both local and foreign

•The low activities especially in the stocks market are not just in Kenya. •NSE chief executive Geoffrey Odundo urged some of companies that have been orienting with the bourse under Ibuka programme to take advantage of the incentives provided. NSE chief executive Geoffrey Odundo The ongoing volatility in the global market has further complicated the […]

Telkom, Airtel eye revenue jump from Safaricom mobile money

Telkom, Airtel eye revenue jump from Safaricom mobile money

Telkom Kenya CEO, Mugo Kibati with his Airtel Kenya counterpart Prasanta Das Sarma when they appeared before the Senate ICT Committee. Telkom Kenya and Airtel Kenya are eying an increase in revenue after the country’s leading mobile network operators launched merchant interoperability on their mobile money wallets. The move allows customers from any mobile money […]

Safaricom Ethiopia ‘close’ to network deal with Ethio Telecom

Safaricom Ethiopia ‘close’ to network deal with Ethio Telecom

The incumbent operator, 100% state owned, says it has “conducted a productive meeting” (pictured) with Safaricom Ethiopia together with the regulator, the Ethiopian Communications Authority (ECA). Last night Ethio Telecom said it has “successfully concluded our multi-round negotiations on infrastructure sharing and interconnection” and said: “The two companies will sign [an] agreement soon.” In an […]