Representative Image Image Credit: Twitter (@mtnug) MTN Uganda reported on Monday a 6.6% jump in pre-tax profit for 2021, compared with the previous period, helped by higher data sales and faster uptake of its fintech services. The company said it earned 490.9 billion Ugandan shillings ($136.93 million) in 2021. MTN Uganda attributed the profit growth […]
Category: Nairobi Stock Exchange
Safaricom to reward customers as M-Pesa celebrates 15 years
M-Pesa is celebrating 15 years since Safaricom and Vodafone launched the service in Kenya in March 2007. The platform has now expanded to more countries across Africa including Tanzania, Mozambique, the DRC, Lesotho, Egypt, and Ghana. Safaricom says M-Pesa currently serves more than 51 Million customers, close to half a million businesses, with over 600,000 […]
Kenya Power wants to diversify by selling high speed internet; can it compete effectively with Safaricom, Wananchi, others?
Kenya Power wants to start selling high speed internet Kenya Power is set to unveil a package that will make it possible for its biggest corporate clients to buy electricity and high speed internet as a bundle. The move will enable the company to further diversify its business model and generate more revenue in the […]
Airtel Kenya also collecting facial data in new re-registration drive
About a month ago, I wrote an article on Safaricom collecting facial data in a re-registration drive they said was in line with the Communication Authority of Kenya’s(CA) guidelines. Well, it now seems Airtel Kenya is also doing the same. However, as you’ll see – unlike Safaricom who specifically mentioned “facial recognition” in their response […]
Kenya Airways Is Optimistic About Its 2022 Revenues
With many countries beginning to ease their travel restrictions, airlines are eyeing 2022 as a year for recovery. Kenya Airways is once such carrier, with the Nairobi-based operator projecting a notable rise in passenger revenues this year. The airline is hoping for a busy summer despite the uncertainty of an upcoming election. Revenues up by […]
Kenya Airways reviews route network amid recovery efforts
NAIROBI, March 7 (Xinhua) — Kenya Airways said Monday it plans a route network review program that will affect a few of the routes in its network. The national carrier said the network review is routine and is informed by the return to air travel as the aviation industry recovers from the COVID-19 pandemic. "The […]
Intensive Crohn’s Treatment is Safe
Intensive treatment for patients with Crohn’s disease showed no safety differences compared to the current standard of care, according to a trial published in the journal Gastroenterology . The findings offer some additional flexibility for treating patients with Crohn’s disease, according to Stephen Hanauer, MD , the Clifford Joseph Barborka Professor of Medicine in the […]
Centum appoints Risper Alaro as Group Finance Director
Risper Alaro appointed as Group Finance Director at Centum [Courtesy] Centum Investment Company PLC has appointed Risper Alaro as the Group Finance Director effective March 15, 2022. Alaro, who was on a three-year sabbatical leave, previously served Centum in various leadership capacities for a period of 18 years. She established Centum Business Solutions Ltd and […]
Mumias: Why Treasury and receiver are uneasy with Rai group
Jaswant Rai before the National Assembly Committee on Implementation, 2018. Scepticism is growing about the true intentions of billionaire Jaswant Rai’s bid for the takeover of the assets of Mumias Sugar Company. Those opposed to Jaswant’s takeover, including the National Treasury and KCB-appointed receiver-manager Pongangipalli Rao see him as a wolf in sheep’s clothing. They […]
Centum appoints Risper Alaro as finance director
Centum Plc #ticker:CTUM has appointed the former managing director of one of its subsidiaries, Risper Alaro, as the group finance director effective March 15. Ms Alaro worked in Centum for 18 years in various capacities, including the director of finance and operations and MD of Centum Business Solutions, returning now for a new role since […]