(Ecofin Agency) – The legal battle that has pitted Kenya’s telecom regulator against Airtel for the past seven years is being resolved. Both parties have reached an amicable settlement. Airtel Kenya has agreed to pay the $17.6 million demanded by the Communications Authority of Kenya (CA) to renew the company’s telecom license. When its license […]
NAIROBI, Kenya, Feb 22 -The Consumers Federation of Kenya (COFEK) is pushing for the approval of an urgent supplementary budget which will be applied on zero-rating key foodstuffs amid growing public outcry over rising food prices in the country. Kenyans over the past few days have protested the rise in the cost of food, healthcare, […]
Ethiopia’s Prime Minister Abiy Ahmed waits for the arrival of European Commission President Ursula von der Leyen before their meeting in Addis Ababa, Ethiopia December 7, 2019. REUTERS/Tiksa Negeri/File Photo ADDIS ABABA, Feb 22 (Reuters) – Ethiopia plans to open up its banking industry to foreign competition as soon as parliament passes policies permitting it, […]
Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo at the trading floor on February 8, 2022. The bourse is seeking the return of retail investors whose accounts have been dormant the past two years. PHOTO | DIANA NGILA Only 61,000 of the 2.03 million share accounts at the Central Depository Settlement Corporation (CDSC) have participated […]
The platform recorded 20 million users at the end of the fourth quarter, up from 16.3 million in the third quarter, driven by strong demand for an easy-to-use music service coupled with aggressive expansion into new territories in Africa. The company also attributes sustained growth to strong partnerships with telecommunications firms and leading consumer brands […]
(From Left) Paul Njoki – Head of Wealth Management SCB, Edith Chumba – Head Consumer, Private and Business Banking SCB, Mark Mulatya – Chief Operating Officer at Sanlam Investments East Africa Limited and Gaurang Chavda – Head Unit Trust Distribution at Sanlam Investments East Africa Limited take a photo during the launch of the SC […]
Parliament has summoned Postmaster-General Dan Kagwe over the non-remittance of Sh168 million that was collected on behalf of the Business Registration Service. The National Assembly’s Public Accounts Committee (PAC) said Mr Kagwe should explain the whereabouts of 168,776,500 indicated as held by Huduma Centre. The amount relates to prior years revenue collections not remitted and […]
If you have a business in Uganda and still insist on accepting cash, you are missing out a lot. Why? Because the demand for cashless payments is growing in the country. The number of people who would rather have mobile money instead of hard cash is growing. According to the Bank of Uganda, the value […]
Safaricom sponsored Raaji Bharji and his navigator Tauseef Khan receive their award from classic rally clerk of the course Raju Chager during the awarding ceremony of the East African Safari classic Rally/COURTESY NAIROBI, Kenya Feb 21-Safaricom successfully conducted a pilot of their IoT powered smart vehicle tracking system during the 10th edition of East African […]
Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange ( NSE ) have been dormant in the past two years, revealing the apathy among retail investors who entered the market during the 2000s IPO boom. Only 61,000 of the 2.03 million share accounts at the Central Depository and Settlement Corporation […]
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