Telkom Kenya has revealed that it pays over half of its revenues to Safaricom #ticker:SCOM and rival operators as costs for handling its calls, condemning the firm to a loss-making territory. The firm says it has been unable to compete due to the current mobile termination rates (MTR) and fixed voice termination rates (FTRs) — […]
The world is rapidly evolving as concerns grow over data privacy. Over 40 years ago, it was a status symbol to have a fixed-line phone or your name and number published in a telephone directory. Today, it is more about privacy. If someone calls on your mobile, you will ask how he or she got […]
Kenya Airways Boeing 787-8 The Kenyan Government has tasked Seabury Consulting, part of Accenture, to help Kenya Airways (KQ, Nairobi Jomo Kenyatta ) evaluate options to restructure its debt. The retention of an international aviation consultant to prepare an in-depth financial assessment of Kenya Airways was highlighted as essential for the country’s state-owned enterprises (SOE) […]
Bamburi Cement factory [Courtesy] Bamburi Cement has signed a power purchase agreement (PPA) with independent power producer Momnai Energy Ltd to set up two solar plants adjacent to the company’s Mombasa factory and Nairobi grinding plant. The project, which aims to save on power costs as well as contribute to reducing carbon emissions by switching […]
WPP Scangroup’s MediaCom has launched SpotLift, a TV attribution tool, to measure the impact of TV advertising in line with outcomes. The launch is in response to a growing need from clients for a better quality of data and insights around TV media buying. SpotLift works by isolating the usual website traffic to determine the […]
Nairobi — AstraZeneca pharmaceutical company has been named the top employer in Kenya under the pharmaceuticals category by the Top Employers institute alongside Novartis, a world leader in the research and development of products. The firm which is certified in fourteen countries is a British-Swedish multinational pharmaceutical and biotechnology company whose prominence rose with the […]
National Treasury CS Ukur Yatani during a past press conference The National Treasury will borrow Sh70 billion more to bail out ailing parastatals , including Kenya Airways and Kenya Power. In his first supplementary budget for the current financial year ending June, National Treasury Cabinet Secretary Ukur Yatani revised the overall fiscal deficit – the […]
Credit: Adobe Stock AMERSFOORT, NETHERLANDS —Nutreco, a Netherlands-based animal nutrition company, announced on Feb. 1 that it has received regulatory approval for its partnership with Unga Group PLC, to form two joint ventures that will help meet the growing demand for high-quality protein in the East Africa region. The partnership involves open-ended, Nutreco-managed joint ventures […]
Human and animal feed processor Unga Group #ticker:UNGA did not pay management service fees to US conglomerate Seaboard Corporation in the year ended June 2021 as it started recovering previous overpayments to the multinational. The company’s latest annual report shows that Seaboard did not earn the fees in the review period, having received more than […]
In a ruling made on Tuesday evening, the judge said interim orders will stay in place until March 14, when the matter comes up for hearing/FILE NAIROBI, Kenya, Jan 26 – The High Court has extended orders barring Ugandan company, Sarrai Group, from taking over operations of Mumias Sugar Company pending the determination of the […]
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