Safaricom headquarters in Nairobi. [Jenipher Wachie, Standard] Safaricom has taken employees back to Ethiopia to step up preparations for the commercial launch of its operations on the back of easing tensions. The telco, which in November last year evacuated its employees from the Horn of Africa country due to armed conflict and civil unrest, now […]
Category: Nairobi Stock Exchange
SAFARICOM : GOLF TOUR HEADS TO MUTHAIGA GOLF CLUB
The third leg of the tour to feature as part of the US Kids Golf local tournament. Nairobi, March 10, 2022 … The third leg of the Safaricom Golf Tour will take place at the Muthaiga Golf Club this weekend. The tournament has attracted over 200 amateur and professional golfers who will be taking part […]
Safaricom signs 5-year infrastructure lease agreement with Ethiopian Electric Power
Business Insider Africa gathered that this is Safaricom’s first infrastructure deal in the Horn of African country. The deal will enable Safaricom to share dark fibre optic infrastructure with Ethiopia’s state-owned power utility company — Ethiopian Electric Power. The CEO of Safaricom Ethiopia, Mr Anwar Soussa, has expressed gratitude to the Ethiopian Government for the […]
Kenya Airways Sees Russia’s Invasion Inflating Air Ticket Costs
An Embraer SA 190 passenger aircraft, operated by Kenya Airways Ltd., stands on the tarmac during a reopening ceremony at Jomo Kenyatta International Airport in Nairobi, Kenya, on Wednesday, July 15, 2020. Kenya Airways Plc started a three-month round of job cuts as lawmakers debate a bill to nationalize the carrier and its losses mount […]
Kenya Airways eyes 2025 air taxi launch in UAM diversification
African national flag carrier Kenya Airways says it will continue diversifying its activity and income sources by rolling out air taxi services in 2025 – part of its efforts to develop next-generation urban air mobility (UAM) operations. Kenya Airways CEO Allan Kilavuka said the company plans on testing air taxi flights in 2025, and hopes […]
South African airlines buyout will not affect KQ deal, says Joseph
The takeover of South African Airways (SAA) by a new buyer will not affect the plan to form a Pan-African Airline with Kenya Airways #ticker:KQ . Kenya Airways (KQ) chairman Michael Joseph said Takatso Consortium, which is acquiring a 51 percent stake in the ailing South African carrier, has been involved in all the steps […]
Ethiopia Airlines to buy five Boeing cargo planes
Ethiopian Airlines will purchase five 777-8 freighters after reaching a deal with the US plane maker Boeing as it seeks to ramp up its cargo services. The move is expected to tighten freight competition between the Addis-based carrier and Kenya Airways #ticker:KQ . The Ethiopian carrier has reached a preliminary deal with the Boeing for […]
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 […]
Museveni: Parliament to Amend Law to Lock Umeme Out of Industrial Power Distribution
Museveni meeting Chinese investors at State House, Entebbe on Wednesday President Museveni has said he will engage the Speaker of Parliament to fast-track the amendment of the Umeme Act and ensure that electricity goes directly from generation to the industrial consumer to spur economic growth through industrialization. “Power should go directly from generation to the […]
More than half of Kenya’s entire GDP is now transacted on this African fintech app
Check out Fortune ’s Brainstorm Design Conference, taking place May 23-24 in Brooklyn, N.Y. For more details and to apply to attend, click here . Susan Njeri starts her workday at 4 a.m., leaving her home in Nairobi hours before her three children wake for school. In the pre-dawn glow, she sets up her food […]