Safaricom #ticker:SCOM repeatedly set the prices of its promotions lower than the actual costs of the calling services, harming competitors, its rival Airtel has claimed. The alleged sustained cutting of prices below that of competitors and below actual costs of services made it hard for Airtel to operate profitably and constituted anti-competitive behaviour, Airtel says. […]
London — Broadcasters and streamers – particularly international streamers – are now looking at the thriller genre in Africa for new acquisitions and licensing deals. Russell Southwood spoke to Benjamin Cowley, CEO, Gravel Road about an unusual Ghanaian film from the genre called Gold Coast Lounge. Gold Coast Lounge is being represented by Gravel Road […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
Nairobi — Safaricom is planning to pilot an IoT (Internet of Things) powered smart vehicle tracking system which provides insights into journey duration, vehicle speed, route information, fuel consumption, and driver behavior. The Telematics solution integrates with the vehicle’s onboard computer, collects information on several parameters that are accumulated and recorded at the end and […]
China’s digital yuan may be the largest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead McGuinness announced Feb. 9 plans to introduce a bill creating a digital euro next year, according to Politico. Based on current experiments, that means an EU CBDC could launch as […]
A court in South Africa has ordered Vodacom to pay the ‘Please Call Me’ inventor five per cent of the total voice revenue generated by the product in the past 20 years. The ruling delivered by Gauteng High Court found that the telecommunication giant which owns a 35 per cent stake in Safaricom Plc shortchanged […]
The proposed Central bank digital currency (CBDC) will help bring down the transaction fees currently charged on digital payments in what could make it the biggest competitor to Kenya’s mobile money sector. The banking regulator says the virtual currency that will be exchangeable on a one-to-one basis with physical cash would work in a similar […]
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
There is a small group of African ISPs that are doing the ‘heavy lifting’ of addressing lower income customers. poa! Internet is one of them and it has just raised US$28 million to increase its scale. Russell Southwood spoke to CEO Andy Halsall about what the company has planned and the current state of the […]
London — There is a small group of African ISPs that are doing the ‘heavy lifting’ of addressing lower income customers. poa! Internet is one of them and it has just raised US$28 million to increase its scale. Russell Southwood spoke to CEO Andy Halsall about what the company has planned and the current state […]
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