When it comes to attractiveness for startups, Lagos leads the ranking of African cities according to data by StartupBlink. The Nigerian capital managed to outperform its direct competitors Nairobi, Cape Town and Johannesburg in 2021, a trend that is likely to continue. These scores are the exception rather than the norm though. As our chart […]
Kenya’s telecom market continues to undergo considerable changes in the wake of increased competition, improved international connectivity, and rapid developments in the mobile market. The country is directly connected to a number of submarine cables, and with Mombasa as a landing point for LIT’s newly completed East and West Africa terrestrial network, the country serves […]
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet connectivity across the continent. A proposal by Poa Internet , a Kenyan startup, beat 673 others from across the world as […]
Safaricom is deploying a new prefabricated data center in the Ethiopian capital Addis Ababa, as the telco begins to launch operations in the country. Anwar Soussa, managing director of Safaricom Ethiopia, said late last month the company’s first data center has arrived in Addis and the company is working on its network rollout. “At such […]
Safaricom #ticker:SCOM has a huge pricing power in voice services, making it difficult for rivals Airtel Kenya and Telkom Kenya to compete with it, the Communications Authority of Kenya (CA) has said. The regulator made the disclosure in its response to a case filed by Safaricom at the Communications And Multimedia Appeals Tribunal seeking to […]
Kenya has signed a deal with the World Rally Championship (WRC) for the Safari Rally to remain on the WRC calendar until 2026. The deal was signed at the Automobile Club of Monaco by Sports Cabinet Secretary Amina Mohamed and WRC Promoter GmbH Managing Director Jona Siebel. CS Amina also signed several partnerships with the […]
President Uhuru Kenyatta with Ms Chileshe Mpundu Kapwepwe, Secretary General Common Market for Eastern and Southern Africa (COMESA) who called on him at State House. More than 250 Kenyan investors trooped to the Democratic Republic of Congo (DRC) earlier this month for a two-week visit to scout for opportunities, highlighting the country’s new economic diplomacy […]
Equity Group CEO Dr James Mwangi. [Wilberforce Okwiri, Standard] In early 1994, Equity Building Society was teetering on the verge of collapse after being found to be technically insolvent by the Central Bank of Kenya (CBK) . Between 1986 and 1993, Equity grew savings by only Sh2 million and loans and advances increased by Sh5 […]
Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market. The continent’s largest airline is considering an order for about five Boeing Co. 777 freighters and may also take upcoming Airbus SE A350s, Chief Executive Officer Tewolde GebreMariam said in […]
King Kaka launches own Football Tournament Kenyan musician Kennedy Ombima, alias King Kaka, is one of Kenya’s most successful entertainers thanks to his business acumen. King Kaka began to nurture his entrepreneurial skills while attending high school, at the time managing to pay his own school fees. “ By the time I was in Form […]
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