Safaricom PLC headquarters in Westlands, Nairobi. PHOTO | DENNIS ONSONGO | NMG Safaricom has invited bids for firms to install anti-theft systems and smart electricity meters for Kenya Power’s consumers in a deal aimed at curbing power theft and leakages and fixing weaknesses on the utility firm’s transmission network. The telco has asked firms to […]
Investors can now buy and sell the same company shares several times during a single day taking advantage of small price movements. The Nairobi Securities Exchange (NSE) finally launched day trading on Monday, two years after setting up a system that separates trading and post-trading activities hence allowing for trading positions several times during the […]
The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the telco one of the biggest corporate borrowers alongside other firms such as KenGen, Kenya Airways and Kenya Power. Safaricom noted that it held cash and cash equivalents of Sh26.4 billion in the review period, placing its net debt at Sh50.5 billion. […]
Pensioners have enjoyed the highest returns from investments in four years helped by the big gains on the shares of Safaricom and large banks, which make up the bulk of the pension industry equities investments. Pension funds surveyed by fund administrator Zamara and Actuarial Services East Africa (Actserv) show a return of 15.1 percent on […]
Sydney, Nov. 15, 2021 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/Kenya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW This supports the updated national broadband strategy, which is focussed on providing a broadband services of at least 3Mb/s to 90% of the population by 2023. In addition, […]
File image of Peter Ndegwa, CEO, Safaricom Nairobi, Kenya Nov 3 – Safaricom has unveiled a new campaign dubbed Mwelekeo Ni Internet, which will see the service providerintroduce new data offers, add more affordable 4G devices to the Lipa Mdogo Mdogo device financing plan and showcase the transformative power of the internet. Through the campaign, […]
Tigrayan women at a market in Hawzen (file photo). Safaricom has evacuated some of its employees from Ethiopia because of armed conflict and civil unrest in what could disrupt the firm’s operations in the populous nation. Safaricom, whose consortium aims to start operations in Ethiopia next year, got the employees out of the country on […]
Vodacom Group announced today that it has agreed terms with Vodafone to acquire its controlling stake in Vodafone Egypt, one of Africa’s premier telecom operators. Subject to regulatory and shareholder approvals, Vodacom Group will fund the acquisition of a 55% stake in Vodafone Egypt by issuing 242 million new ordinary shares at R135.75 per share […]
8 Trucks, 16 Pickups Up For Grabs As More Businesses Turn To M-PESA Safaricom has today launched a promotion that will reward business owners on its Lipa Na M-PESA and Pochi La Biashara services. The promotion comes on the back of increasing adoption of M-PESA services by businesses across the country. More than 400,000 businesses […]
To play this media please enable JavaScript, and consider upgrading to a web browser that supports HTML5 media Telecommunications giant Vodacom posted a decline in profit, headline earnings per share (HEPS) and earnings per share (EPS) for the six months ended September 30, 2021, on a reported basis, while group revenue and earnings before interest, […]
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