The government’s earnings from public investments surpassed the target for the year ended June 2021 by Sh3.7 billion, reflecting higher levels of dividend payouts than the National Treasury had projected. A latest exchequer report shows that income from dividends and other profit —wired by parastatals, state agencies as well as quoted and private firms where […]
Telkom Kenya CEO, Mugo Kibati and Airtel Kenya CEO, Prasanta Das Sarma when they appeared before the Senate ICT Committee at County Hall, Nairobi on October 22, 2021, on the status of their merger. [Boniface Okendo, Standard] At the height of the heated debate on the proposal to declare Safaricom a dominant player in the […]
Mdundo has posted a 10% growth in the number of unique users for the quarter ended September 2021 The music streaming platform has attributed the growth to a significant increase in users in Tanzania, Kenya, and South Africa In Kenya, Mdundo grew by 13% to 2.6 million unique users contributing 15% of the platform’s total […]
Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
‘Wezesha Elimu’ aims at increasing learning opportunities for children with disabilities. M-PESA Foundation has partnered with CBM Kenya and CURE Kenya hospital to address factors that limit children with disabilities from access, retention and transition in schools. The KES 74 million ‘Wezesha Elimu’ project will see children with disabilities undergo surgeries, rehabilitation and eventually placed […]
Kenya’s second-largest telco Airtel has renewed calls to have Safaricom officially declared dominant in the country’s retail mobile sector. Airtel also wants tougher regulatory measures introduced on the market leader to even the playing field for other operators. In submissions to the Senate Committee on Information and Technology yesterday, Airtel Kenya said Safaricom’s 64 per […]
Safaricom Chief Executive Officer, Peter Ndegwa during the Safaricom MPESA SuperApp launch with Offline mode and mini Apps Telco Safaricom has fought off accusations it engages in unfair competition and told rivals to invest in infrastructure development and innovation. Safaricom CEO Peter Ndegwa on Tuesday said the company has not undertaken any activity that has […]
• CEO Peter Ndegwa says the telco has not undertaken any activity that has crippled or in any way affected the ability of its competitors. • Notes that Safaricom’s share of the market has been decreasing year on year, which shows competition is gaining and growing. Telecommunication giant Safaricom PLC has fought off accusations it […]
MTN Uganda boss Wim Vanhelleputte /COURTESY Kenyans can now have a piece of MTN Uganda after the capital markets regulator cleared the telco’s Initial Public Offer (IPO). Addressing a virtual media briefing, MTN Uganda CEO Wim Vanhelleputte said Kenya’s Capital Markets Authority approved the offer and investors have until November 22 to take part in […]
MTN Nigeria Communications Plc announced that it has obtained an Approval-in-Principle (AIP) from the Central bank of Nigeria (CBN) to launch its proposed MoMo Payment Service Bank Limited. The approval is one of the foremost actions required to obtain final approval from the apex banking authority, subject to the fulfilment of other stipulated conditions. The […]
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