Safaricom headquarters in Westland, Nairobi. [Courtesy] Seventeen (17) companies were on, on Friday, August 29, feted for exemplary tax compliance by President Uhuru Kenyatta. Telecommunications giant, Safaricom, led the pack. The telco, which was awarded in the large player category, submitted Sh105.9 billion in taxes in the last year. Premier Credit, a company that offers […]
Nairobi — Kenya Electricity Generating Company PLC (KenGen) has been recognized for leading the Eastern Africa region in clean energy production. KenGen has been given honorary recognition in the 2021 Climate Action Awards East Africa – a competition that shines a spotlight on people and organizations with groundbreaking innovations and ideas to mitigate the effects […]
Telecommunications infrastructure firm Atlas Tower Kenya is investing $48.9 million (Sh5.4 billion) to install 4G towers, targeting mobile network operators Safaricom, Airtel Kenya and Telkom Kenya. The telcos are in a race to cover most of the country with the fourth generation (4G) broadband cellular technology to attract and retain subscribers using smartphones. Atlas, owned […]
A US government agency has delayed the disbursement of a $500million (Sh53.97 billion) loan to finance the entry of a Safaricom-led consortium into the Ethiopian telecoms market, citing uncertainty over the ongoing unrest in the country’s Tigray region. The US International Development Finance Corporation (DFC) said it was still weighing the escalation of armed conflict […]
Banking, manufacturing stocks and the NSE’s sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy. Analysts at Mauritius-based investment bank AXYS, which trades locally as AIB-AXYS Africa, said in a note that […]
Nigerian billionaire Aliko Dangote and Facebook founder Mark Zuckerberg. File As business landscapes keep changing worldwide, investors and businessmen find themselves dipping their feet in waters they are not used to. In the early aughts, when telecommunication hit East Africa, the region innovated and developed mobile money transfer and became a leader in the category. […]
The views and opinions expressed by the author(s) do not represent the official position of Barbados TODAY. by Dr. Jan Yves Remy and Ms. Chelcee Brathwaite On the sidelines of the UNCTAD XV Conference hosted by Barbados on 3-7 October 2021, a growing courtship between Barbados’ Prime Minister Mia Mottley and Kenya’s President Uhuru Kenyatta […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]
Airtel wants the Competition Authority of Kenya (CAK) to honour the law and declare Safaricom the dominant player in Kenya’s telecommunication’s sector Safaricom owns a massive chunk of the market share at 64%, followed by Airtel at 27% and Telkom Kenya at 7% CAK has also been accused of skewed allocation of mobile spectrum in […]
Data by the Ministry of Industrialisation shows the number of registered companies in Kenya stands at over 310,000 Out of the figure, only 65 are listed at the Nairobi Securities Exchange (NSE) Safaricom tops the list of the richest companies in Kenya followed closely the East African Breweries Ltd Data by the Ministry of Industrialisation […]
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