Nairobi Securities Exchange trading floor. PHOTO | NMG Investors on the Nairobi Securities Exchange (NSE) Wednesday lost about Sh54 billion in paper wealth, the biggest single-day decline in four months, hit by a slump in the share price of market driver Safaricom . Data showed that the NSE’s market capitalisation fell by Sh53.8 billion to […]
Credit: REUTERS/Thomas Mukoya NAIROBI, Sept 16 (Reuters) – Kenya’s biggest telecoms operator, Safaricom SCOM.NR, is in talks with Kenya Power KPLC.NR to install a 31.7 billion shillings ($288 million) smart metering system for the utility to slash power losses, documents showed on Thursday. The state-controlled utility, which is the main power distributor in the East […]
Share Share on Pinterest Share on Facebook Share on Twitter Safaricom Ethiopia will carry out a countrywide staff recruitment drive where it will introduce its leadership team while affirming its commitment to investing in the country’s digital future ahead of the commercial launch. The development was announced by Mr. Peter Ndegwa (CEO) who led a […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
Safaricom PLC CEO, Peter Ndegwa (right), with Nairobi Securities Exchange (NSE) CEO, Geoffrey Odundo, moments after signing a partnership between the two organizations. Also present is NSE Chairman, Kiprono Kittony and Central Depository & Settlement Corporation (CDSC) Head of Strategy, Research, Legal and Compliance, Hilda Njeri. Safaricom Bonga points, the loyalty program by the telco, […]
Kenyan operator Safaricom has confirmed that it plans to launch a commercial 5G network in 2022. Prior to commercialising 5G services in 2022, it also plans to increase the number of its 5G sites to 200 by the end of the year. In March Safaricom launched its upgraded network in major urban centres, including Nairobi, […]
Safaricom Half Year Results 2020 Safaricom has today been announced as a Global Compact LEAD participant for its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business. The telco, which is the only African company on the list , was identified as being among the most highly engaged participants […]
• The union has agreed to a 30-day negotiation with the Ministry of Energy and Kenya Power Management. • They were protesting board interference in the company’s management, the Safaricom Smart Grid proposal which the union say favours the Telco and delays in putting Kenya Power staff on permanent contracts. The Electricity Workers Union has […]
MPESA App Safaricom will be conducting a maintenance exercise on its mobile money product M-PESA today, Tuesday 21 to the early hours of Wednesday 22 Sept. The leading operator says that the enhancement to M-PESA systems will start from 1159 PM. The exercise will end at 4 AM, Wednesday (22 nd Sept) morning. All M-PESA […]
United Nations — Safaricom was Tuesday named as a Global Compact LEAD company, highlighting the firm’s commitment to the United Nations (UN) Global compact initiative which provides a collaborative space to generate and implement advanced corporate sustainability practice. This is the fourth time that the company has been included in the prestigious list which has […]
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