An MTN stand at an expo. PHOTO | FILE | NMG After losing out to the Safaricom-led consortium in the race for a telecom licence in Ethiopia in May, MTN now says it will not make a second bid to expand into the region via the reissued licence that comes with mobile money. Sources said […]
KEY POINTS The top gainer of the day was BK Group with 8.05 percent at the price of 38.25 shillings per share. It was followed by Britam Holdings with 5.06 percent at the price of 8.30 shillings per share. The top gainer of the day was BK Group with 8.05 percent at the price of […]
Safaricom always schedules maintenance works over the night, and those exercises often take place during the weekend. Several service upgrades have been done over the year, and we have come to expect them from time to time provided the activities are here to make the network better. The same thing is happening tonight (Sat 21 […]
Safaricom has issued another System Upgrade notic e that will render a couple of services unavailable. This will run from tomorrow at 10pm – Saturday 21st August 2021 – to 8 AM on Sunday 22nd August 2021 . The following Safaricom Services will be unavailable: All product purchases Balance enquiry Okoa Jahazi, Tunukiwa All Bonga […]
MTN CEO Ralph Mupita is leading the company out of risky regions. Picture: Freddy Mavunda For a company with a well-received strategy to reduce risk and improve returns for shareholders, few investors disapproved of MTN’s decision in recent weeks to shun Ethiopia as the next growth area. When Ethiopia decided two years ago to change […]
Athletes participate in the 2021 World Athletics Under 20 Championships at the Safaricom Stadium Kasarani File Telecommunications giant Safaricom PLC has sponsored the 2021 World Athletics Under 20 Championships that is currently underway in Kenya. The games which commenced on August 18 will end on Sunday, August 22. Safaricom is one of Kenya’s largest supporters […]
The debate around splitting services of Telecommunication services into different companies has for years been motivated by the giant presence of Safaricom in the country. The conversation is that Safaricom has amassed too much dominance in their operations, which account for more than 65% (voice) of Kenya’s telecoms market. In a new development, all Members […]
Model of a custom single-level suburban home. [Courtesy] Low uptake of mortgages has been cited as one of the reasons for the housing shortage in Kenya. At least two million houses are required to fill the current gap, according to financier Shelter Afrique , but only about 26,000 mortgages are issued annually. This is largely […]
Investors’ wealth on the Nairobi Securities Exchange (NSE) hit an all-time high yesterday, adding Sh70.24billion in a single day, buoyed by a rally of Safaricom and bank stocks. Market data shows the market recorded the sixth straight day of gains to close valued at Sh2.921 trillion— the highest in the history of the bourse. Safaricom […]
MPs have snubbed debate on a Bill that seeks to compel Safaricom #ticker:SCOM, Airtel and Telkom Kenya to split their telecommunications business from the mobile money transfer and lending units. The Kenya Information and Communications (Amendment) Bill sponsored by Gem MP Elisha Odhiambo targets to address concerns that Safaricom has become too big through its […]
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