Kenya’s leading telecommunication company Safaricom has been officially awarded a licence to become the first foreign entity to provide such services in Ethiopia. Ethiopian prime minister Abiy Ahmed Ali presented the licence at a ceremony in Addis Ababa, attended by Uhuru Kenyatta, president of Kenya, as well as Safaricom CEO Peter Ndegwa and Vodacom CEO […]
Not many are privy to a little technology that has the potential of revolutionising how we connect our devices to our carriers. The Embedded SIM, or eSIM, sometimes e-SIM, is a way of connecting your device to a network without a traditional physical SIM Card. We have already talked about eSIM on this platform and […]
Addis Ababa — President Uhuru Kenyatta has told Ethiopians that the entry of Kenya’s technology giant Safaricom will help transform their country by positively impacting most sectors of the 112 million population economy. Using the example of Safaricom’s impact on the Kenyan economy over the years, President Kenyatta lauded Prime Minister Dr Abiy Ahmed and […]
Traders sell vegetables during a market day at Daraja Mbili. /FILE Women-owned businesses in Kenya face structural barriers that limit their ability to secure contracts with large companies for growth, according to a study by the International Finance Corporation(IFC). Commissioned as part of IFC’s wider efforts to connect women entrepreneurs to new markets, the study […]
Telecoms operator Safaricom #ticker:SCOM is likely to write off a Sh1.5 billion debt owed by rival telcos Telkom and Airtel after it made provisions for loss of the funds. Telkom and Airtel owe Safaricom for using its infrastructure known as co-location and interconnection fees from cross-network calls. Safaricom said they have to provision on a […]
Safaricom chief executive Peter Ndegwa during the company’s launch of 5G. FILE PHOTO | NMG A consortium led by Safaricom has received a boost after their US financier was granted a special approval to fund the telcos’ entry into Ethiopia amid America’s economic sanctions against Addis Ababa. The Ethiopia expansion had been complicated by the […]
Safaricom CEO Peter Ndegwa. PHOTO | POOL Safaricom will maintain a dividend policy of paying out 80 percent of its net profit despite committing billions of shillings to expansion into Ethiopia through a consortium. A consortium majority controlled by Safaricom pledged to invest Sh909.5 billion ($8.5 billion) in their network over the next decade, including […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) has given investors a double digit return through the first half of 2021 as the markets rebound from last year’s dip. The NSE primary index comprising of all stocks has posted the highest return at 15.4 per cent […]
NAIROBI, Kenya July 6 – Ethiopia is set to close more than 30 embassies across the world, but Kenya will not be affected. Sources told Capital FM on Tuesday that it is true more than 30 embassies will be closed. ”It is true, but Kenya l’s embassy will not be closed,” a source said, “Ethiopia […]
Nairobi Securities Exchange trading floor. PHOTO | NMG The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in […]
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