Workers are facing their most painful squeeze in over a decade after a day in which the cost of living crisis escalated and employers warned of a longer freeze in pay increases. Employers say real wages, adjusted for inflation, will take longer to recover from the pandemic-induced economic contraction in 2020. This means that disposable […]
Image used for illustrative purpose. Midsection Of Man Using Mobile Phone Against Clear Sky In Marrakesh, Morocco. Standard Chartered Bank Kenya was one of the major banks that lent Safaricom a total of $400mln last year, helping the telecom operator pay for its Ethiopian licence. A consortium led by Safaricom paid $850mln to gain entry […]
Mary MM/Shutterstock.com For over 16 years African Business has been running an annual ranking of Africa’s 250 Top Companies, taking the top listed companies from national and regional stock exchanges across Africa. In this article we focus on the top 20 companies from East Africa in 2021. East Africa is seen as as a trailblazer […]
Investors on the Nairobi Securities Exchange (NSE) #ticker:NSE have seen their paper wealth decline by Sh51 billion since the start of this month as foreign investors continued to flee the market. The market capitalisation opened at Sh2.43 trillion in April and had dropped to Sh2.37 trillion as of Tuesday. Russia’s invasion of Ukraine, profit-taking and […]
Telkom Kenya CEO, Mugo Kibati with his Airtel Kenya counterpart Prasanta Das Sarma when they appeared before the Senate ICT Committee. Telkom Kenya and Airtel Kenya are eying an increase in revenue after the country’s leading mobile network operators launched merchant interoperability on their mobile money wallets. The move allows customers from any mobile money […]
A pedestrian walks on a sideway outside the Safaricom mobile phone customer care centre in the central business district of Nairobi, Kenya, November 10, 2021. REUTERS/Monicah Mwangi Few companies can claim success on the scale of Kenyan telecoms operator Safaricom (#56). Since it was founded, in 1997, it has grown to become East Africa’s second […]
The incumbent operator, 100% state owned, says it has “conducted a productive meeting” (pictured) with Safaricom Ethiopia together with the regulator, the Ethiopian Communications Authority (ECA). Last night Ethio Telecom said it has “successfully concluded our multi-round negotiations on infrastructure sharing and interconnection” and said: “The two companies will sign [an] agreement soon.” In an […]
Safaricom Chief Executive Officer, Peter Ndegwa A Lobby group has asked the court to compel Safaricom to delete all the subscribers’ photos taken during the current Sim card registration. Katiba Institute and LSK have moved to court challenging the decision by Safaricom to obtain photos or biometric data as a requirement for Sim registration. They […]
Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer security in Nairobi and Mombasa cities. FILE PHOTO | NMG Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer security in Nairobi and Mombasa cities. Treasury budget documents show that […]
Safaricom CEO Peter Ndegwa. PHOTO | POOL Safaricom has partnered with educational technology start-up Zeraki to offer remedial online learning to secondary school students at Sh20 a day per user. The Zeraki Learning platform seeks to provide topic-by-topic assessment and offers metrics to help students diagnose their weaknesses and track their progress in over 15 […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.