A court in South Africa has ordered Vodacom to pay the ‘Please Call Me’ inventor five per cent of the total voice revenue generated by the product in the past 20 years. The ruling delivered by Gauteng High Court found that the telecommunication giant which owns a 35 per cent stake in Safaricom Plc shortchanged […]
Tag: XNAI_SCOM
CBK tips new digital shilling to take on high M-Pesa charges
The proposed Central bank digital currency (CBDC) will help bring down the transaction fees currently charged on digital payments in what could make it the biggest competitor to Kenya’s mobile money sector. The banking regulator says the virtual currency that will be exchangeable on a one-to-one basis with physical cash would work in a similar […]
Pension returns up 5pc on stocks gains
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Foreign investor share sales drop in January
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Nokia opts for device financing to drive sales
HMG Global Business Manager Mark Misumi and a model during the launch of Nokia 2.3 in Kenya. PHOTO | COURTESY HMD Global, the maker of Nokia-branded smartphones is targeting businesses for device financing to help increase adoption of its phone and grow its markets share. The Finnish mobile phone manufacturer said it will work with […]
Pension returns up 5pc on stocks gains
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Kenya – Low-Cost ISP Poa! Internet Bags U.S.$28 Million in Funding to Expand Its Coverage Across the Country
There is a small group of African ISPs that are doing the ‘heavy lifting’ of addressing lower income customers. poa! Internet is one of them and it has just raised US$28 million to increase its scale. Russell Southwood spoke to CEO Andy Halsall about what the company has planned and the current state of the […]
Africa: Kenya – Low-Cost ISP Poa! Internet Bags U.S.$28 Million in Funding to Expand Its Coverage Across the Country
London — There is a small group of African ISPs that are doing the ‘heavy lifting’ of addressing lower income customers. poa! Internet is one of them and it has just raised US$28 million to increase its scale. Russell Southwood spoke to CEO Andy Halsall about what the company has planned and the current state […]
Amid Termination Rates Debate, Small Telcos Insist Safaricom Practices Anticompetitive Behaviour
CA Kenya The mobile termination rates (MRTs) debate has been ongoing for a couple of days now, and that’s for good reason because there are some pressing issues that are yet to be addressed by the ICT regulator the CA, as well as input from the so-called ‘smaller’ telcos, namely Airtel and Telkom Kenya who […]
NSSF taps Safaricom to drive up pension savings
•According to NSSF Managing Trustee, Anthony Omerikwa, the demand for NSSF services has gone beyond formally employed people to entrepreneurs. •Customers can register for NSSF membership, keep track of their contributions, top up and manage their NSSF account. Safaricom Chief Financial Services Officer Sitoyo Lopokoiyit, NSSF Managing Trustee Antony Omerikwa and Safaricom Chief Enterprise Business […]