Kenya has signed a deal with the World Rally Championship (WRC) for the Safari Rally to remain on the WRC calendar until 2026. The deal was signed at the Automobile Club of Monaco by Sports Cabinet Secretary Amina Mohamed and WRC Promoter GmbH Managing Director Jona Siebel. CS Amina also signed several partnerships with the […]
Ethiopian Airlines Group will ramp up investment in cargo services and infrastructure and is looking to become a logistics hub for Africa’s growing e-commerce market. The continent’s largest airline is considering an order for about five Boeing Co. 777 freighters and may also take upcoming Airbus SE A350s, Chief Executive Officer Tewolde GebreMariam said in […]
King Kaka launches own Football Tournament Kenyan musician Kennedy Ombima, alias King Kaka, is one of Kenya’s most successful entertainers thanks to his business acumen. King Kaka began to nurture his entrepreneurial skills while attending high school, at the time managing to pay his own school fees. “ By the time I was in Form […]
The County Government of Nakuru has started a Sh80 million project within the Central Business District to construct telecommunications ducts aimed at reducing the number of fibre optic cuts, saving millions of shillings lost in repairs and downtime. Nakuru City Manager Gitau Thabanja says the ducts which will be shared by all providers are expected […]
A litigator has left Dentons’ Kenyan outfit to join a local firm which is facing greater demand from corporate clients. Kenyan law firm Munyao, Muthama & Kashindi Advocates (MMK) has added to its litigation practice with the hire of a partner with a broad disputes practice. James Tugee joined the firm this week from Dentons […]
Image Credit: Safaricom Safaricom has partnered with Google and Transsion, the company behind TECNO, Infinix and itel, to enable Kenyans access more 4G devices under the ‘Lipa Mdogo Mdogo’ financing plan. Through the partnership, Safaricom customers can access the internet and the world of possibilities via an array of smartphones that they can pay for […]
Airtel Uganda paid the Ugandan government $77.79 million to renew its 20-year licence, its latest financial report shows. The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. This comes as the parent company, […]
From left: Kenya Mortgage Finance Company (KMRC) Head of Risk and Compliance Florah Muthaura, IFC Business Development Lead for Financial Institutions East Africa Jes Chonzi, KMRC CEO Johnstone Oltetia, IFC Manager for Sub-Saharan Africa Gokhan Kont, KMRC Head of Legal Services Elisha Nyikuli and Head of Credit Geofrey Mwaura during a business meeting to discuss […]
Airtel Kenya’s mobile money business made a profit of Sh79 million in the year ended December 2020, sharply contrasting with the company’s voice division whose losses rose to Sh6 billion in the period. The mobile money unit recorded revenue of Sh245 million in the period, the company’s financial results show, and although expenses were higher […]
Ethiopia has suspended bids for a second telecommunication licence that was to include mobile money, stalling Safaricom’s quest to launch M-Pesa in the country. The Ethiopian Communication Authority (ECA) said through a notice dated December 22 that it had cancelled the plan to offer the new telecoms licence following requests from interested parties. “ECA received […]
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