Safaricom loses bid to bar Canada telco from its network

Safaricom loses bid to bar Canada telco from its network

Safaricom PLC headquarters in Westlands, Nairobi. PHOTO | DENNIS ONSONGO | NMG Safaricom has lost its bid to stop a Canadian-owned telecoms firm from offering internet-based calls through its network. This is after the Communications and Multimedia Appeals Tribunal struck out a case where Safaricom sought to terminate a contract it signed with Iristel Kenya […]

Kenya: NSE Mourns Kibaki Noting His Substantial Support to the Exchange

Kenya: NSE Mourns Kibaki Noting His Substantial Support to the Exchange

Nairobi — The Nairobi Securities Exchange(NSE) has sent its heartfelt condolences to the friends and family of Mwai Kibaki, who served as Kenya’s third president from December 2002 to April 2013. The NSE Board Chair Kiprono Kittony noted that Kibaki’s contributions as Minister of Finance, Vice President and thereafter President, saw the steady growth of […]

State's dividend earnings from listed companies fall by Sh27b

State’s dividend earnings from listed companies fall by Sh27b

An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]

Safaricom reaches agreement with Ethio Telecom to share towers and other telecom assets in Ethiopia

Safaricom reaches agreement with Ethio Telecom to share towers and other telecom assets in Ethiopia

Business Insider Africa understands that the deal is yet to be finalised. No mention was made about the financial consideration for the deal. Safaricom is expected to launch its Ethiopian operation any moment from now. Safaricom Ethiopia, the recently-incorporated subsidiary of Kenyan telecom giant Safaricom Plc, said it has reached an agreement in principle with […]