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Kenyan mobile money payments rise 11% in H1 to KES 22.14 trln

Published 19 Aug 2019 09:10 CET | Kenya

The value of deals settled through mobile phones in the first half 2019 rebounded from 2018's slowdown and grew by KES 215.29 billion, reports Business Daily. Mobile payments ...

Telkom Kenya seeks puts properties worth KES 3.87 billion up for sale ahead of merger

Published 16 Aug 2019 10:30 CET | Kenya

Telkom Kenya has put KES 3.87 billion worth of properties throughout the country up for sale as it seeks to raise cash to contribute to its forthcoming merger with Airtel, ...

Kenya Revenue Authority plans to tax income from mobile apps

Published 16 Aug 2019 09:28 CET | Kenya

The Kenya Revenue Authority (KRA) plans to tax developers of income-generating digital applications (apps), reports Business Daily. The KRA says it will work with the ...

Telkom Kenya considers redeploying some staff due for redundancy in Airtel merger

Published 15 Aug 2019 11:14 CET | Kenya

Some of 575 employees of Telkom Kenya who will lose their jobs by the end of August will be accommodated in the  merger with Airtel Kenya. Telkom said it intends to advertise ...

Safaricom employee charged with stealing money from dead client's account

Published 14 Aug 2019 10:32 CET | Kenya

Kenyan operator Safaricom has been arraigned in court for allegedly stealing the phone number of a dead woman. Employee Peter Odhiambo Ochieng was charged with accessing a ...

Safaricom supports Football Kenya Federation youth tie-up with La Liga

Published 14 Aug 2019 10:22 CET | Kenya

Safaricom has announced an extended partnership with LaLiga and the Football Kenya Federation (FKF) for the third season of the Chapa Dimba na Safaricom youth tournament. ...

Kenyan court delays CA head's departure and schedules hearing for 27 August

Published 14 Aug 2019 10:16 CET | Kenya

The Communications Authority of Kenya (CA) director general Francis Wangusi will remain in office temporarily, even after the expiry of his term on 23 August, reports ...

Telkom Kenya retirees step up battle for KES 7.2 bln dues, return to court in November

Published 14 Aug 2019 09:50 CET | Kenya

Telkom Kenya retirees have pleaded with the Labour Court to uphold a 2017 decision by the Retirement Benefits Appeals Tribunal that they should be paid their dues, amounting ...

Seacom exceeds 300 cloud customers in Kenya

Published 13 Aug 2019 12:22 CET | Kenya

Seacom said it has exceeded 300 corporate cloud customers in Kenya, Business Daily reported. It launched Seacom Business locally in 2016, a year after it did the same in ...

Rohde & Schwarz wins another Kenyan monitoring equipment contract

Published 13 Aug 2019 10:04 CET | Kenya

The Communications Authority of Kenya (CA) has placed another order with Rohde & Schwarz for mobile and spectrum monitoring equipment, reports Business Daily. This is phase ...

Former Airtel Kenya employees seek to delay Telkom merger over pending labour dispute case

Published 12 Aug 2019 10:37 CET | Kenya

The Airtel-Telkom Kenya merger is facing opposition from 52 former Airtel employees, which could delay the deal's closure, which had been expected later in August, The Star ...

EA Cables returns to profit in H1 amid lower revenue

Published 12 Aug 2019 09:29 CET | Kenya

East African Cables has returned to profit despite a 19 percent decline in turnover, posting net earnings of KES 634 million in the six months to June compared with a loss of ...

Safaricom to spend KES 10 mln to refurbish hospital in Mombasa

Published 12 Aug 2019 09:07 CET | Kenya

Kenyan operator Safaricom through its Foundation will spend KES 10 million to refurnish a newborn unit at Coast General Hospital following a partnership with the Mombasa ...

Safaricom reports decline in value of unclaimed Bonga points

Published 08 Aug 2019 16:39 CET | Kenya

The value of unclaimed Safaricom customer loyalty awards, popularly known as Bonga points, has dropped from KES 4.04 billion to KES 3.85 billion in the year to March, ...

StarTimes Kenya to invest KES 200 mln in local content channel

Published 06 Aug 2019 11:11 CET | Kenya

StarTimes Kenya said it will invest KES 200 million to launch with local content production. CEO Andy Wang said Rembo TV will air content developed by Kenyans for Kenyans....

Safaricom increases Storo Bonus to 200%, adds YouTube bundle

Published 06 Aug 2019 10:44 CET | Kenya

Kenyan operator Safaricom announced an improved Storo Bonus Promotion that will reward customers 200 percent bonus airtime and an additional 200MB free YouTube bundle on ...

Safaricom discounts new fibre subscriptions, expands coverage

Published 06 Aug 2019 10:35 CET | Kenya

Kenyan operator Safaricom is offering in August and September a 50 percent discount on new Safaricom Home fibre subscriptions. The company is also looking to extend its fibre ...

Safaricom invests KES 407 mln in M-Pesa global business

Published 06 Aug 2019 10:03 CET | Kenya

The company rolled out the international money transfer business through Instaconnect and injected additional capital by acquiring assets worth KES 397 million and a cash ...

Safaricom claims KES 601 bln contribution to economy in a year

Published 05 Aug 2019 12:07 CET | Kenya

Kenyan operator Safaricom injected KES 601 billion into the Kenyan economy in the year ended March, making the telecom company one of the single-biggest contributors to the ...

Safaricom awards managers KES 426 mln in shares

Published 05 Aug 2019 11:21 CET | Kenya

Kenyan operator Safaricom's managers were awarded 15.5 million shares with a current market value of KES 426 million in the year ended March as compensation for their past ...

Airtel Kenya auditors issue warning over debt

Published 01 Aug 2019 11:29 CET | Kenya

Airtel Kenya's auditors have raised the red flag on the company's financial health after it posted a KES 2.89 billion loss in 2018, raising its cumulative losses to KES 68.09 ...

Safaricom still plans to extend M-Pesa beyond Kenya

Published 01 Aug 2019 11:18 CET | Kenya

Safaricom said it will focus on expanding mobile financial services business M-Pesa beyond Kenya, reports Reuters. Interim CEO of Michael Joseph said he is particularly keen ...

Safaricom proposes to have majority of Kenyan directors in AGM notice

Published 01 Aug 2019 09:33 CET | Kenya

Safaricom's shareholders will vote at the end of August on a proposal to give Kenyans more seats on the board, reports the Standard.  In a notice to shareholders to attend ...

Safaricom sacks 31 employees linked to fraud

Published 01 Aug 2019 09:29 CET | Kenya

Kenyan operator Safaricom fired 31 employees in the year ended March after they were found to have engaged in fraud, reports Business Daily citing the company's annual ...

Safaricom founding CEO sells off his shares

Published 01 Aug 2019 09:26 CET | Kenya

Kenyan operator Safaricom's founding CEO Michael Joseph has sold off his shareholding in the company, reports The Standard citing the company's annual report. Joseph, who was ...

 

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