Kenya’s Biggest Company Says Politics is Hurting Profit Growth
Safaricom Ltd. said political uncertainty surrounding Kenya’s prolonged presidential election period had affected the performance of East Africa’s largest company after it reported a slowdown in first-half More...
Kenya’s obsession with politics leaves the Economic Front undefended as faceless capitalists prowl
On Tuesday this week a curious full page advert appeared on page 9 of this newspaper. After going through the advert signed by M. Buckers and L.R.M Kraan, I ran out of breath and called a corporate lawyer for interpretation. More...
Safaricom CEO Bob Collymore: M-Pesa could have conquered the world, but we didn’t — and this is why
The phrase “African solutions” has in recent years taken major meaning on the continent, but it unintendedly creates a canvas that is short of conquering global markets, the chief executive officer of Safaricom, east More...
Safaricom Criticizes Kenyan Antitrust Law Amid Political Dispute
Safaricom Ltd., East Africa’s biggest mobile-phone operator, criticized draft legislation it says seeks to punish the company’s dominant market share, amid reports Kenya’s state lawyer blocked the proposed More...
Telecoms in Kenya battle for shrinking landline phone market
Telecom companies in Kenya have intensified fight for the landline phone market even as the number of people using the network dwindles. The companies have come up with various incentives that include calling at More...
Safaricom signs security contract with Kenya’s government
Kenya’s largest mobile phone firm Safaricom said on Tuesday it had signed a deal with the government to construct a security system worth 14.9 billion shillings ($165.2 million). The project was given the More...
Safaricom pulls out of yuMobile Deal, Blames regulators
Kenya’s leading telecoms company, Safaricom has decided to pull out of the proposed acquisition of yuMobile’s assets, as a result of stringent conditions set by market regulator Communications Authority of Kenya More...
Safaricom to provide free broadband for Schools
Kenyan mobile operator, Safaricom will provide free broadband to public primary schools in Kenya, if the government will provide it with the required frequency spectrum, said the company’s CEO, Bob Collymore. The More...
Safaricom makes corporate history posts $131 Million profit
Kenya’s Vodafone subsidiary, Safaricom Tuesday posted a Sh11.2 billion ($131 million) H1 profit-after-tax, the largest net income ever recorded by any company in Kenya’s corporate history. According to Kenya’s More...
Safaricom Emerges Kenya’s biggest Tax Payer
VENTURES AFRICA- East Africa’s biggest mobile phone operator, Safaricom has emerged Kenya’s largest taxpayer for the sixth consecutive year. In May, Safaricom announced a 47 percent pre-tax profit from KSh17.3b More...
