BUSINESS NEWS
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Kenya’s leading telecommunications operator, Safaricom has appointed Peter Ndegwa as its new CEO.
In a statement on Wednesday, Safaricom said Ndegwa’s appointment will take effect on April 1st, 2020.
Ndegwa joins Safaricom from British multinational, Diageo PLC, where he has been serving as the…
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As it marks its 19th anniversary, Safaricom has introduced non-expiry data, voice and SMS packages for its customers.
On Wednesday, the giant telecommunications operator unveiled the changes in a new system dubbed ‘Simple. Transparent. Honest.’
“We have reviewed all of our products and services,…
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Multinational flower company, Finlays has announced it will shut down two of its farms in Kenya by December 25th citing difficult business environment in the country.
The closure of the two flower farms in Kericho County will render more than 1,000 workers jobless, according to media reports.…
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President Kenyatta declined to assent to the Finance Bill 2019 and asked MPs to scrap a cap on commercial lending that was imposed in 2016.
Consequently, Uhuru has sent the Bill back to the National Assembly after agreeing with the Treasury and Central Bank of Kenya (CBK) that the interest rate cap…
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American technology company, Microsoft has hired 50 engineers at its Africa Development Centre (ADC) opened in Nairobi in May this year.
The 50 experts are part of a team of 100 computer science engineers the tech giant targets to hire as it looks to enter into more partnerships with local small…
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A Kenyan coffee producer has won a contract for the supply of ground berries to an American beverage company that makes bhang-laced drinks.
New York-listed Puration Company (PURA) will make Cannabidiol-infused lattes for the US and European markets using berries procured from the Kenyan Fair Trade…
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Kenya’s giant telecommunications company, Safaricom is planning to buy a stake in Ethiopia’s State-owned Ethio Telecom.
Acting Safaricom CEO Michael Joseph indicated the company is considering buying shares in Ethio Telecom, the world’s largest telecoms monopoly. Joseph said Safaricom also has…
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The State is holding more than Sh12 billion in unclaimed assets as only 7,000 Kenyans applied to be reunited with their properties in the past seven years.
Since it was established in 2013, the Unclaimed Financial Assets Authority (UFAA) is holding assets worth Sh13 billion belonging to two million…
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Rwandan President Paul Kagame on Monday opened Africa’s first smartphone factory in the country’s capital, Kigali.
Mara Group, a Rwandese company unveiled two smartphone brands on Monday dubbed Mara X and Mara Z.
Mara X and Mara Z use Google’s Android operating system and will cost around 175,750…
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Kenya’s largest betting company, SportPesa has fired all employees days after it announced its decision to shut down operations in the country.
More than 400 SportPesa staff were informed about the laying off during a meeting called by CEO Ronald Karauri at the company’s headquarters at Nyaku House…
