Safaricom Plc has recorded the first ever decline in full year earnings in its two decade run as net income dropped 6.8% to Kshs. 68.68 billion in a period major revenue streams were hurt by COVID-19. During the period ending 31st March 2021, the giant telco saw revenue from M-pesa reduce 2.1% to Kshs. 82.64… Continue reading Safaricom net income down to Kshs. 68B as M-pesa revenue tumbles – KBC
Mathira MP Rigathi Gachagua wants detective queried in fraud case
Mathira MP Rigathi Gachagua. [Courtesy] Mathira MP Rigathi Gachagua has asked the court to allow him to cross-examine an investigating officer who linked him to alleged embezzlement of more than Sh200 million. The MP, through lawyer Kioko Kilukumi, told Justice James Wakiaga that an affidavit filed by Asset Recovery Agency (ARA) investigator Fredrick Musyoki contained… Continue reading Mathira MP Rigathi Gachagua wants detective queried in fraud case
Murathe: I Was a Millionaire Before Politics Made Me Poor
Jubilee Vice Chairperson David Murathe on Wednesday evening, May 12, disclosed that he run broke when he joined parliament as Gatanga MP in 1997. Murathe was responding to claims that his proximity with President Uhuru Kenyatta have helped him accrue wealth over the years. “I have grown up in business. I am not taking advantage of… Continue reading Murathe: I Was a Millionaire Before Politics Made Me Poor
Tesla Suspends Bitcoin Car Purchases Over Environmental Concerns
Tesla CEO Elon Musk has announced that Tesla would be suspending the option to pay for vehicles using Bitcoin. In a tweet, Elon Musk said Tesla had suspended vehicle purchases using BTC out of concerns of rapid usage of fossil fuels in mining and transactions. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly… Continue reading Tesla Suspends Bitcoin Car Purchases Over Environmental Concerns
Prime Time to open office at Biretwo
By Dennis Bett Prime Time Sacco has resolved to open a satellite office at Biretwo trading centre on the Iten-Kabarnet road in Keiyo South sub-county. The decision was communicated recently during the society’s 24th Annual Delegates Meeting (ADM) at Iten School for the Deaf by Sacco chairman Thomas Rotich. He said a feasibility study… Continue reading Prime Time to open office at Biretwo
CNN: Larry Madowo Lands Yet Another Top Job
Journalist Larry Madowo is resigning at BBC to take a new position from CNN as their Nairobi-based correspondent. According to the Senior Vice President of International Newsgathering and Managing Editor, Europe, Middle East and Africa, for CNN International, Deborah Rayner, Madowo will return to Nairobi after moving to the US where he worked as BBC’s North… Continue reading CNN: Larry Madowo Lands Yet Another Top Job
Future of digital payments. Telkom’s Role in the Country’s Fintech disruption
Fintech is an abbreviation of financial technologies and it has been at the center stage of closing the financial inclusion problem in most parts of Africa and Kenya in Particular. Part of Kenya’s debt problem can be solved by integrating more Kenyan adults both youth and seniors into the money economy. Have them all banked. … Continue reading Future of digital payments. Telkom’s Role in the Country’s Fintech disruption
Government to assist families displaced by floods – KBC
The government has moved in to map areas most affected by the ongoing rains with a view of assisting hundreds of families displaced by the floods. Already, West Pokot, Nyatike, Bundalangi, Tana River and parts of Siaya have been identified as the hardest hit by the ongoing rains. The mapping comes at a time more… Continue reading Government to assist families displaced by floods – KBC
Safaricom records a 6.8pc drop in its 2020 Net Income to Sh68.68bn
NAIROBI, Kenya, May 13 – Safaricom has recorded a 6.8 percent decline in its 2020 net income to Sh68.68 billion, owing to the impact of the ongoing coronavirus pandemic. According to the NSE listed telco, service revenue closed at Sh250.35 billion driven by double-digit growth in mobile data business, which grew by 11.5 percent year-on-year… Continue reading Safaricom records a 6.8pc drop in its 2020 Net Income to Sh68.68bn
Atletico edge closer to La Liga title after Real Sociedad win
MADRID, Spain, May 13 – Atletico Madrid held their nerve to beat Real Sociedad 2-1 on Wednesday and move within touching distance of winning La Liga. Yannick Carrasco and Angel Correa made a dominant first half count for Atletico, who retreated in the second and were left hanging on after Igor Zubeldia blasted in for… Continue reading Atletico edge closer to La Liga title after Real Sociedad win