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Mobile money agents deals up 56pc

Time to pull down barriers to Press freedom in Kenya

Time to pull down barriers to Press freedom in Kenya Monday May 03 2021 Journalists cover the offloading of Covid-19 vaccines at JKIA in Nairobi on March 2, 2021. PHOTO | DENNIS ONSONGO | NMG By VICTOR BWIRE Summary Press freedom is a fundamental human right that largely actualises freedom of expression and access to information provisions in our Constitution and is critical in enhancing public participation in governance issues and enabling citizen involvement in the democratisation process. As is the case with the rest of the world, media remains a strong player in shaping national development processes in Kenya while at the same time holding the position of the most trusted institution.

How Kenya Power Made Ksh3 Billion From Internet Business

How Kenya Power Made Ksh3 Billion From Internet Business 3 May 2021 - 11:16 am Kenya Power MD Bernard Ngugi and Rai Cement Ltd Group Finance Controller Rakesh Kumar hold a discussion during a tour of Rai Cement in Muhoroni town, Kisumu County File Kenya Power’s entry into the internet data market has seen the company reap upwards of Ksh3 billion. Kenyans’ fast-rising consumption of internet data saw the company launch its data operations in 2010 and has laid more than 4,000km for fibre optic cable.  The electric firm uses the cables to operate the national power grid and leases the excess capacity to telecommunications companies. 

Airtel risks forced sale in expired licence row

Airtel risks forced sale in expired licence row Friday April 30 2021 By ELIZABETH KIVUVA Summary Joe Mucheru, the ICT Cabinet Secretary, said Airtel must first renew its licence that expired in February 2015 before entering talks with the government for a waiver of the local ownership rule. The State has ordered Airtel Kenya to pay $20.025 million (Sh2.15 billion) for its expired licence to be exempted from a rule that requires telecoms operators to sell a 30 percent stake to local investors within the next three years. Joe Mucheru, the ICT Cabinet Secretary, said Airtel must first renew its licence that expired in February 2015 before entering talks with the government for a waiver of the local ownership rule.

Airtel loss rises to Sh5 6bn despite subscriber growth

Airtel loss rises to Sh5.6bn despite subscriber growth Summary The telco is now insolvent to the tune of Sh46.93 billion after the gap between its liabilities and assets widened further from the Sh43.34 billion recorded in the previous year. Friday April 30 2021 Mr Prasanta Das Sarma, Airtel Kenya chief executive officer, during a past product promotion. FILE PHOTO | NMG By PATRICK ALUSHULA Summary The telco is now insolvent to the tune of Sh46.93 billion after the gap between its liabilities and assets widened further from the Sh43.34 billion recorded in the previous year. Airtel Kenya net loss from its voice and data business increased by 55 per cent to Sh4.45 billion despite the continued gain of customers and talk time market share from its rival Safaricom.

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