Safaricom shortlisted for Ethiopia telco licence bid
Wednesday February 17 2021
Safaricom Plc CEO Peter Ndegwa with Chief Customer Officer Sylvia Mulinge (left) during the telco s 20-year celebration in Nairobi on October 27, 2020. PHOTO | DIANA NGILA | NMG
By BRIAN NGUGI
Summary
Safaricom has made it to the shortlist of six firms that have been cleared to bid for one of two Ethiopian telecoms licences that will be offered this year.
The Ethiopian Communications Authority has whittled the list down from a consortia of 12 that had expressed interest in entering the country’s telecommunications market.
Firms will be required to submit their technical and financial bids by April 5, compared with a previous deadline of March 5.
THE STANDARD By
Wainaina Wambu |
February 16th 2021 at 08:02:00 GMT +0300
Dr John Kibunga Kimani Non-Executive Director Kakuzi Plc.
Until recently, only a select few could put a face to the name of billionaire investor John Kibunga Kimani.
But when human rights abuse allegations rocked Nairobi Securities Exchange-listed Kakuzi, where he is the second-largest shareholder with a 32.2 per cent stake, curiosity about the man behind the name rose.
Dr Kimani is also one of the single-largest investors in most blue-chip stocks at the NSE, with his shareholding in these companies alone valued at more than Sh1 billion.
Besides Kakuzi, he has shares in East African Breweries, Safaricom, Nation Media Group and Centum.
Sameer makes U-turn on tyre business after shutting it down
Monday February 08 2021
A worker at Sameer Africa. Sameer has returned to the tyre business after exiting it in May 2020. FILE PHOTO | NMG
By HELLEN GITHAIGA
Sameer Africa #ticker:SMER has returned to tyre distribution after shutting down the division in May last year to tame a loss-making streak amid efforts to cut costs, including outsourcing production to Asia.
At the time, the Nairobi Securities Exchange-listed firm told its shareholders that it would focus on its real estate business, which it projected would return it to profitability.
But in a turnaround bid, the company says it sees both the property and tyre businesses paying off under its four-year (2021-2024) strategic plan.