Author: David Indeje

MTN Uganda on Monday listed 22.4 billion ordinary shares on the Uganda Securities Exchange (USE) following the successful completion of the initial public offering (IPO). It becomes the 10th local listed company on the Stock Exchange. The listing reduces the ownership of MTN Group in MTN Uganda from 96 per cent to 83.05 per cent. This aligns with the Ugandan Communications Commission’s new licensing requirement for broad-based ownership by Ugandans, with a compliance deadline of mid-2022. “With this listing, MTN Uganda becomes the Ugandan stock with the largest market capitalisation on the USE,” said MTN Group President and CEO Ralph…

Safaricom is ringing in the holidays by bringing a month-long  Christmas campaign ‘Pokea Uteo Wa Furaha’  that seeks to deepen customer engagement and experience. Through the campaign that began 4 December 2021 in Dagoretti, will run up to 15 January 2022  will see Safaricom’s customers enjoy numerous gifts and offers in voice, data, M-Pesa, and Bonga points among others. “This festive season we want to spread the love, cheer and kindness through the various special delights for our customers,” Mr Nick Kamunyu, Chief Channels Officer said during the Safaricom Christmas campaign launch in Nairobi West, Dagoretti Corner on Saturday.  “We…

Cytonn Investments Management Plc says it will appeal against the High Court directive that dismissed their petition that sought to challenge the Capital Markets Authority directive limiting their projects under its asset managers unit to 10 per cent. Cytonn CEO Edwin Dande alleges that the ruling that was delivered in favour of CMA, “The learned judge misdirected himself in law and misapprehended the facts.” As per Mr Dande, they have already filed a notice of appeal. “We are playing for the long haul and posterity. We have already filed a notice of appeal, the appeal is being prepared and we…

Kenya’s Ministry of ICT has published a whitepaper that provides evidence to support policymakers in developing a country-level strategy on talent cultivation for the digital economy. Titled ‘ICT Talent Cultivation for Kenya’s Digital Economy’, found out that the country’s progress towards the digital economy is still in its early days. It is ranked in the top 3 or 5 in Africa in most indexes but lower in the global context. For instance, Kenya is ranked 70 out of 79 countries by the Huawei Global Connectivity Index (2020), 84 out of 134 countries by Network Readiness Index (2020) and 105 out…

What is Facebook Protect? This is a programme designed to protect accounts of users at high risk of being targeted by cybercriminals. The programme has been rolled out in Kenya and other countries. The program was first tested in the US in 2018. “Facebook Protect is a security program for the people that are most likely to be highly targeted by malicious hackers or other adversarial threats. These include human rights defenders, journalists and activists, and are often at the centre of public debate. They hold governments and companies accountable,” explained Nathaniel Gleicher, Head of Security at Facebook. “There are…

Kenya on Thursday launched the COVID-19 immunization campaign at four border points targeting female traders and long-distance truck drivers. Funded by external donors and implemented by Kenya Private Sector Alliance and Nairobi-based TradeMark East Africa, the vaccination exercise targets over 40,000 cross-border female traders, truck drivers and logistics professionals. The campaign began at the Busia One-Stop Border Post and will be rolled out to the Malaba, Isebania and Taveta border entry points. Lucy Mecca, Vaccine Quality and Supply manager at the National Vaccines Immunization Program, said the two-month inoculation exercise at the border points aims to mitigate COVID-19 infections among…