In a bid to tap into the highly competitive market, Safaricom has enabled its subscribers to make international calls at no additional cost using the no-expiry PostPay plan. Some of the countries Kenyans can connect with their family and friends include the US, India, China, and Canada. In addition, this applies to users subscribed to other local networks. According to the new value proposition, Safaricom aims to onboard its prepay customers on to the plan. There are about 30 million PrePay customers, in comparison to the 250 thousand PostPay customers. “Who are more discerning and prefer to have one bill…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
The award-winning fashion blogger has collaborated with Itikadi, a contemporary fashion brand inspired by art and culture, to debut the fashion line.
CIC Insurance Group will hold its annual shareholders meeting virtually on September 29. The company, which comprises of CIC Life Assurance Limited, CIC General Insurance Limited, CIC Asset Management Limited, and Takaful Insurance Limited, initially canceled the AGM citing ‘new developments’ that required shareholder’s approvals. The AGM was to be held on 30 June 2020. In a notice the shareholders, the Group says registration for the AGM opens on 7 Sept. and closes 27Sept 2020 at 5.00 pm. The Nairobi Securities Exchange-listed firm in its full-year 2019 financial results saw it post Ksh 386 million profit before tax, a decline…
Struggling fashion retailer Deacons East Africa (East Africa) PLC would likely be liquidated efforts seeking a strategic investor and sell off part of its assets failed. Mr. Peter Kahi from PKF Kenya, one of the Company’s joint administrators, confirmed to Bloomberg that the retailer failed to raise KSh 450 Million (US$ 4.15 Million) in its turnaround strategy. As a result, they will be filing their report in Court recommending its sale. Deacons Plc operates all the 11 Mr. Price Home and Mr. Price apparel stores in Kenya. Deacons have franchises for a number of South African brands, including Truworths, Woolworths,…
KenGen, Kenya’s biggest electricity producer, has decided to pay a final dividend of Ksh 0.25 per share to its shareholders after the auditing of its FY19 results. The Board recommended a final dividend of KSh 0.25 for the year for every ordinary share of KSh 2.50 which amounts to KSh 1.65 billion for the year. According to the audited financial results, KenGen recorded an increase in revenue from KSh 45.3 Billion to KSh 46 Billion. Its pre-tax profit declined to KSh 11.65 Billion from KSh 11.75 Billion, while Net earnings also fell marginally from KSh 7.89 Billion to KSh 7.88…
Tuskys Supermarket’s suppliers trading portal has been termed as the future of retail trading after roping Ksh 1 billion turnover. According to the retailer who has embarked on a recovery strategy, the platform, which provides a supply and prompt payment platform suppliers, accounts for more than 70 percent of the firm’s key suppliers. “We have no doubt that this portal is the future of retail trading and we are doing all we can to secure its entrenchment as our anchor platform for all our supplier engagements,” the Group’s CEO Dan Githua Githua said. Sales registered via the new suppliers’ portal…