Author: Muindi

Airtel Money slightly increased its market share from 6.6% in Q4 2023/2024 to 7.6% in the three months ending September 2024, according to the latest data from the Communications Authority. Despite this growth, Safaricom’s M-PESA maintained its dominant position, although its market share dipped marginally from 93.4% to 92.3% within the same period. In terms of mobile subscriptions, Safaricom continued to lead with a 65.7% market share, followed by Airtel at 29.6%. Finserve (Equitel) surpassed Telkom Kenya and Jamii Networks, capturing 2.1% of the market share compared to their respective 1.7% and 0.9%. In the previous quarter (Q4 2023/2024), Telkom…

Grant Thornton Kenya, a leading professional services firm, has merged with Devani-Devani & Company, a certified public accounting firm. Following receipt of necessary regulatory approvals, the merger, effective January 6, 2025, aims to provide enhanced solutions to clients in Kenya and drive innovation in the face of increasing digitization, including adopting AI and automation in risk management. Grant Thornton Kenya brings over four decades of experience in the Kenyan market, with a team of more than 300 professionals and deep ties within the business community. As part of the global Grant Thornton network, with 76,000 people in 156 markets and…

CFAO Mobility Kenya, the Toyota dealer, has acquired Michelin’s 49% stake in Tyre Distribution Africa (TYDIA), becoming the sole distributor of Michelin and BFGoodrich tyres in East Africa. This strategic acquisition significantly expands CFAO Mobility Kenya’s presence in the automotive sector, strengthening its tyre distribution network across the region. TYDIA has a strong reputation for supplying high-quality tyres for passenger cars, commercial vehicles, and construction equipment. The acquisition will enable CFAO Mobility Kenya to improve the availability of Michelin and BFGoodrich tyres in wholesale and retail markets. TYDIA’s existing infrastructure will be leveraged to reach a broader customer base. Arvinder…

The South Sudanese government has ordered a 30-day blackout of all social media platforms, citing the need to curb the spread of information related to recent attacks on South Sudanese refugees in Wad Madani. The directive, issued to internet service providers, aims to prevent the further dissemination of content that could potentially incite further violence or exacerbate the situation. “We formally request the blockage of these social media sites for a minimum of 30 days. This directive may be lifted as soon as the situation is contained,” said Napolean Adok Gai, Director General of, the National Communication Authority (NCA) in…

Land prices in Nairobi’s satellite towns grew at their slowest rate since June 2023, with the average price growth declining to 1.9 per cent in Q4 2024, down from 3.02 per cent in Q3 2024. This marks the slowest growth rate since June 2023, with the average cost of an acre increasing by only 1.9 per cent, down from 3.02 per cent in the previous quarter, according to the HassConsult Land Price Index for the fourth quarter of 2024. Nine out of the 14 tracked towns witnessed a deceleration in price growth. Thika and Mlolongo experienced the most significant declines,…

Netflix Inc. reported strong fourth-quarter results, exceeding both revenue and earnings expectations. The company added a record 19 million paid subscribers, surpassing 300 million globally.  “We really have built the business on variety and quality across countries, across regions, across genres,” said Netflix co-CEO Ted Sarandos, highlighting the success of its content slate, including “Squid Game” Season 2, live sporting events, and a strong lineup of films.  Key Financial Highlights Revenue: Jumped 16% year-over-year to $10.25 billion.  Net Income: Increased to $1.87 billion from $938 million in the same period last year.  Full-Year Revenue Guidance: Raised to $43.5 billion to…