Safaricom (NSE: SCOM) customers are set to enjoy double talk-time to all networks over the next three months. The offer will be available to all 30 million customers through the Tunukiwa Service by dialing *444*0# after which they can purchase an offer to double their airtime. Customers will have a choice in selecting the validity period of the airtime between 24 hours, 3 days, 7 days and 30 days based on their needs. The airtime will be applicable for calls across all networks, SMS and data consumed out of bundles. To view their balance, customers can dial *444# and select…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Kenya’s inflation in April soared to 6.58% in April attributed to increasing food prices by the statistics body. “Sifted maize flour, kales, potatoes, loose maize grains and flour and tomatoes recorded increases of 29.82, 25.30, 19.2726.1415.90 and 15.31 respectively, in April compared to March 2019,’’ said the Kenya National Bureau of Statistics (KNBS) on Tuesday. “These six items alone account for 6.25% of the CPI weight. However, prices of sugar and some other food items were observed to be lower in April 2019 than in March 2019,” it added. This is a 2.13% rise compared to 4.35% reported in March.
Kenya Airways (KQ) has reported a Ksh 7.6 billion pretax loss in its 2018 financial year performance from Ksh 6.4Bn in FY17 due to a surge in operating costs. “Fuel is our greatest challenge & this will be for a while, oil prices are up by 30%. Fuel represents over 40% of our direct operating costs. We started mitigating this risk by implementing a new hedging policy with minimal risk,” GMD & CEO Sebastian Mikosz. However, the airline said the financial year 2018/19 covered 12 months compared to nine months the previous year. “This, therefore, means that the 2018 results…
Kenya’s largest telecom operator Safaricom Limited (NSE: SCOM) Chief Executive Officer Bob Collymore will step down from his post in August. According to Reuters, this is ‘for health reasons’. Collymore told Reuters “I have every confidence that whether I’m here or not, that this company will run … This is an institution. It is not a company which is just run by a single person.” READ: Bob Collymore’s Tenure at Safaricom Extended to 2020 On Tuesday, the Safaricom PLC Board said they have not made any decision who will replace on Bob Collymore. “This will be subject of deliberation by…
Financial Institution Equity Group Holdings and telecommunications provider Safaricom partnered to create a joint transformation agenda that aims to enable more Kenyans to access critical services using an innovative combination of technology and finance. Through collaboration that will align their joint purpose to transform lives, Equity and Safaricom hope to build more inclusive financial products, explore regional synergies, simplify cash delivery between their agents and share technical knowledge to build a common approach to risks such as fraud and cyber-security. “At Safaricom, we are continuously driven to explore new ways to provide our customers with the best possible experience on…
Kenya, Ghana will be the next African countries to receive the malaria vaccine after Malawi from the World Health Organization (WHO). Malawi was the first country to receive the vaccine and has already been vaccinating children under 2 years old. According to the WHO, children under the age of five are most susceptible to malaria, with Africa being a focal point. More than 250,000 African children die from malaria each year. The WHO has also been concerned about a possible rise in cases, with 219 million confirmed cases in 2017, up 2 million from 217 million cases in 2016. WHO…