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John Ngumi resigns as Safaricom chair after 5-month stint

John Ngumi resigns as Safaricom chair after 5-month stint
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John Ngumi replaces Michael Joseph as Safaricom Board chairperson

John Ngumi replaces Michael Joseph as Safaricom Board chairperson
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BAT Kenya posts Sh2 9bn half year profit

NAIROBI, Kenya July 20 - Tobacco manufacturer BAT Kenya Plc has posted a Sh2.9 billion net profit for the first half of the year, a 7.4 per cent growth Kenya breaking news | Kenya news today |

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EABL to pay Sh6b debt earlier

The brewer said it will pay the outstanding Sh6 billion corporate bond that it issued six years ago by end of next month.

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Safaricom consortia, MTN eye Ethiopia s 112m market

THE STANDARD BUSINESS NEWS Safaricom is leveraging on a new consortium to make an entry into the vast Ethiopian telecommunications market in a move meant to grow its revenues and market share to a new high. In a statement released on Monday, the Ethiopian Communications Authority (ECA) said Safaricom was one of the members of a consortium that includes Vodacom Group Ltd (South Africa), Vodafone Group Plc (UK), CDC Group Plc (UK) and Sumitomo Corporation (Japan), that submitted bids for a nationwide telecommunication service licence. “We are delighted to have had interest from established telecoms operators from around the world, commensurate with this unprecedented opportunity, including from Africa’s two telecommunications giants MTN and the Vodafone-Vodacom consortium including Kenya’s largest telecoms provider Safaricom,” said Balcha Reba, ECA Director-General.

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