Counties spent 43 per cent of their revenues in 2020/2021 on wages, operations and other personal emoluments, making it another year they breached the set ceiling.
Shares of Kenyan telecommunications operator Safaricom surged more than 9% on Friday after it secured a mobile financial services licence in Ethiopia. Ethiopia’s finance minister, Ahmed Shide, said on Thursday his country had given Safaricom the licence in one of Africa’s largest telecoms markets as the company formally switched on…