Safaricom seeks 'critical infrastructure' status for fiber network to save 500 million shillings annually
Safaricom is lobbying for its fiber optic network to be designated as critical infrastructure under Kenya’s 2024 bill, aiming to save 500 million shillings annually by reducing damages and service disruptions.
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Safaricom, led by Peter Ndegwa, seeks approval for Kenya’s first telco-owned submarine cable
The Nairobi-based telco company has applied to the Communications Authority of Kenya (CA) for a Submarine Cable Landing Rights Licence.
Safaricom plans to insure millions of mobile users to increase revenue
Safaricom’s entry into mobile phone insurance is part of its ongoing efforts to expand financial services across East Africa.
Safaricom receives approval to launch new investment scheme
This move is part of a broader strategy to expand its financial services outfit and foster greater financial inclusion across the country.
Safaricom suspends advertising on Nation Media Group platforms amid critical coverage
Kenya's largest telecom halts ads on major publications following critical reports on data privacy practices.
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Moroccan billionaire Anas Sefrioui loses $160 million in 19 days
The dip highlights the challenges investors face amid global economic uncertainty and market conditions.
JP Morgan buys $30 million in new shares of Mpumi Madisa-led Bidvest
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Samih Sawiris to perform at Cairo Opera House for Gaza refugee support
Egyptian billionaire Samih Sawiris will perform at the Cairo Opera House on May 7, 2025, to raise funds for Gaza’s displaced refugees.