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Business news highlights

safaricom plc

Safaricom sets up first data centre in Ethiopia

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Business Daily | by Tesfa-Alem Tekle Safaricom has unveiled its first China-assembled data centre in Addis Ababa as it gears up to launch its commercial...

Research shows SMEs are losing revenue due to poor branding

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The Standard | by Dominic Omondi Small businesses are losing a third of their revenue due to poor branding, a new survey shows. The survey by...
kq, kenya airways, national aviation management bill

Airlines see revival signs as Covid restrictions ease

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Business Daily | by Gerald Andae Airlines are staring at good times ahead as more countries are now relaxing the Covid-19 containment measures that nearly...
budget, treasury, public borrowing

MarketForce raises $40 million Series A for merchant stock financing

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Tech Crunch | MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant...
kenya power electricity lines

Union threatens strike over Kenya Power sack plan

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The Standard | by Macharia Kamau The Kenya Electrical Trades and Allied Workers’ Union (Ketawu) has threatened to go on strike unless Kenya Power abandons plans...
mombasa port

60pc of Kenya’s exports used to buy China goods

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Business Daily | by Charles Mwaniki Kenya spent 60 percent of its export earnings on China-made goods, cementing Beijing’s dominant position in the country’s economy. Imports...
5g connectivity, network connectivity, communications mast

Telcos get reprieve from fraudulent foreign calls

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Business Daily | by Victor Juma A tribunal has upheld the ban on secret international calls disguised as local conversations, sealing a loophole that was...
equity bank group holdings

Ethiopia to drop restrictions on KCB, Equity Bank

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Business Daily | by Brian Ngugi Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door...