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SMART BUSINESS

Dizzy Maths: Inside The Safaricom Ethiopia Mobile License Deal

According to a document released on 25th May 2021, Safaricom, Kenya’s leading mobile operator,  will own majority (55.7%) shares in the arrangement ahead of a number of companies that partnered to bid for Ethiopia’s telecoms license, giving the firm control of the consortium. The consortium on 22nd May won the licence to enter the new market at a cost of $850 million (Ksh85 billion).

Here Are the 2 New Apps Admitted to CMA’s Regulatory Sandbox

The two firms will test their innovations in a live capital market environment, in compliance with the CMA Regulatory Sandbox Policy Guidance Notes (PGN), in line with the commitment to develop and deepen the capital markets by facilitating the deployment of financial technology (fintech).

Moroccan Firm Acquires Majority Stake In Monarch Insurance

Subject to the requisite regulatory approvals, Holmarcom Insurance Activities will become the majority shareholder of the Monarch Insurance Company with a stake of 51%, along with Kamu Group and Maisha Bank. The companies did not disclose the value of the amount. The Monarch Insurance is a composite insurance company (life and non-life) that has been operating in Kenya for over 40 years.

Consortium Led By Safaricom Wins Ethiopia Mobile Licence

In addition to Safaricom, the partnership includes Vodacom Group, Vodafone Group, Sumitomo Corporation (one of the largest international trading and business investment companies); and CDC Group - the UK’s development finance institution and impact investor. Safaricom Peter Ndegwa, CEO of Safaricom, said the consortium would set up telecommunications networks to deliver a digital lifestyle in Ethiopia.

Exposed: Lipa na M-Pesa Trick Being Used to Con Businesses

It should be important to business owners to empower their workers with the ability to properly use digital tools available to them, to grow the bottom line as well as innovation.

Eutelsat Expands Express Wi-Fi Across Rural Africa in Partnership With Facebook

With Express Wi-Fi, Eutelsat aims to connect thousands of people in rural and underserved communities spanning Democratic Republic of Congo (DRC), Nigeria, Côte d'Ivoire, Tanzania, Uganda, Zambia, Kenya, Madagascar, South Africa, Cameroon, Ghana and Zimbabwe.

4 Steps for a Successful Cloud Migration

Start by defining the purpose for migration by evaluating your requirements and use cases for cloud. Know your workload priorities: are you going to move in phases, starting with the least critical workloads? Or is a new technology or your competition making migration a matter of urgency? It’s important to know what your plan is, why you’re doing it, and how you’re going to get there.

Uber: Nairobi Most Forgetful City, Headphones and Speakers Most Forgotten Items

The index offers insights including the most forgotten items, which cities have been most forgetful, which times of day and days of the week riders forget items most, and information on how to get your lost items back using the Uber app.
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