Connect with us

BUSINESS

Raila moves to Airtel as boycott picks up

The NASA leader, who was accompanied by a section of NASA MPs, bought an Airtel subscriber’s card at a store along Koinange Street in Nairobi

Published

on

NASA leader Raila Odinga has migrated from Safaricom to Airtel as the economic boycott targeting three companies announced last Friday gained momentum.

Raila, who was accompanied by a section of NASA MPs, bought an Airtel subscriber’s card at a store along Koinange Street in Nairobi. Scores of NASA supporters have been switching to Airtel since Friday’s announcement, even as the Safaricom Dealers Association and analysts warned of the inherent dangers of the move that also targets Brookside Dairy and Bidco.

On Friday, MPs affiliated to the Opposition formation asked its supporters to boycott products of the three firms, accusing them of allegedly providing solid backing for the Jubilee regime and a platform for the rigging of elections.

They said names of more companies will be released in due course.  Ugunja MP Opiyo Wandayi said: “We will release the list of companies in time because there is no price that is too high to pay for a country to go back to its democratic state.

“Kenyans are tired of the culture of electoral theft entrenched by the Jubilee administration.”

READ: Standard Group profit shrinks 25%

Since the August 8 elections, Raila has been accusing Safaricom of routing results from polling stations in regions it had been assigned to France in connivance with ICT solutions provider, OT-Morpho, which the telco denies.

Monday, Safaricom’s share price on the Nairobi Securities Exchange traded at Ksh 25 compared to Friday’s price of Ksh 25.50.

Though Safaricom is yet to comment on the latest developments, the Director of Strategy and Innovation Joe Ogutu, who was speaking during the release of half year results, said  political events of the last few months have triggered the largest decline in the stock market in Africa over the last year.

On the other hand, Airtel is planning to launch a promo targeting new subscribers in a move that directly targets the defecting Safaricom customers.

READ: Airtel hits at Safaricom with boycott promo

 

Nokia 8 - Share Both sides of the story.

Business Today is the leading independent online business website in Kenya. Started in 2012 by a veteran business journalist, it has a huge following both in Kenya and abroad. It covers various business and related issues. Email editor at: [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News Updates

NEWS7 hours ago

5 simple tricks Gordon Ogada used to win Sh230m mega jackpot

Gordon Paul Ogada, the guy from Kibera who won the SportPesa Mega Jackpot worth Ksh230,742,881 two weeks ago, is has...

Economy8 hours ago

Drivers to pay Sh5,000 for refresher course

NTSA will also subject the drivers to medical tests on conditions that my affect their daily duties in the road

Health10 hours ago

Govt partners with Johnson & Johnson on cancer control

The National Cancer Control Strategy 2017-2022 is geared at reducing cancer incidences, morbidity and mortality in Kenya

Disruptors1 day ago

Six-year-old boy creates high-tech computer game

EthanMan app is available for downloads on android play store for kids to read books and play games

NEWS1 day ago

Miguna makes fresh demand on passport

Judge Kimaru said the removal of Miguna Miguna from Kenya on February 6th was illegal and had no merit in...

Economy1 day ago

Citizens to get Sh30,000 bonus as economy grows

Singapore expects an overall budget surplus equivalent to 2.1 percent of its GDP

NEWS1 day ago

Gold worth Sh100 million found at JKIA

The gold is alleged to have been in the custody of a 46-year-old Tanzanian man

NEWS2 days ago

Water crisis hits major towns as rivers dry up

Athi Water Services Board, which manages water resources in various urban areas, notes 75% of Nairobi residents do not get...

Health2 days ago

Ebola scare after a student dies in Keiyo South

County executive says they have already communicated with the ministry of Health headquarters and a sample sent to the Kenya...

Economy2 days ago

Analysts identify key economic drivers

Among others, growth will be bolstered by a rebound in both public and private investments, says Genghis Capital

Advertisement



Trending