Africa: Safaricom to bring M-Pesa to Ethiopia

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Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular mobile money service firm M-Pesa to East Africa’s biggest market in terms of population. Ethiopia’s population is 100m people, with the majority being youngsters under the age of 30. According to the report by Reuters, Safaricom, which is owned by Britain’s Vodafone, will license the use of […]

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Aviation: Plans to sell Kenya Airways gets investors interest

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Kenya Airways, the national carrier in East Africa’s biggest economy, is in talks with three investors over plans to sell a stake in the loss-making airline and raise cash for its operations. The airlines needs about $600 million in new debt and equity funds to finance its operations, months after it posted a record net loss of $258 million (Sh […]

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Aviation: Kenya Airways appoints new Chairman of Board

A new Chairman of the Board has been named at Kenya Airways, and not in the usual fashion. In an unusual move, given the strict requirements of the Nairobi Stock Exchange and related bodies about key changes at listed companies, an announcement was launched ahead of a Kenya Airways Board Meeting which will first need to record the retirement of […]

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