Vodafone Kenya Ltd has announced plans to acquire additional 15 percent stake in giant telecommunications company Safaricom. In a notice, the firm however says it will not initiate a takeover of Safaricom, despite holding 55 percent shareholding of the telco. The additional shares will be acquired from the government of Kenya. “The GOK and the general public investors will retain approximately 20 percent and 25 percent of Safaricom’s shareholding, respectively. The GOK Share Acquisition and the Vodafone Kenya Acquisition are inter-conditional shareholder to shareholder transactions,” the notice reads in part. At a cost of Ksh34 per share, the acquisition is…
Author: MSN Reporter
Criminal gangs in Kenya are taking the center stage across counties, a report by the Interior Ministry reveals. Compiled under the Jukwaa La Usalama framework, the government says most of the gangs are relatively new and armophous but used mostly during elections. ’’These gangs pose a challenge to law and order and impede economic activities,” reads the report that was presented to President William Ruto on Tuesday. Nairobi leads the list of gangland with an estimated 130 groups recorded. Counties on the security radar for gangs include Kakamega, Bungoma, Busia, Vihiga, Kisumu, Homa Bay, and Trans Nzoia. Others are Mombasa,…
Listed telco giant Safaricom launched a Sh40 billion Medium-Term Note (MTN) Programme, on the 25th November with an invitation to the public to invest. Expected to close on Friday 5th, December 2025, Safaricom says the funds will be used in one of its most significant infrastructure upgrades in years. The move comes as the telco giant grapples with a soaring energy bill, now averaging Ksh5B monthly, to power its nationwide network of 7,000 base stations, commonly referred to as boosters. The funds raised from this issuance will help the company modernise these sites with more efficient and reliable energy systems…
The International Institute for Management Development (IMD) has ranked Kenya a top competitive economy in the continent. The ranking, the institute says is a reflection of structural changes, modernizations and police executions initiated by Nairobi. “These actions have produced tangible outcomes that IMD recognizes as central to competitiveness,” the institute notes. The ranking, has heavily been hinged on macroeconomic stability and infrastructural developments in the transport and energy sectors. Regulatory reforms and digitization of government services also gave Kenya an edge in the rankings. The institute however says that despite scoring better than its peers in the continent, Kenya still…
Opposition parties in Kenya are mulling going to court over the hotly contested Thursday by elections. According to several sources, under the banner of the united opposition, DCP, DAP-K, Wiper Patriotic Front among others claim the vote was full of malpractice. The opposition was not successful in the six constituency and one county polls save for four member of county assembly posts they clinched. The polls however has given President William Ruto and his broad-based formation a boost after the UDA party and its partner in government ODM party swept the seats. “This is just a warning shot to our…
Three African startups have been awarded $15,000 at the inaugural Verto Awards 2025, celebrating high-impact ventures in use of technology in agriculture, health and climate issues. Grofunder Africa Ltd, a peer-to-peer agri-financing platform, won the top prize of $10,000 for expanding financial access for smallholder farmers. Train Your Brain (TYB), a digital mental health platform, took the 1st Runner-Up spot with $3,000, while Green Voyage, a climate-tech company enabling carbon offset management, earned $2,000 as 2nd Runner-Up. The competition drew applicants from Kenya, Nigeria, and South Africa, with judges recognising the finalists for innovation, scalability, and social impact. Verto CEO…
Global travel is to be disrupted following an announcement by Airbus on major software change on a significant number of Airbus A320 jets. Airbus said in a statement a recent incident involving an A320-family aircraft had revealed that intense solar radiation may corrupt data critical to the functioning of flight controls. Reuters News Agency reports. “The bulletin seen by Reuters traced the problem to a flight system called ELAC (Elevator and Aileron Computer), which sends commands from the pilot’s side-stick to elevators at the rear. These in turn control the aircraft’s pitch or nose angle.” The news agency noted. There…
Kenya has finally broken ground for the expansion of the 175KM Nairobi-Nakuru-Mau Summit road that it has dubbed as the gateway to prosperity. The highway linking western Kenya towns of Kisumu and Eldoret is a key travelers and cargo corridor will be expanded to a multi-lane dual carriageway. ”It has been designed and will be financed, expanded, operated and maintained through a world class Public Private Partnership Model,” said President William Ruto at the ground breaking ceremony. The Ksh170B project will also include the Nairobi-Mai Mahiu-Naivasha road famed for cargo transport to western Kenya. ’’For too long, the corridor carried…
President William Ruto’s United Democratic Alliance (UDA) party and its partner in the broad-based government Orange Democratic Movement (ODM) party swept the Thursday by elections. In the hotly contested Mbeere North and Malava constituencies, the president’s party emerged top securing slim wins against rivals under the United Opposition banner. UDA’a Leonard Wamuthende secured the Mbeere North seat securing 15,8o2 votes against his closest challenger Newton Kariuki of Democratic Party who garnered 15,308 votes. In Malava, UDA’s David Indakwa beat DAP-K’s Seth Panyako by 21,564 votes to 20,210 to secure the seat. ODM on the other hand sailed smoothly in Kasipul,…
Kenya’s national carrier Kenya Airways has issued a profit warning for its financial period ending December 31st, 2025. The carrier in a statement noted that its earnings will be lower by at least 25 percent, than the earnings reported for the same period last year. The earnings KQ says is despite a rebound in the global aviation industry that is supported by growing passenger numbers. ”The sector has faced notable headwinds, including engine availability challenges, persistence spare parts global supply chain constraints as well as aircraft shortages in the market,” it said in a statement to shareholders. The airline added…