Airtel Africa says it has closed the first transaction sell of its tower assets in Tanzania for $176.1 million to a joint venture company. The JV is majority-owned by a subsidiary of SBA Communications Corporation and UK-based Paradigm Infrastructure Limited which owns the minority shares. Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa. It said around $60m from the proceeds will be used to invest in network and sales infrastructure in Tanzania and for distribution to the Government. “The…
Author: David Indeje
David Indeje
David Indeje is the Community Engagement Editor at Khusoko, East Africa’s leading digital business news platform. He shapes editorial content, drives audience engagement, and amplifies diverse voices. Beyond journalism, he consults on digital strategy across agriculture, governance, technology, and health, while examining AI’s role in the future of media. He also serves as Communications Officer at KICTANet, advancing digital inclusion and policy dialogue.
The Central Bank of Kenya (CBK) collected KSh 27,428.16 Million from the re-opened five-year (FXD1/2020/5) Treasury Bond Issue representing a 94.6 per cent subscription rate. The CBK on behalf of the National Treasury had targeted KSh 30,000.00 Million. This was the first tranche done in January with CBK set to announce results for the re-opened 10 years (FXD2/2018/10) and 20 year Treasury Bonds ( FXD1/2018/20) Auctions on January 20th, 2022 seeking to raise Ksh 60 billion for budgetary support. From the FXD1/2020/5 auction, Competitive Bids were worth KSh 26,862.19 Million while Non-Competitive Bids amounted to KSh 565.97 Million. The weighted…
In 2012, Woolworths, the property owner, sued Nakumatt after Concord Insurance, with whom they had insured the building against fire, declined to pay for the damage.
Kenya has signed six trade agreements with China with a commitment to deepen bilateral relations and cooperation. “The six trade agreements signed on Thursday between Kenya and China will improve trade and deepen relations and collaboration between our two countries. Kenya seeks to increase agricultural exports to China to address the trade imbalance between the two countries,” Kenya’s Foreign Affairs Cabinet Secretary Raychelle Omamo said. “The establishment of a working group to look into the issues of tariff and Non-Trade Barriers will see the two countries increase intra-trade.” She spoke during a bilateral meeting with China’s Foreign Minister Wang Yi…
mPharma, a technology-driven health care company has raised $35 million to build a chain of community pharmacies across Africa. Co-founder and CEO Gregory Rockson said the funding will be used to construct the startup’s data infrastructure, triple its staff by 2025 and support expansion. “We are hiring over 100 engineers to build all our technology in-house and this includes a massive data infrastructure we are creating,” Rockson said. “We are also investing in other skilled talents like doctors and nurses, professionals that are critical in the work we do.” Bloom, the company’s pharmacy management software, will allow mPharma to create…
Kakuzi Plc is a dually listed company trading on both the Nairobi and the London Stock Exchange.