Business Daily Africa

Safaricom set to earn Sh8bn for managing security system

Telecoms operator Safaricom will earn a Sh2 billion annual fee for its management of the national security communication system, which the government has contracted it to build and operate for a period of five years.

Safaricom plans to spend Sh12 billion on the project that the government will reimburse in phases, a key pitching point that enabled it to win the contract without tendering.

Source: Business Daily Africa

Regulator rules on Safaricom and Airtel bids for yu Friday

Uncertainty continued to dog the proposed buyout of yuMobile on Thursday as Safaricom and Airtel awaited the industry regulator’s response on the fate of their bids by the end of on Friday.

The Communication Authority of Kenya (CAK) refuted claims that it had delayed approving the sale, adding that it was still within the time-frame provided by the Kenya Information and Communication (Licensing and Quality of Service) Regulations, 2010.

Source: Business Daily Africa

Telecoms service providers seek to take over Kenyan Internet domain

A lobby group has offered to guarantee a Kenya specific Internet domain (.ke), which the sector regulator wants to commercialise.

Telecommunications Service Providers of Kenya (Tespok) said that it was capable of sponsoring the Kenya Network Information Centre (Kenic) if the Communications Authority of Kenya (CAK) formerly Communications Commission of Kenya, pulls out.

Source: Business Daily Africa

Tech firm takes business listing hassle off clients

Registering a business has always been a daunting task, especially for those in upcountry since they not only have to travel to Nairobi but at times engage the services of brokers and end up with fake registration certificates.

However, this is set to change with the unveiling of an online business registration system that allows users to either do a name search or register a company through their mobile phones or office computers from any part of the country.

Source: Business Daily Africa

NHIF plans phone platform to grow members, revenue

The National Hospital Insurance Fund (NHIF) is turning to mobile phone users to grow its membership and increase collections from the informal sector.

The healthcare provider is implementing a system that allows new members to register via their handsets and visit the organisation’s offices for card collection only.

The new software will also allow members to pay monthly contributions through all four mobile money transfer services.

Source: Business Daily Africa

Intel Capital courts IT start-ups with eye on future

Intel Capital — the world’s largest venture capital investor in innovative technology — is seeking to acquire stakes in several IT start-ups in Kenya with an eye on long term gains from the highly lucrative business.

The company, the investment arm of Intel Corporation, says it has identified a number of early stage technology enterprises involved in Internet content distribution and e-commerce as well as application development firms that it intends to invest in.

Source: Business Daily Africa

Intel Capital courts IT start-ups with eye on future

Intel Capital — the world’s largest venture capital investor in innovative technology — is seeking to acquire stakes in several IT start-ups in Kenya with an eye on long term gains from the highly lucrative business.

The company, the investment arm of Intel Corporation, says it has identified a number of early stage technology enterprises involved in Internet content distribution and e-commerce as well as application development firms that it intends to invest in.

Source: Business Daily Africa

CCK threatens to revoke Flashcom licence over illegal connection

Telecom operator Flashcom Limited risks losing its licence because of illegal connection of international voice traffic through Safaricom’s network and failure to pay annual operation fees.

In a letter dated May 16, the Communications Commission of Kenya (CCK) has given Flashcom Ltd 45 days to clear its annual licence fees arrears of Sh67 million, a penalty of Sh2 million and submit its quarterly returns. CCK has also suspended the company’s connection agreement with Safaricom.

Source: Business Daily Africa

Kiswahili lovers find rich digital content on new Internet hub

A kilometre into the Indian Ocean from Malindi, Captain John Mwaboza pulls his mobile phone from a pouch dangling from his neck. “Evidence from oral traditions supports the fact that Kiswahili was in existence even before interaction with other cultures,” he reads from his Internet-enabled mobile phone. Tourists give him the thumps up. They then watch a video in Kiswahili by NTV’s Lolani Kalu.

Source: Business Daily Africa

Safaricom takes Airtel to court over Sh0.5 billion debt

Leading mobile network operator Safaricom has moved to court seeking to recover close to half a billion shillings from its rivals for non-payment of termination fees since October together with penalties.

Safaricom is demanding close to half a billion shillings from Airtel and about Sh150 million from Essar for non-payment of termination fees — the amount of money an operator pays rivals if its subscribers call another network — since October.

Source: Business Daily Africa
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