Safaricom, Kenya’s leading telecoms operator, has paid Vodafone nearly Sh2 billion from M-Pesa in the form of licence fees as provided for under an agreement that the two companies signed before the launch of the mobile money platform five years ago.

The Big Story

M-Pesa pact earns Vodafone Sh2bn in licence payments

Posted 8 hours ago

A revenue sharing pact that Safaricom signed with its parent company, Vodafone, has earned the UK firm nearly Sh2 billion from M-Pesa, the money transfer service....

comment

Politics and policy

Central Bank of Kenya governor Njuguna Ndung’u (left) and the director of the currency department, Mr James Teko Lopoyetum, when they appeared before the Public Accounts Committee on May 16, 2012. CBK says it was opposed to cancellation of the 2006 De La Rue currency printing tender. Photo/Salaton Njau

CBK blames Kimunya in currency saga

Posted 8 hours ago

Former Finance minister Amos Kimunya invoked a Cabinet decision to have the Central Bank of Kenya (CBK) cancel a money printing...

comment

Corporate News

Youths arrive at a forum on food security held at Pan Africa Hotel in Nairobi in April. Kenya needs to provide “strategic subsidies” to farmers as well as woo young people to take up agribusiness, UN report says. Photo/File

Youths hold key to food security, UN report tells Kenya

Posted 8 hours ago

Kenya needs to provide “strategic subsidies” to farmers as well as woo young people to take up agribusiness for it to attain...

comment

Corporate News

A worker scoops coffee beans at Kiandu factory in Tetu, Nyeri. Shifting weather patterns signal reduced output for Kenya’s coffee and tea growers. Photo/Joseph Kanyi

Climate change brews up trouble for coffee

Posted 8 hours ago

As the world grapples with climate change, Kenya coffee and tea farmers are being forced to wake up to the reality of these new...

comment

This is some default tab content, embedded directly inside this space and not via Ajax. It can be shown when no tabs are automatically selected, or associated with a certain tab, in this case, the first tab.