Kenya orders foreign-owned ICT firms to sell 30% stake to locals by 2024

KENYA – Foreign-owned information and communication technology (ICT) firms in Kenya have been given a deadline of up to 2024 to ensure they have a 30% ownership by the locals. The East African nation’s ICT Cabinet Secretary, Joe Mucheru, has given these foreign firms a deadline of March 2024 to comply. The notice said the Government encourages Kenyans to participate in the ICT sector through a policy that will require 30% local ownership of all foreign-owned ICT firms, either through local firms or individual Kenyans. An already existing foreign ICT…

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Online payment services firm Jambo Pay gets greenlight to offer mobile phone services

KENYA -Jambo Pay, an online payments services company, has obtained a license to operate a virtual mobile phone service in Kenya, intensifying competition in the telco sector dominated by market leader Safaricom. Jambo Pay parent firm, Web Tribe Limited revealed it has been awarded a mobile virtual network operator (MVNO) licence by the telecoms regulator Communications Authority of Kenya (CA) effectively allowing it to lease spectrum from mobile network operators and roll out mobile services. Following the nod, the firm which has previously focused on online payment services, said it…

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Chinese tech company vivo launches V20 phone model in Kenya

KENYA – Technology giant vivo has unveiled its latest premium phone device, the vivo V20, in the Kenyan market, increasing competition in the country’s smartphones market.  The newly launched camera-oriented device which comes with a 44MP Eye Autofocus front camera uses advanced AI algorithms to focus on moving subjects for clear selfies and targets the growing numbers of young technology consumers in the country. According to the latest data from the Communications Authority of Kenya, as of June 30, 2020, the number of mobile subscriptions stood at 57.0 million, an…

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Telkom Kenya to retain name for ICT unit after Airtel merger

KENYA – Telkom Kenya could still retain its brand name for its ICT business even after the merger with Airtel Kenya, a regulatory notice by the Communication Authority of Kenya (CA) has revealed. The two telecommunications firms have sought the Authority’s approval to merge their mobile, enterprise and carrier services to form a single joint venture company. If the deal is approved, Telkom Kenya will transfer its mobile, enterprise and carrier business to Airtel Networks Limited in exchange for a shareholding in Airtel Networks Kenya. However, Airtel has a larger…

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