Browsing All Posts published on »June, 2011«

Billionaire farmer buys Stanchart Bulding on Moi Avenue

June 21, 2011

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The family of the late billionaire poultry farmer Nelson Muguku finally beat others in the bid to buy the Standard Chartered Building along Moi Avenue. The family sold a substantial stake of the man’s shares in Equity Bank to purchase the building last year. The share sale is estimated to have earned the farmer’s family […]

Is Dr Kidero planning an exit from Mumias?

June 15, 2011

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Mumias Sugar Company managing director Dr Evans Kidero could be on his way out of the firm. Dr Kidero, who has been the head honcho of the miller is said to be considering not renewing his tenure although the company is yet to confirm. Bizextras has learnt that Dr Kidero has already put in place […]

SAFARICOM AND TELKOM KENYA LTD TO FORM TOWER SHARE FIRM

June 13, 2011

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Key Initiative Meant to Manage Opex and Underpin Sustainability Nairobi, June 13, 2011… Safaricom and Telkom Kenya Ltd have announced plans to form a jointly owned tower management company. In a regional first, the two companies indicated that they were in advanced negotiations, expected to be concluded in the next three months, towards the formation […]

Price wars eat into Safaricom market-CCK report

June 7, 2011

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Quarterly statistics from the Communications Commission of Kenya between October and December 2010 are out. The figures indicate a realignment of subscriber base for mobile telephone service operators with figures indicating Orange registering nearly one million users on its network. Leading operator Safaricom seems to have taken a heat from competition with its subscription numbers […]