PRESS REVIEW | Today’s top stories

Welcome to the press review, where we bring you the day’s top stories from various sources.

Whether you are interested in news, politics, business or sports, we have something for you. Read on and find out what’s happening.

Catch up with more at https://epaper.nation.africa/ke

Safaricom reports 22.2% profit decline in FY ended March 2023

Safaricom PLC, the leading telecommunications company in Kenya, has announced a 22.2% decline in profits after tax for the financial year ended March 2023.

The company’s PAT closed at KES 52.48 billion, a drop from KES 67.49 billion in the same period last year.

According to Dilip Pal, Safaricom’s CFO, service revenue for the year ended March 2023 was KES 297.2 billion, reflecting a 5.72% year-on-year increase.

The company recently acquired a mobile money services license in Ethiopia for $150 million, signalling its entry into the Ethiopian market.

Kilifi governor dissolves Malindi Municipality board

Kilifi Governor Gideon Mung’aro has dissolved the Malindi Municipality board after an outcry from members of the public over uncollected garbage and mushrooming of illegal dumpsites in the tourist resort towns of Malindi and Watamu.

The uncollected garbage which has lasted more than three months, has become an eyesore in the two towns with residents complaining of the emergence of infectious diseases.

Amina Shali told journalists at one of the illegal dumpsites that her tenants had vacated her rental premises due to the stench from the garbage outside her home.

Safaricom gets nod to operate mobile money service in Ethiopia

Safaricom Ethiopia has secured a license from the Ethiopian government to operate mobile money services. The telecommunication firm intends to create a new entity, Safaricom ET MFS, to provide financial services under the MPESA brand.

Safaricom’s CEO, Peter Ndegwa, confirmed the license approval and expressed enthusiasm for the upcoming launch of MPESA in Ethiopia.

He added that Safaricom Ethiopia had already amassed 2.1 million active customers within a three-month period.

This development marks Safaricom’s entry into the Ethiopian market, which presents significant growth opportunities for the company.

Pokot leaders embark on peacebuilding mission to quell down rising tension

West Pokot leaders have initiated a peace-building initiative to alleviate the growing tension along the county borders with neighbouring communities. The move follows a verbal spat between leaders from West Pokot and Turkana counties over the boundary dispute after the government established a security camp at Parkoyo near Lami Nyeusi area.

Members of the West Pokot County Assembly have urged the region’s residents to disregard any incitements from a particular faction and have called for the arrest of Turkana Governor Jeremiah Lomurkai over comments he made on Monday regarding the ownership of Lami Nyeusi area, which he claimed is in Turkana County.






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