Kenya's Safaricom loses market share for fifth straight quarter

REUTERS/Baz Ratner/File Photo

Kenya's biggest telecoms operator Safaricom lost a further percentage point of subscriber market share in the three months to the end of December, its fifth straight quarterly fall, data from the sector regulator showed on Tuesday. The firm, part-owned by South Africa's Vodacom and Britain's Vodafone, lost 0.9 percentage points of market share to 63.3 percent.Safaricom did not comment on the figures ahead of full-year results on May 2.

The company began losing share after opposition leader Raila Odinga called for consumers to boycott Safaricom, accusing it of playing a role in an August 2017 presidential vote whose outcome he successfully challenged in court.

Who brought the indians

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OPINIONISTA: Andile Ramaphosa’s ‘advisory’ work — and whether he could face prosecution for corruptionAndile Ramaphosa, son of President Cyril Ramaphosa, this week admitted that he received R2-million from corruption-linked company Bosasa. He claimed that the payments were made in exchange for ‘advisory’ work done by his company, Blue Crane Capital, on a series of more than 20 government and private contracts in Uganda and Kenya. He initially said these contracts were potentially worth ‘billions’ of rand, but later retracted this claim. This raises the question of whether Andile Ramaphosa could face prosecution for corruption. pierredevos The alternative charge could be Money Laundering as defined in POCA, where money was always destined to 'powerful relative'. Also remembering that benefit (gratification) might be paid to someone else other than the Corruptee (Andile instead of Cyril). LikeFatherlikeSon ANC
Source: dailymaverick - 🏆 3. / 84 Read more »

Kenya’s Safaricom loses market share for fifth straight quarterThe firm, part-owned by SA’s Vodacom has lost market share as opposition leader Raila Odinga called for consumers to boycott it
Source: BDliveSA - 🏆 12. / 63 Read more »

Tesla boom lifts Norway's electric car sales to 58% market shareAlmost 60% of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday.
Source: TimesLIVE - 🏆 28. / 59 Read more »