LG Electronics (LG) has reported a double-digit growth in its operating profit for the second quarter of 2024, driven by increased sales in home appliances and vehicle components. The company said both its revenues and [c]
Cloud architecture and capability are transforming the application development process and giving companies increased flexibility alongside a solid competitive advantage The global cloud application market is anticipated to reach $365 billion by 2025 with a [c]
MultiChoice Group demonstrated resilient operational performance for the year ended March 2024 (FY24), delivering a 26% trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48%, despite very [c]
Safaricom has announced a Kshs 139.9 billion in its earnings before interest and tax in the period ending March 31, 2024. At group level, incorporating the startup costs and investments in Safaricom Ethiopia, the group [c]
The recorded music market in sub-Saharan Africa (SSA) grew by 24.7% in 2023, according to IFPI, the organisation that represents the recorded music industry worldwide. Latest figures released this week in IFPI’s Global Music Report [c]
Mdundo.com in partnership with Safaricom, has unveiled a new subscription service that will enable Kenyans to access DJ Mixes at Kshs 5 per day. The service also aims at improving monetization of music among artists [c]
Despite facing economic shocks and declines from some key indicators, the Kenya Revenue Authority (KRA) has hit the one trillion mark after collecting Kshs 1.030 trillion as at December 8, 2023 in taxes. The Authority [c]
Subscribers may be adopting the use of over-the-top platforms (like Whatsapp) for calls but traditional voice calls via mobile phones still remain the dominant avenue for revenue generation for the country’s operators. As per the [c]
Seiko Epson Corporation has established a new sales company, Epson Middle East [EME], reflecting the tremendous potential to accelerate expansion in key markets including Africa, Caucasus, Central Asia, the Middle East, Moldova, Türkiye, and Ukraine, [c]
Ten more counties have taken up MyCounty app, an all-in-one app experience for all county services that empowers citizens to seamlessly pay for county government services and engage county leadership. MyCounty App was first launched [c]
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an aggressive expansion of foreign subsidiaries. KCB’s total assets stood at Kshs 1.55 trillion in the year [c]
Safaricom Telecommunications Ethiopia has been granted the license to operate mobile money services in Ethiopia. The licence comes seven months after the telco launched its commercial GSM services in the country. The M-PESA license will [c]
The company also recorded Kshs 2.08 trillion in total revenue being the second-highest first-quarter revenue in the company’s history. The LG Home Appliance & Air Solution business unit recorded the highest revenues of Kshs 819.04 billion with an operating profit of Kshs 104.17 billion. [c]
The recorded music market in sub-Saharan Africa (SSA) grew by 34.7% in 2022 according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released today in IFPI’s Global Music Report confirm SSA [c]
Global smartphone market declined by 18% YoY to reach 304 million units in fourth quarter of 2022. Apple replaced Samsung as the top smartphone player in fourth quarter of 2022, driven by launch of iPhone 14 series. The 2022 global shipments declined by 12% to 1.2 billion units, the lowest since 2013. Global smartphone revenue declined by 9% to $409 billion, the lowest since 2017. [c]
LG Electronics (LG) CEO William Cho, emphasized that the company will continue to strengthen its business operations in East Africa, as part of its drive to grow sales and revenues in emerging markets. This comes [c]
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