Kenya: Telkom Kenya loses 1.6m customers
Telkom Kenya, the third-largest telecom company in the country, has seen a decline of 1.62 million subscribers this year due to a crackdown on improperly registered SIM cards.
Official data analysis reveals that Telkom had 2.25 million active subscribers, marking a 39% decrease from the 4.14 million subscribers in March the previous year.
The Communications Authority of Kenya (CA) commenced deactivating SIM cards with irregular registrations in April of the previous year, continuing a periodic process.
While Safaricom and Airtel saw their active SIM card numbers grow by a combined 2.83 million, bringing the total active customer count to 66.43 million from 64.96 million, the crackdown on irregular registrations slowed down new subscriptions.
Related Posts
South Africa: Lula secures over $21m to boost SME funding
South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…
ByIfeyinwa Osime appointed Chair of Access Bank board
Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…
Simba Group, LAPO to enhance asset financing for mobility entrepreneurs
Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…
Nedbank plans 66% acquisition of NCBA Group
South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…
Olayinka Mubarak leads BOI Investment & Trust Company
The Bank of Industry (BOI) has announced the appointment of Olayinka Mubarak as the Managing Director of BOI…
FNB Foundation,PEP to enhance education readiness
First National Bank Botswana, through its FNB Foundation, has signed a Memorandum of Understanding (MoU) with retail giant…
Standard Chartered tops Ghana banking customer experience rankings
Standard Chartered Bank Ghana has once again secured its position as the leading provider of customer service in…
PAC Holdings appoints Nentok Gomwalk Group Executive Director
PanAfrican Capital Holdings Limited (PAC Holdings) has appointed Nentok Gomwalk as Group Executive Director (GED). Gomwalk’s was formerly…
ARM launches N200bn Financing for SMEs
ARM Investment Managers has launched a N200 billion Private Debt Fund targeted at providing long term financial aid for Nigeria’s small…
Gallery
