Safaricom out to link 2,000 more homes with fibre optic cable Safaricom is seeking to connect 2,000 more homes to its fibre optic network by the end of the year in a bid to reduce reliance on voice business as a profit driver. Jamii Telecom’s Jamii…

Co-op Bank sees Sh1.8bn boost after McKinsey reforms The Co-operative Bank estimates that it will get a Sh1.8 billion profit boost from cost savings and operating efficiencies resulting from last year’s restructuring that led to 160 staff layoffs. Co-op Bank says the restructuring process which it completed in December at…

Kenya’s Transcentury swings into 2.11 bln shillings loss in 2014 Transcentury reported on Friday a pretax loss of 2.11 billion shillings ($22.42 million) for 2014, after posting a 859 million shillings profit the previous year. It blamed the loss on a 36 percent drop in revenue from its engineering…