Browsing: Telecommunications

The election of South Africa and other countries, on Monday, October 3, 2022, into different regional groups that constitute ITU Council was the highpoint of the Plenipotentiary Conference 2022 (PP-22) ongoing in Bucharest, the capital city of the Republic of Romania.

The seats in ITU Council are divided into five regions, A to E. South Africa was elected into the ITU Council Region D for Africa, which has 13 seats. The other 12 countries elected alongside South Africa are Algeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Rwanda, Senegal, Nigeria, Tanzania, Tunisia, and Uganda.

Elections of member states also took place into Region A for The Americas (nine seats); Region B for Western Europe (eight seats); Region C for Eastern Europe & Northern Asia (five seats); and Region E, for Asia and Australasia with 13 seats as Africa.

The 21st Plenipotentiary Conference of the Council, also saw the election by member states, …

Airtel Network Kenya, the second biggest telecommunications network, saw shareholder loans from its holding firm, Bharti Airtel Kenya BV, rise by 12.01 per cent from sh46.6 million in 2020 to sh52.2 million in the year ending December 2020.

The causes of the financial losses have been additional lending, forex losses as the shilling depreciate, and postponement in paying interests.
Capitalization interest due to being paid stands at Sh1.34 billion, which has disrupted cash flow in the firm.

Airtel Kenya said that the issued shareholder funds, revenue generated from its operations, and borrowing from external lenders had kept the company afloat.…