Executives of telecoms company @AIRTEL_KE have launched a fight against contempt of court charges which put them at risk of fines or jail terms after the mobile operator was sucked into a dispute between the State and betting firm, @SportPesa - @BD_Africa
The mobile operator is seeking protection against a contempt suit filed by the betting firm which has accused it of failing to unblock gaming pay bill accounts and short codes used by its partner Milestones Games Limited despite a court order to do so.
The dispute kicked off last year after the State-run Betting Control and Licensing Board stopped Milestone from operating under the popular @SportPesa gaming brand, saying the trade name had been appropriated from its rightful owner Pevans East Africa Limited.
The regulator also prohibited Milstones from using the short codes 29050 and 79079, pay bill numbers 521521, 9555700 and 955700.
Milestone challenged the decision and on December 3, 2020 obtained a court order allowing it to continue operating.
BCLB officials and @AIRTEL_KE however, refused reactivate the short codes and paybill numbers—prompting the betting firm to return to court to press for contempt charges.
Airtel in its defence, however, said as a regulated entity it had an obligation to comply with directives of the regulator, unless served with a court order suspending the directive.
Airtel’s legal manager, Lillian Mugo, revealed that on November 3, 2020, @CA_Kenya and BCLB wrote to the mobile phone operator, directing it to terminate the USSD codes and pay bill numbers issued to Pevans due to compliance issues pending conclusion of investigations.
The mobile operator said the deactivated short codes and paybill numbers were issued to Pevans and could not be transferred to Milestone.
That in compliance with the said directive, Airtel did suspend all its services as offered to Pevans Ltd which included the contracts, short codes/USSD codes and paybill numbers in favour of Pevans Ltd, which suspension still stands to date.
The CA, she said, also told Airtel to desist from reactivating the short codes and the paybill numbers earlier assigned to Pevans, until advised to do so.
Milestone moved to court seeking to have BCLB chairman Cyrus Maina and six other board members jailed for contempt of court. The betting company also wanted Airtel, Safaricom and CA officials jailed for contempt.
The retailer, which is now on its deathbed after suffering uncontrolled financial hemorrhage, had eyes and ears everywhere. It used the intelligence gathered to grow into East Africa’s biggest supermarket chain.
When it was second only to Nakumatt in size and revenue, @TuskysOfficial hired spies to gather intelligence on its rival, and was willing to splash the cash to become the bigger of the two elephants.
MPs committed to enact a law that will compel @CBKKenya to regulate monthly interest rates charged by digital mobile lenders and borrowers’ non-performing loans in honour of fallen Bonchari MP Oroo Oyioka. - @BD_Africa
MPs eulogised Mr Oyioka and the late Garissa Senator Yusuf Haji as devoted legislators who passionately articulated issues of concern without fear. Both Mr Oyioka and Senator Haji died on Monday. Mr Haji chaired the #BBINonsense prior to his death.
Mr Oyioka had sponsored the Central Bank of Kenya (Amendment) Bill, 2020 that is before Parliament for debate.
It is often said that the greatest wealth and the strength of any nation lies in its youth. This means that the youth not only shape the trajectory of a nation’s economy, they are also central to achievement of the United Nations’ SDGs. - Kasimu @SafaricomPLC HR
Data from the World Bank indicates that Kenya has the highest rate of youth unemployment in East Africa – with 17% of all young people eligible for work lacking jobs.
If we are to secure the future of the country, there is an urgent need to address the risk that the current acute unemployment situation presents.
Kenya will take new loans to repay the Eurobond when they fall due as part of its debt management strategy to reduce pressure on principal repayments. - @NationAfrica
.@KeTreasury has a solid plan to deal with Eurobond loans, which started maturing last year, all the way to 2024.
This means that Kenya will be back in the international markets soon, seeking new loans to repay the old ones, in what will see the loan refinanced in perpetuity, with the taxpayer only paying the interest.
Conservationists have raised the alarm over the electrocution of giraffes and raptors at the Soysambu Conservancy in Nakuru County. - @NationAfrica
In two years, at least 11 giraffes and dozens of birds of prey have been electrocuted at the conservancy by sagging @KenyaPower cables.
Ms Kerry Outram, conservationist within the conservancy, on Sunday said giraffes and birds have been dying from electrocution since 2019 when the power lines were installed.
Flora Mutahi is not your everyday captain of industry. She is the Chief Executive Officer and founder of @melvinsteas, one of the first companies in the region to venture into the flavoured tea industry. - @MaudhuiHouse
The accountant by training says that growing up, everyone thought she should pursue the highly regarded professions such as a doctor or a nurse.
In the ’90s, she says, venturing into business was seen as a path for people who were simply incapable of pursuing other lucrative careers. Mutahi’s interest in business would later see her pursue an executive MBA from the University of Cape Town, South Africa.