Telecommunications: From Nation 7/22/2005: Safaricom is seeking an international gateway licence from the Communication Commission of Kenya, “which, if granted, will see a significant reduction in international calling charges”, says CEO Michael Joseph. And he hopes the CCK will speed up the processing of the licence for the benefit of the subscribers. Responding to a query, Joseph says his company’s tariffs “are not exploitative and have actually been designed to be as competitive as possible”.
Shareholder services: The Kenya Airways 2005 AGM will be held on August 12 at Bomas. But the company’s share registrars, Barclays Advisory Services, are proving to be somewhat inefficient which is understandable given that they are servicing over 86,000 KQ shareholders. It takes forever to immobilize the airline’s shares, and it’s proving to almost impossible to change an address – I think I have given them my Nairobi address three times, and my mail, including the invitation for this years AGM, and possible dividend, are still being sent upcountry.
Also, Metro FM (101.9 Nairobi) will become a reggae station from August 1. It currently does R&B and soft pop.