Safaricom

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Over 5,000 members of Safaricom Investment Cooperative (SIC) risk losing Sh2 billion due to poor management. A special audit revealed much of the purchased land is fake or unsellable. The annual general meeting was postponed as the firm expects its first loss in five years.

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Telecommunications firm Safaricom has cut data amounts in some bundles by nearly half, raising costs for the same data volume. Customers began noticing these changes late last week. A company official attributed the adjustments to a new dynamic pricing system.

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