Africa’s mobile-money sector remains the most active of any region in the world, according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications industry. The report shows that registered mobile money accounts in Africa stood at slightly over half a billion in 2020, a 12 percentage point growth from […]
Fuliza M-Pesa Safaricom’s overdraft facility Fuliza was launched back in 2019. It has grown to become of the company’s leading revenue generators, and for good reason. It is easy to access, and bearing in mind the majority of Safaricom customers have had their lines for extended periods of time, there is always an incentive to […]
Kenya Copyright Board Executive Director Edward Sigei The Copyright (Amendment) Bill 2021, currently in the public participation stage, has sparked concerns among drivers of Kenya’s creative industry. The Partners Against Piracy (PAP) forum has expressed reservations with provisions in the proposed law which will see three critical sections repealed from Kenya’s Copyright (Amendment) Act 2019. […]
Newly appointed TransUnion Africa chief executive Morris Maina. PHOTO | POOL Johannesburg–headquartered consumer credit reporting firm TransUnion Africa has appointed former Safaricom and Microsoft manager Morris Maina to lead its operations in Kenya. Mr Maina joins TransUnion Kenya from Copia Kenya where he has served as vice president for sales since January 2020. Transunion Kenya […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021, worth more than US$55 billion. The Central Bank of Kenya (CBK) said that transactions in the first 11 months of 2021 were 20% up on the whole of 2020. The total for the whole of 2021 is likely to be much […]
In this interview with Ugo Aliogo, the Managing Partner at Verraki, Niyi Yusuf speaks on what Nigeria must do to improve competitiveness and attract better investments, talents and resources. Excerpts. What does competitiveness mean within in the Nigerian context and how can it be improved? From a layman’s perspective, competitiveness means being as good, or […]
Safaricom Half Year Results 2020 Safaricom has filed a case with the Communications and Multi-media appeals tribunal seeking to have the Communication Authority of Kenya’s (CA) recent revision of Mobile Termination rates be invalidated. The matter has been filed as urgent as the new rates are supposed to go live on January 1st 2022. CA […]
Ethiopia has cancelled its plan to offer a new telecoms licence that would have brought a third company into the market, compete with Ethio Telecom and Safaricom. The Ethiopian Communications Authority (ECA) said in a note to the industry that it had received “concerns and requests from several prospective bidders to delay the process”. The […]
Image Credits: Busakorn Pongparnit (opens in a new window) / Getty Images The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion . This amount was double the previous year’s investment, and nine times what was raised five years ago, an indication of […]
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