About 500,000 Safaricom #ticker:SCOM customers have taken up smartphones on credit that require daily repayments of as little as Sh20, boosting the telco’s quest to ramp up data revenues. The telco in July last year launched the device financing plan dubbed ‘Lipa Mdogo Mdogo’ to give customers still using feature phones an opportunity to own […]
Kenyan start-up Wowzi, has received Sh225.8 million ($2million) funding as the company moves to expand its products beyond influencer marketing and open in three more countries. The funding was raised from New York-based venture capital fund, 4DX Ventures with participation from other Nigeria and Ghana-based firms such as LoftyInc Capital, Future Africa, Golden Palm Investments, […]
The Safaricom-led consortium that recently won an operating licence in Ethiopia will use the same ‘07’ mobile number prefix it deploys in Kenya when it launches commercial operations next March. It is the second mobile network prefix allocated in Ethiopia after the ’09’ that is used by the state-owned Ethio Telecom. Safaricom #ticker:SCOM officials also […]
Safaricom Chief Executive Officer (CEO) Peter Ndegwa and Omidyar Network Director of Investments Ory Okolloh have been named among top 40 digital leaders of Africa Safaricom Chief Executive Officer (CEO) Peter Ndegwa and Omidyar Network Director of Investments Ory Okolloh have been named among top 40 digital leaders of Africa, a ranking of the leading […]
Customers walking to Gikomba market leap over sewage along Kinyanjui street in the market on November 30, 2021. By all accounts, the last two years have been financially draining for many Kenyans and the economy in general. The economy contracted by 0.3 per cent last year to Sh8.71 trillion from Sh8.74 trillion in 2019. Many […]
Kenya’s leading telco Safaricom recently unveiled a new campaign dubbed Mwelekeo Ni Internet. The campaign will see the service provider introduce new data offers, add more affordable 4G devices to the Lipa Mdogo Mdogo device financing plan and showcase the transformative power of the internet. Through the Mwelekeo Ni Internet Campaign, the telco aims to […]
Safaricom, M-PESA Managing Director and acting Chief Financial Services Officer Sitoyo Lopokoyit (left) interacts with Everline Moraa an eggs vendor in Kawangware. Safaricom plans to extend its overdraft facility, Fuliza, to businesses in a move that looks set to increase the daily lending for the product beyond the current Sh1.34 billion. The telco says it […]
Safaricom Chief Finance Officer Dilip Pal. [Wilberforce Okwiri, Standard] A weak shilling added Sh1.1 billion to Safaricom’s debt servicing burden in the six months to September this year, the telco has said. The new development highlights the impact of foreign currency borrowing to finance the company’s planned entry into Ethiopia. Safaricom , which tapped $400 […]
MTN customer care staff attend to subscribers at a past expo. The telco has begun trading on the Uganda Securities Exchange. PHOTO | FILE Analysts say the regulator’s move to ease listing rules, saved MTN Uganda from failing to list shares on the exchange. Last month, MTN Uganda opted to sell a fifth of its […]
There is need to open the market to allow new and existing firms to dream of competing with Safaricom. I find the declaration by Information, Communication and Technology (ICT) Cabinet Secretary Joe Mucheru on Safaricom’s dominance inconsiderate to mobile telephony customers. We have a public report whose recommendations were partly informed by the mobile telecommunication […]
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