Safaricom Plc first-half profit jumped as the company reinstated charges on mobile-money transfers and its customer base grew, Chief Executive Officer Peter Ndegwa told investors on Wednesday. Africa’s second-biggest company by market value said net income rose 12% to 37.1 billion shillings ($332 million) in the six months through September. Sales on Safaricom’s money transfer […]
Ethiopia expects its second telecommunications provider to start operations in the first quarter of next year and is finalising preparations to issue it with a licence for mobile financial services, a senior government adviser said on Friday. Kenya’s Safaricom, together with South Africa’s Vodacom Group, Britain’s Vodafone Group and Japan’s Sumitomo, paid US$850-million for the […]
Safaricom Fuliza MPesa One of Safaricom’s biggest recent success stories happens to be Fuliza. Launched in 2019, the overdraft facility has had tremendous success and it is only reasonable for the company to want to expand its reach. Over the years, Safaricom has grown from being just a simple telecommunications provider to becoming a tech […]
A Safaricom engineer has been charged by the telco for tampering with Fuliza, the carrier’s overdraft facility. According to reports first seen by the Star, the employee is said to have adjusted Fuliza limits of some lines in a fraud case that saw the worker obtain KES 1.4 million illegally. The accused, who has since […]
Telkom Kenya CEO Mugo Kibati. The firm has denied existence of a Sh1 billion debt owed to the industry regulator. FILE PHOTO | COURTESY The authority had gone ahead to make provisions for the debt alongside its other receivables totaling Ksh2.7 billion ($24.55 million). Gathungu’s analysis showed that the Ksh1.07 billion ($9.1 million) was owed […]
Kenya’s main power utility Kenya Power is reportedly planning to start offering internet connectivity. Business Daily reports that the company has already been leasing fibre optic cables attached to its transmission lines to internet service providers in the country. However, ambitious plans to connect its own customers (it has well over eight million) would mark […]
Nigeria’s telecom companies received a boost in November when it was announced that they had received approval-in-principal to receive Payment Service Bank (PSB) licenses. Stock prices flew. For those with an envious eye on Safaricom in Kenya, this was their moment. However, Nigeria in 2021 is a very different place to Kenya in 2007 when […]
Ajua team in a past event. Admittedly, not all brands are equal in terms of success, customer reach, and how customers/clients relate to them. For instance, some businesses are more intentional about making sure that their customers have a better experience with them. According to a report published by Ajua for Quarter 3 Customer Loyalty […]
Kenya’s securities exchange has moved a step closer to requiring companies to start Environmental, Social and Governance, or ESG, disclosure and introducing an index for the category. The Nairobi Securities Exchange published its ESG guidance manual on Monday, with a view of aligning information reported by companies listed in Kenya with international standards. The NSE […]
GaudiLab/Shutterstock.com MTN Nigeria and Airtel Africa – two of Nigeria’s largest telecommunications companies – announced in November they have received approval in principle from the Central Bank of Nigeria (CBN) to operate payment service banks (PSBs). PSBs offer financial services, including deposit-taking from individuals and small businesses, providing payment and remittance services, issuing debit and […]
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