Peter Ndegwa CEO of Safaricom spoke during the opening of the newly revamped Moi Avenue retail shop as part of its strategic retail expansion plan on the customer first. [Wilberforce Okwiri, Standard] Safaricom has formally made inquiries about the possibility of launching M-Pesa services in Ethiopia and the additional licence fee that will be required. […]
Tag: safaricom
TECNO POVA 5G Will Be the Company’s First 5G Phone
TECNO Camon 17 Pro 90Hz FHD display Late last month, we reported that TECNO was planning to launch 5G smartphones. We now know which device will take the lead and it’s not a flagship device. Looks like TECNO will enter the 5G smartphone market with a budget smartphone – the TECNO POVA 5G . The […]
Soko Analyst’s Take On The MTN IPO
KEY POINTS MTN Uganda has since grown to be the leading Telecommunications Company in Uganda and still growing and looking at the future with confidence as they adapt to more technology to serve their customers better. To all who have been asking me where to invest, well MTN Uganda has presented us with an amazing […]
Kenya: Covid-19 Accelerates Digital Explosion in Kenya
Nairobi — Covid-19 lockdown has accelerated digital explosion in various sectors of the economy in the Kenyan Market. Speaking during the sidelines of Social Media Week 2021, Go Gaga Experiential Co-Founder and Director Strategy and Programs Rita Njuguna said there has been a huge spike in the adoption of digital technologies in major sectors of […]
Sky wars: Uganda, Tanzania, Rwanda carriers expand as Ethiopian, KQ falter
Kenya Airways and Ethiopian Airlines planes at Kamuzu International Airport in Malawi. FILE PHOTO | COURTESY In the meantime, RwandAir has signed a codeshare agreement with Qatar Airways that allows the Kigali-based airline to use the Qatari carrier’s huge network to bring competition right to the doorsteps of ET and KQ. The falling fortunes of […]
Safaricom’s H1 profit up 12.1% on high Fuliza borrowing
• The total value of M-Pesa transactions grew 51.5 per cent to Sh13.71 trillion while the total volume of transactions grew 42 per cent to Sh7.27 billion. • The firm whose earnings dropped for the first time in 12 years last year saw net profit grow to Sh37.1 billion in a period between April and […]
Kenya: Tough Data Law Ushers in Boom Time for Insurers
For Kenyan insurers long frustrated by extremely low uptake of cyber-crime policies by skeptic corporates, there is fresh hope for booming business as firms race to comply with a new law that has shaken up personal data security rules in the country. President Uhuru Kenyatta in November 2019 signed the Data Protection Act that took […]
A handful of pro-gamers is putting Kenya on the global esports map
"Queen Arrow" is one of Kenya’s top esports gamers and has been signed on to UYU, one of the best esports teams in the fighting game community. Once a fringe sport, organized competitive gaming—known as esports —will this year hit revenues of over $1.1 billion with an audience of 474 million people. It’s even up […]
Safaricom launches M-Pesa promotion to reward businesses
Safaricom has launched a promotion to reward business owners who use Lipa na M-Pesa and Pochi la Biashara services. The telco says more than 400,000 businesses now accept payments through Lipa na M-Pesa up from 170,000 in March 2020 with 2 million small businesses using Pochi La Biashara. Under the promotion, all businesses under the […]
Vodacom adds 6.2-million customers to near 130-million mark
Vodacom Group, which is looking into deepening its footprint in the potentially lucrative financial services in Africa, has added 6.2-million subscribers in the six months to end-September, taking the total to 129.9-million. With declining revenue from voice calls, and data increasingly becoming cheaper, Vodacom and archrival MTN have been exploring alternative revenue streams on the […]