Safaricom Chief Executive Officer, Peter Ndegwa at a past event. Safaricom is banking on the increased uptake of its loan facilities led by Fuliza to break the Sh110 billion gross profit ceiling in 2022. Releasing the telco’s financial results for the first six months of the year yesterday, chief executive Peter Ndegwa hailed the overdraft […]
Dar es Salaam. The pan-African music streaming service, “Mdundo,” announced at the weekend that its platform recorded 16.4 million users during the quarter to September 30, 2021. This represents a 10 percent growth from the previous quarter, mainly driven by significant increase in Tanzania, Kenya and South Africa. Tanzania had the platform’s biggest user base […]
Safaricom, whose license-winning consortium in Ethiopia was to begin operations next year, has reportedly evacuated its employees from Ethiopia because of the ongoing armed conflict. The Business Daily Africa website reports that the employees left the country on Wednesday and Friday. Safaricom had seconded staff to run Ethiopian operations for products and network development in […]
(Ecofin Agency) – Peter Ndegwa (pictured), CEO of mobile operator Safaricom, confirmed his company’s ambition to enter the Ethiopian market in mid-2022, despite the risk of political instability in the country. He revealed this on Tuesday 9 November during the presentation of the telecom company’s H1 financial results. We are looking forward to launching commercial […]
Ethiopia’s finance ministry expects the launch of services from new entrant Safaricom in the first quarter of 2022, a timeline revealed days after the operator cited ongoing unrest in the country among potential risk factors to the venture’s success. At the Africa Tech Festival 2021 online event, Brook Taye ( pictured ), senior advisor at […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri, Standard] One of the biggest fears by motorists in Nairobi is that of M-Pesa services being disrupted while they are at a petrol station, waiting to fuel their cars. With many of them not carrying cash, they might end up spending the night in long queues that […]
AfDB and Agence Française de Développement sign EUR2-billion co-financing partnership agreement for Africa The African Development Bank Group (AfDB) and the Agence Française de Développement on Wednesday, 10 November signed a co-financing and partnership agreement to strengthen their relationship and leverage additional resources for impactful projects in Africa. AfDB president Dr Akinwumi A. Adesina and […]
Winners of the just concluded Micro, Small scale and Medium Enterprises (MSMEs) exhibition from Uasin Gishu will be sponsored to exhibit their products in Arusha, Tanzania in December. The winners will jointly be sponsored by the county government of Uasin Gishu and telecommunications service provider, Safaricom. Safaricom’s Chief Executive Officer (CEO) Peter Ndegwa attended the […]
Vodacom Group Limited interim results for the six months ended 30 September 2021 (short form announcement) Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) ISIN: ZAE000132577 Share code: VOD ISIN: US92858D2009 ADR code: VDMCY (Vodacom) Vodacom Group Limited interim results for the six months ended 30 September 2021 (short form […]
MTN Uganda CEO, Wim Vanhelleptte (R) and Andrew Bugembe the MTN Uganda CFO (2L) at the sidelines of the Nairobi MTN IPO Investor meeting. Kenyan Investors are showing keen interest in participating in the MTN IPO following the opening of the offer on October 11 2021 and a series of investor roadshows that took place […]
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