Business Insider Africa gathered that this is Safaricom’s first infrastructure deal in the Horn of African country. The deal will enable Safaricom to share dark fibre optic infrastructure with Ethiopia’s state-owned power utility company — Ethiopian Electric Power. The CEO of Safaricom Ethiopia, Mr Anwar Soussa, has expressed gratitude to the Ethiopian Government for the […]
Tag: safaricom
More than half of Kenya’s entire GDP is now transacted on this African fintech app
Check out Fortune ’s Brainstorm Design Conference, taking place May 23-24 in Brooklyn, N.Y. For more details and to apply to attend, click here . Susan Njeri starts her workday at 4 a.m., leaving her home in Nairobi hours before her three children wake for school. In the pre-dawn glow, she sets up her food […]
Kenya: Stock market drops Sh65bn in two days
The stock market shed Sh65.6 billion in investor wealth in the first two trading sessions this week, pressured by foreign investor sales that have overshadowed the expected price rally ahead of the dividend season. The NSE’s market capitalisation fell to Sh2.49 trillion on Tuesday from Sh2.56 trillion at the beginning of the trading week. Safaricom […]
Kenya: 37 Youths Living With Disabilities Complete CISCO Certified Technicians Program
Nairobi — The first Cohort of 37 youths living with disabilities have graduated after passing their CISCO Certified Technicians (CCT) and Cisco Certified Network Associates in Security (CCNA Security) Exams. The graduands were trained for 9 months in Bridge IT Academy, which was launched in March 2021 targeting at equipping trainees with a strong career […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
A toast to Tanzania for the fastest growth as we go into next century
Kenya Breweries Limited Managing Director Jane Karuku during interview with The EastAfrican in Nairobi on March 1, 2022. PHOTO | JEFF ANGOTE | NMG Whether it is Kenya Breweries, Serengeti Breweries or Uganda Breweries, EABL is an integral part of the society and the economy. In 2000, EABL attracted the global firm Diageo, who acquired […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Safaricom inks first infrastructure deal with Ethiopia
Anwar Soussa, CEO of Safaricom Ethiopia. The firm has signed a five-year lease agreement with Ethiopia’s state-owned power utility to share fiber-optic infrastructure. PHOTO | POOL Safaricom says it has finalised preparations to launch commercial operations to provide telecom service to Ethiopians, becoming the first private and foreign entity to offer these services in the […]
Led by Safaricom CEO Peter Ndegwa, Lipa Na MPESA hits 30 million monthly active users milestone
Peter Ndegwa CEO Safaricom, speaking at a media showcase for the launch of the company’s 5G service in Kenya, March 26, 2021. According to the telco’s chief executive Peter Ndegwa, Kenya accounted for more than 30 million users out of the platform’s 51 million total active customers across the region. The CEO also noted that […]
Safaricom’s M-Pesa crosses 30 million active users in Kenya
A mobile phone user makes an M-Pesa transaction. FILE PHOTO | NMG Mobile money transfer platform M-Pesa has crossed 30 million users in Kenya as traders accepting payments through Lipa na M-Pesa doubled, cementing Safaricom’s dominance in digital transactions in the country. The giant telco’s chief executive Peter Ndegwa announced Thursday that Kenya accounted for […]