Kenya’s mobile operators progress with 5G trials Sydney, Nov. 15, 2021 (GLOBE NEWSWIRE) — Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. – https://www.budde.com.au/Research/Kenya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW This supports the updated national broadband strategy, which is focussed on providing a broadband services of at least 3Mb/s to 90% […]
Tag: safaricom
SAFARICOM : REWARDS BUSINESSES WITH M-PESA PROMOTION
8 Trucks, 16 Pickups Up For Grabs As More Businesses Turn To M-PESA Safaricom has today launched a promotion that will reward business owners on its Lipa Na M-PESA and Pochi La Biashara services. The promotion comes on the back of increasing adoption of M-PESA services by businesses across the country. More than 400,000 businesses […]
Top 4 Most Trending Stories – Week in Review
Week in Review 45 As this week comes to a close we take a look at the stories that resonated most with our readers. This week, load shedding in South Africa, Microsoft launches its new Surface Laptop model, Safaricom evacuates its staff as the Ethiopian-Tigray war escalates, and Amazon’s new startup accelerator programme. Find out […]
Vodacom in major African fintech push, guns for 70m customers
Vodacom has set its sights on becoming Africa’s top fintech operator, saying financial services business is integral to its business model, and the telco is targeting over 70 million customers in the next three years. Vodacom revealed its Africa fintech plans today as the company released details of its half-year results performance, with group CEO […]
James Mwangi To Spend 10 More Years As Equity Boss
Equity Group CEO James Mwangi could become one of the longest-serving CEOs in the country, after disclosing that he will leave his position earliest 2032. Mwangi has served the bank for 31 years including 17 years as CEO, and he plans to go beyond the 70-year age limit set by the Capital Markets Authority (CMA). […]
Safaricom debt rises five times to Sh76bn
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom’s #ticker:SCOM bank borrowings rose to a record Sh76.9 billion in the half-year ended September as the telco raised funds to pay for its Ethiopian licence besides investing in its operations. The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the […]
Safaricom of Kenya Boosts Profit as Mobile-Money Fees Return
(Bloomberg) — Most Read from Bloomberg 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 […]
Safaricom wary of Addis as profit rises to $334m
Issuance of a telecoms operations licence to Safaricom executives at the Friendship Square in Addis Ababa. FILE PHOTO | COURTESY Safaricom through a consortium — Global Partnership for Ethiopia — was awarded a licence by the Ethiopian government to provide telecom services in the country barely six months ago (May 24) in a ceremony attended […]
Vodacom buys majority stake in Vodafone Egypt
A Vodacom shop in Tanzania. The telco has operations in Kenya, South Africa, Tanzania, Lesotho, Democratic Republic of Congo and Mozambique, and is expanding to Ethiopia. FILE PHOTO | COURTESY South Africa’s Vodacom Group has agreed to buy a 55 percent controlling stake in Vodafone Egypt for $2.73 billion as part of the telco’s pan-African […]
Mwangi to retire from Equity Bank after 2032
Equity Group chief executive James Mwangi has disclosed he will retire at the earliest in 2032 in what will make him one of the longest-serving CEOs of firms listed on the Nairobi Securities Exchange. Mr Mwangi, 59, says he expects to commit his future to the bank beyond the 70-year age limit set by the […]