Safaricom #ticker:SCOM half-year net profit to September rose 12.1 percent to Sh37.05 billion with M-Pesa revenues driving the rebound on account of end to free State-backed transactions to support customers during the Covid-19 period. The results, covering six months from April to September 2021, also saw voice and messaging revenue increase in the period that […]
A member of the Ethiopian military force holds the Ethiopian national flag whilst sitting on the shoulders of newly recruited members of the military during a farewell ceremony for new recruits joining the Ethiopian military force to Tigray, organised by the Mayor in Addis Ababa on July 27, 2021. AFP PHOTO | NMG Kenyan telecommunication […]
Kenyans spent Sh83.2 billion to place bets in the six months to September through Safaricom’s M-Pesa platform alone, underlining the gambling craze that has become a national pastime. The telco’s disclosures show that the value of the bets jumped 69 percent from Sh49.2 billion a year earlier. Safaricom, the Kenya Revenue Authority (KRA) and betting […]
The government is seeking to literally administer euthanasia to the only three credit reference bureaus (CRBs) we have in the country. If the decision to suspend the listing of defaulters on loans below Sh5 million is not reversed we will have killed TransUnion Ltd, Metropol Corporation and Creditinfo Ltd. How things evolve will depend on […]
L-R Vice President and Managing Director of Ericsson South and East Africa, Mr. Todd ASHTON,Telkom’s Chief Executive Officer, Mr. Mugo KIBATI,NEC XON’s General Manager – Wireless, Mr. Willem WENTZEL Telkom Kenya is the second local operator to launch 4G services after Safaricom. Afterward, Airtel Kenya came in, followed by Faiba, although the latter’s market share […]
Safaricom Lipa Mdogo Mdogo For a while now, Safaricom has had a device financing plan called ‘ Lipa Mdogo Mdogo ‘ where Kenyans have had the option of acquiring a smartphone while paying as little as KES 20 a day. Launched in July 2020, the plan was well received with people buying over 250,000 devices […]
Safaricom Chief Executive Officer, Peter Ndegwa at a past event. Kenya’s largest telecom Safaricom is expected to bounce back strongly from the Covid-19 pandemic that saw its half and end-year profits drop for the first time in 12 years. Last year, the firm reported a six per cent drop in net earnings as subscribers shifted […]
Nigeria’s leading telecommunications companies MTN Nigeria and Airtel Africa have received an “Approval in Principle” (AIP) from the Central Bank of Nigeria to operate as Payment Service Banks. Payment Service Banks are banks that take deposits from people and small businesses, provide payment and remittance services within Nigeria, issue debit and prepaid cards, run electronic […]
Tuesday, November 09, 2021 / 09:46 AM / by FBNQuest Research / Header Image Credit: Udonis Our chart below drawn from the Nigerian Communications Commission (NCC) data, shows that active mobile lines and internet connections grew modestly, by 0.8% and 0.4% m/m to 190.9 million and 140.3 million respectively in September ’21. The growth in […]
Published 08 Nov,2021 via BizWatchNigeria – As the telecom world gradually embraces advanced technology, BizWatch Nigeria provides an insight into the state Fifth Generation (5G) deployment plan in selected countries in Africa A tracking of major 5G deployment plans in Africa showed that less than 10 countries are making moves to deploy the technology that […]
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