Image credit: [kirisa99]©123RF.com Telecommunications company Safaricom has proposed spending $300 million in deploying the smart meters and plans to operate the infrastructure for eight years to recover its investments. According to Reuters, the telco filed a proposal with utility Kenya Power for the installation of smart meters with the purpose of reducing non-revenue electricity and […]
Despite consumer wallet-sized shrinking during a rough economic period in the past year, Safaricom has gained more M-PESA users and agents, further strengthening its already dominant position in the mobile money market. In their sustainability report for 2021, the telco reports that M-PESA users are up by 13.6%, totaling 28 million monthly active users, who […]
Mpesa shops [Courtesy] M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances. This is according to an update to the terms and conditions that will give Safaricom the mandate to hold onto users’ funds on the […]
Safaricom Fuliza MPesa In a new set of Terms and Conditions, Safaricom customers who default on their Fuliza repayment will have their M-Shwari and KCB M-Pesa accounts blocked and their balances could be used to settle their outstanding Fuliza debts. Fuliza is an overdraft facility offered by Safaricom and operated by both NCBA and KCB. […]
NAIROBI, Kenya, October 18 – Mobile Service Provider Safaricom has announced a four-hour interruption of M-Pesa services to allow for planned system maintenance. The firm, through a statement, said that the regular maintenance will take place beginning Tuesday midnight It will affect all MPESA services including airtime purchases. “Our MPESA services shall be undergoing planned […]
Mpesa shops [Courtesy] M-Pesa users who default on their Fuliza loans will have access to their funds in M-Shwari and KCB M-Pesa accounts blocked or used to settle their outstanding balances. This is according to an update to the terms and conditions that will give Safaricom the mandate to hold onto users’ funds on the […]
Safaricom is the largest telecommunications provider in Kenya with a market share of 63.7% as of September 2020 according to the Communications Authority of Kenya In the 2020/2021 financial year ending March 2021, the telco’s profits dropped by 6.8% to KSh 68.68 billion Despite the loss, its chair Michael Joseph who temporarily acted as CEO […]
Airtel Networks Kenya, which is eyeing a bigger stake in Kenya’s telecoms industry, has accused the Communications Authority of Kenya (CA) of allegedly ignoring market dominance by rival Safaricom #ticker:SCOM. The telco, in a petition to Parliament, also blamed the telecoms regulator for skewed allocation of mobile spectrum in favour of Safaricom and failure to […]
Two years after siblings Esther and Ezekiel Mutesasira from Uganda won Season One of the East Africa Got Talent (EAGT) show, they are yet to receive the cash prize of Sh5million. Esther and Ezekiel won the top prize for showcasing their exceptional musical talent in the 2019 edition of the EAGT show that took part […]
President Uhuru Kenyatta Conferring Award to Busia Sugar Industry Limited at Safari Park on Friday, October 29. KRA Corporate President Uhuru Kenyatta awarded different companies from across the country for dully paying their taxes without coercion during an event held at a city hotel on Friday, October 29, as the country celebrated the 2021 Annual […]
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