Vodacom Group has signed a deal that could see it buy an additional 10.9 percent stake in Safaricom Telecommunications Ethiopia from UK’s sovereign wealth fund CDC Group at a cost of $1.74 billion (Sh191.2 billion) in the coming years. The deal, if completed, will raise Vodacom’s interest in the newly formed telco to 17.1 percent. […]
Tag: safaricom
What are the alternatives to Safaricom stock price gains?
Outsized stock price gains for Safaricom #ticker:SCOM means the telco’s shares have attained unusual status: a concentration of 60 per cent of the total market capitalisation. This is a worrisome concentration that is already undermining the interpretative value of the NSE 25 share Index – proxy for the overall market. Even casual observers of the […]
Safaricom : Named as Only African Firm in UN Global Compact Lead List
Safaricom was Tuesday named as a Global Compact LEAD company, highlighting the firm’s commitment to the United Nations (UN) Global compact initiative which provides a collaborative space to generate and implement advanced corporate sustainability practice. This is the fourth time that the company has been included in the prestigious list which has over 13,000 corporate […]
Koa is helping African consumers make better money moves
While Delilah Kidanu grew up in Nairobi, Kenya, mobile money platform M-Pesa was the go-to fintech platform for her and most Kenyans. The Safaricom-owned product provides basic access to financial services like sending and receiving money and purchasing airtime. Yet, some Kenyans still lack other digital financial services from savings to investments. Last year, people […]
Safaricom sets date for commercial 5G network launch
Safaricom CEO Peter Ndegwa and ICT Cabinet Secretary Joe Mucheru during the Safaricom’s launch of 5G technology on March 26, 2021. PHOTO | DIANA NGILA | NMG Safaricom #ticker:SCOM will increase its fifth-generation (5G) sites to 200 by the end of the year and commercialise the super-fast services in 2022. The leading telco, which in […]
Eveready East Africa Ends The Week As Top Gainer Of The Day
KEY POINTS The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings per share. Jubilee Holdings gained 5.36 percent at the price of 368.75 shillings per share. The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings […]
Safaricom to launch commercial 5G network in 2022
Ministry of Information, Communications and Technology (ICT) Cabinet Secretary Joe Mucheru, Safaricom CEO Peter Ndegwa and Communications Authority of Kenya acting Director General Mercy Wanjau on March 26, 2021 during the Safaricom launch of 5G technology trials for its customers. PHOTO | FILE | NMG Safaricom in March launched the upgraded network in major urban […]
More African countries dive into a cashless future with new MTN, Flutterwave deal
MTN, has signed a partnership deal with Flutterwave that will enable businesses in Cameroon, Côte d’Ivoire, Rwanda, Uganda and Zambia to make cash transfers via MTN Mobile Money (MoMo). MTN’s new deal with payments technology firm, Flutterwave is set to deliver cash to mobile wallets of more Africans via MTN Mobile Money (MoMo) with the […]
Use of Bonga points to buy NSE shares starts on slow pace
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Bonga points purchase of Nairobi Securities Exchange (NSE) shares has been off to a slow start with Safaricom customers buying Sh600,000 worth of stocks in seven weeks. The value of stocks bought is equivalent to 3 million Safaricom loyalty points but is […]
How Kenya can make agriculture attractive to millions of youth
Young people under the age of 25 accounts for about 60 percent of the African population. According to the UN, there are about 1.8 billion young people between ages 10 to 24 in the world. Out of the estimates, Africa is home to over 200 million. The rate is increasing and is expected to grow […]