Africa was the birthplace of the mobile wallet in the mid-2000s, a digital payment revolution that was driven by necessity, given limited access to bank branches and banking services. Africa has made great strides in its mobile and digital adoption with some truly world-scale success stories, such as Safaricom’s MPesa. Airtel Money and MTN recently […]
The NCBA paybill has gained immense popularity over the past few months. Like many other Lipa na M-Pesa transaction modes, the NCBA platform has made it easy for clients to transfer money to and from their bank accounts. Moreover, in a world where convenience is now a priority for most individuals, the paybill could not […]
Ethio Telecom is building network capacity and planning to pilot 5G mobile as it prepares for competition at the end of 2021. The company’s management has announced targets to raise telecoms penetration to 61%, with more voice, data and internet customers, and new business streams. CEO Frehiwot Tamiru (pictured) said she wanted these actions to […]
Top Kenyan executives smiled all the way to the bank in 2020 after they received KSh1.84 billion in perks However, this was a drop from KSh 1.91 billion earned in 2020 Co-op Bank boss Gideon Muriuki was the highest-paid executive in 2020, taking home a total of KSh 377.3 million Despite the COVID-19 pandemic ravaging […]
The adoption of digital wallets in the Middle East and Africa has been growing steadily over the last number of years and this has been accelerated as a result of the Covid-19 pandemic. With merchants now prioritising online and in-store payments, there is now an increase in acceptance of new payment tools such as digital […]
Mumias Sugar Company. [Mumo Munuve, Standard] As the prevailing market conditions sucked the sweetness out of the cane, so was life in Saccos affiliated to Mumias Sugar Company in Kakamega County, leaving members with the bitter taste of bagasse in their mouths. By 2019, Sukari Sacco Society Ltd was one of the three whose licenses […]
Safaricom Plc ’s rally to a record has made Kenya’s biggest company overvalued, with analysts forecasting a 10% drop in the next 12 months. Shares of the Nairobi-based company rose to an unprecedented 43 shillings on Tuesday. The surge comes after Ethiopian authorities said they will allow Safaricom’s subsidiary to offer the lucrative mobile-money services […]
Ethiopia has cleared the way for Safaricom ( NSE:SCOM ) to introduce its popular M-Pesa in the market of 110 million people after deciding to include the mobile phone-based financial services in the telco’s licence offered in May. Ethiopian authorities told Business Daily Thursday that the Safaricom licence will be upgraded to include mobile financial […]
Peter Ndegwa, Safaricom CEO Image Credit: Safarricom Safaricom shareholders have given their nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia, the company that will begin operation in Ethiopia by next year, announced the operator last week. Safaricom Telecommunications Ethiopia was set up early this month after the consortium led by Safaricom […]
Safaricom was the fastest mobile internet provider, with an internet speed score of 27.54Mbps and a consistency score of 84 percent in Q2 2021. Airtel took second spot with 17.48Mbps while Faiba came in third with a speed score of 14.38Mbps. Telkom took the fourth spot with 8.17Mbps The global index analysis by Ookla, through […]
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