Safaricom shareholders gave their nod for the setting up and incorporation of the Safaricom Telecommunications Ethiopia PLC, the company that will begin operation in Ethiopia by next year. Safaricom Telecommunications Ethiopia PLC was set up early this month after the consortium led by Safaricom was awarded the licence to operate telecommunication services in Ethiopia. The […]
Safaricom PLC Shareholders going through the 2019 Safaricom Annual Report and Financial Statements during the company’s 11TH Annual General Meeting held at Bomas of Kenya. [Wilberforce Okwiri,Standard] UK-based Vodafone Group Plc and its subsidiary Vodacom will earn Sh21.9 billion from the Sh54.89 billion dividend payout that Safaricom will make to shareholders for the year ended […]
Safaricom Sacco Chairman Paul Msava (left), PS State Department of ICT & Innovation Jerome Ochieng (centre) & Safaricom Chief Corporate Affairs Officer Stephen Chege (right) leading Safaricom Sacco members to celebrate 20 years of the Sacco’s existence. NAIROBI, Kenya Aug 1 – Safaricom Sacco Ltd has launched a mortgage product that is aimed at supporting […]
Mombasa is the place you will experience the fastest internet on your smartphone in Kenya, a survey by global network testing and data analytics firm Ookla through its Speedtest tool has revealed. The study, Kenya’s Mobile and Fixed Broadband Internet Speeds, was conducted in April, May and June and indicates that netizens in the coastal […]
FDI inflows into Kenya, Tanzania, Uganda, Ethiopia, Rwanda and Burundi fell from $6.25 billion (Sh677 billion) in 2019 to $5.09 billion (Sh551 billion) last year, data from the World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD) shows. PHOTO | POOL Foreign direct investment (FDI) inflows into Eastern Africa dropped […]
Vodacom South Africa and Nokia are working together to transform the operator’s nationwide optical transmission network through Nokia’s Photonic Service Engine 3 (PSE-3) chipset hardware to deliver high capacity transmission. Through a recent field trial, the companies achieved the highest data transmission rates and performance across their live, optical network, demonstrating a significant increase in […]
Stakeholders in the telecommunication sector have said mobile money services should be driven by telecoms companies, a position that runs contrary to that of the Central Bank of Nigeria. In its recently released ‘Regulatory Framework for Mobile Money Services in Nigeria’, the CBN said there shall be only two models for the implementation of mobile […]
Last year, Safaricom introduced the cheapest way to acquire a 4G device in the country. Through its ‘ Lipa Mdogo Mdogo ‘ campaign, Kenyans can acquire a smartphone by paying as little as KES 20 a day. According to Business Daily , between 28th July 2020 and end of March 2021, Safaricom has sold 4G […]
Peter Ndegwa, CEO of Safaricom. Image sourced from TechWeez Several senior executives at Safaricom, Kenya’s preeminent telecom, were awarded 16.4 million shares with a current market value of Sh700-million ($6.4-million) for free in March as compensation for their past performance. According to Business Daily Kenya , the company’s employees cashed out 17.8-million units of stock […]
Kenyan youths are literally borrowing from Peter to pay Paul as the coronavirus pandemic continues to shrink incomes in the country. This is according to the latest data from the Central bank of Kenya (CBK) that showed a majority of Kenyans, especially the youth are surviving on debt, sometimes borrowing from one digital lender to […]
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