Artistes and entertainers now have a new platform to sell their content after Safaricom unveiled a service that enables consumers to buy videos on demand. Baze is a mobile-first, video-on-demand service that will offer a wide selection of local and regional short-form videos in comedy, drama, lifestyle and music, among others. Artistes will earn 60 […]
Safaricom shareholders’ paper wealth rose by Ksh90.1 billion ($836.8 million) Monday as investors rushed to buy the company’s shares after it was awarded a licence to enter Ethiopia’s underserved telecoms market. It marks one of the largest one-day gains on a single stock in the history of the Nairobi Securities Exchange (NSE). The telco’s share […]
Vodacom says it will cede a stake in M-Pesa to new investors. PHOTO | FILE | NMG South Africa’s telecoms operator Vodacom Group is considering selling part of its stake in mobile money platform M-Pesa to unlock value running into billions of shillings from the fast-growing service. Chief executive Shameel Joosub disclosed the sale plans […]
Safaricom Plc CEO Peter Ndegwa during the telco’s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | FILE | NMG Safaricom will own a majority stake in a series of companies formed for entry into Ethiopia’s telecoms market, giving the firm effective ownership of 55.7 per cent in the new venture. […]
Safaricom chief executive Peter Ndegwa during the company’s launch of 5G. FILE PHOTO | NMG Safaricom will not spin out the lucrative M-Pesa unit into a stand-alone business, bucking the trend by other telcos such as Airtel Africa and MTN Group. The telco says that it wants to retain the connection between its business lines […]
Safaricom Plc CEO Peter Ndegwa during the telco’s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG Safaricom’s share of combined investor wealth at the Nairobi Securities Exchange (NSE) touched a high of 63 percent yesterday after days of a steady rise in its stock prices in a period that […]
South Africa’s telecoms operator Vodacom Group is considering selling part of its stake in mobile money platform M-Pesa to unlock value running into billions of shillings from the fast-growing service. Chief executive Shameel Joosub disclosed the sale plans at an investor briefing on Tuesday in response to an analyst who asked if the company is […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom #ticker:SCOM has been awarded a telecommunications licence to operate in Ethiopia — one of the world’s last major closed telecoms markets, the Ethiopian government announced on Saturday. Safaricom beat other consortia in the last stretch of a year long race for access to one […]
164k The mobile network operator says there is an urgent need for Icasa to release high-demand spectrum after Covid-19 resulted in increased data usage, which is unlikely to reverse. Vodacom has raised its profit targets following a strong year as it built capacity to cope with a surge in data usage, sparked by price cuts […]
Nairobi Securities Exchange trading floor. PHOTO | NMG The Nairobi Securities Exchange (NSE) has shed Sh74.1 billion in one week of trading as investors cash out on the price gains that had lifted the bourse to a 36-month high of Sh2.634 trillion last Monday. The combined investor wealth stood at Sh2.56 trillion as the market […]
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