The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in the populous nation, clearing the way for Safaricom #ticker:SCOM to launch the mobile money service this year. Safaricom licence, which was offered last year, was to be upgraded to include mobile financial service after completing […]
NAIROBI, Kenya Feb 15-Safaricom customers are set to enjoy 100 per cent bonus data upon attaining their daily data targets in a new data campaign dubbed, Nyakua Data Dabo Dabo. The campaign, which builds on the Stori Ibambe program that was introduced in 2015 to reward airtime usage, now enables both prepay and postpay customers […]
A general view taken on March 26, 2015 in Nairobi shows the Kenyan parliament, as President Uhuru Kenyatta addresses two Houses the Senate and the National Assembly. President Kenyatta’s speech comes against the backdrop of rising corruption and insecurity in the country. AFP PHOTO/SIMON MAINA (Photo credit should read SIMON MAINA/AFP via Getty Images) The […]
Vladimir Putin. Nairobi Securities Exchange (NSE) investors Thursday lost Sh92.43 billion as prices dived on Russia’s invasion of Ukraine in the middle of trading. Russian President Vladimir Putin Thursday announced a military operation in Ukraine, triggering panic sell-off of stocks by foreign investors to seek shelter in other investment options such as fixed income. Safaricom […]
The Central Bank of Kenya (CBK) says it will launch a national payment system to force Safaricom to accept cash from rivals such as Airtel on its Lipa na M-Pesa platform, enabling transfers of money through merchants, Business Daily reported. It is due to be introduced by 2024 and will remove the hurdle to Airtel […]
NAIROBI (Reuters) – Kenyan digital payments company Cellulant plans to shift its focus to small and medium enterprises with the aim of turbo-charging its merchant acquisition growth to 50,000 this year from the current rate of about 1,000, its chief executive told Reuters. Investors have been flocking into African financial technology firms due to rapid […]
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
Safaricom #ticker:SCOM is set to pay an interim dividend of Sh25.64 billion equivalent to Sh0.64 per share. The dividend will be 42.44 percent higher or Sh7.64 billion more compared to a year earlier when it paid a first-ever interim dividend of Sh18 billion equivalent to Sh0.45 per share. The telco said it will pay the […]
![[WATCH] Safaricom Highlights a Kenyan NFT Artist Getting Paid via M-PESA on Binance P2P](https://moneyinafrica.com/wp-content/uploads/2022/03/Paxful-ad-230x28.gif){kind=small}
In an interesting twist, Safaricom, the company behind the popular and dominant M-PESA mobile payment system, has featured a Kenyan NFT artist and how they get paid for their work on Binance P2P via M-PESA. This is a new twist for a company that does not allow crypto exchanges and companies to plug into its […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.