Safaricom CEO, Peter Ndegwa (C), with ICT CS Joe Mucheru and Ag Director General ICT Mercy Wanjau. On March 26, Safaricom launched its fifth-generation (5G) mobile network, the first in East Africa. The network, which improves on the 4G, will be initially available in Nairobi, Kisumu, Kisii and Kakamega. Later, it will find its way […]
An employee assists a customer to set-up M-Pesa money transfer servive on his handset inside a mobile phone care centre operated by Kenyan’s telecom operator Safaricom; in the central business district of Kenya’s capital Nairobi, file. REUTERS/Thomas Mukoya > According to data from the Central Bank of Kenya (CBK), the value of mobile-money transactions in […]
Spain pursues Africa as a strategic partner with its Africa Focus 2023 plan Africa continues to offer attractive diplomatic and economic opportunities to external partners: On Monday, March 29, Spain launched its plan to increase economic engagement and overall presence in Africa as Prime Minister Pedro Sanchez unveiled “ Africa Focus 2023 .” The plan […]
Airtel Kenya has upgraded some of its sites with fifth-generation (5G) mobile Internet services as the telecoms operator prepares to battle Safaricom for a larger share of the fast-growing data business. Airtel said the deployment of 5G-ready networks would help it capitalise on the rising mobile Internet demand in the country, just days after Safaricom […]
Sitoyo Lopokoiyit is the Managing Director, M-PESA Africa and acting Chief Financial Services Officer at Safaricom. Sitoyo Lopokoiyit has been appointed as the M-Pesa Africa managing director effective April 1, 2021. CEO Peter Ndegwa said Safaricom will initiate the relevant talent sourcing processes to identify and appoint the next Financial Services leaders in due course. […]
The Competition Authority of Kenya (CAK) has defended Safaricom against claims that the telco has abused its dominance in the telecommunications sector. The Authority’s director-general Wang’ombe Kariuki, yesterday told the Senate that compliance checks on the telco’s M-Pesa platform, voice and text services had not revealed contracts and practices that have exposed its rivals, Airtel […]
Competition Authority of Kenya (CAK) director-general, Francis Wang’ombe. FILE PHOTO | NMG The Competition Authority of Kenya (CAK) has asked Parliament to enact laws that will force telecommunications firms to share their infrastructure on a commercial basis. The regulator made the recommendation Wednesday when it appeared before the Senate Standing Committee on Information, Communication and […]
Huawei has secured the business for the latest expansion of 4G services in Ethiopia’s monopoly operator, Ethio Telecom. The Chinese company is the main contractor to the roll-out of LTE in the east of the country. Its rival, ZTE, has already installed 4G services in the capital, Addis Ababa, and other parts of central and […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom #ticker:SCOM, KCB Group #ticker:KCB, Equity Bank #ticker:EQTY and East African Breweries #ticker:EABL. This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, […]
Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG The State has ruled out selling its stake in profit-making parastatals despite pressure to do so and unlock cash and growing strain of external borrowing. Stanley Kamau, Head of Public Investments at the National Treasury said the firms remained strategic to government plans and national security […]
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