Safaricom Half Year Results 2020 Today I’ve received a message from Safaricom telling me to urgently visit any of their agents or shops to update my SIM registration. I’m sure many of you may have already received a similar message in the past months. I’ve seen a number of people share their screenshots since November […]
Nairobi — A bill introduced in Parliament that sought to compel mobile telco firms to reimburse customers Sh10 for every dropped call has expired, a sign of relief for telco providers including Safaricom and Airtel. If passed to law, the Kenya Information and Communication (Amendment) Bill, 2019 would see the customers compensated for a maximum […]
CDC Group, the UK’s development finance institution, announced last week that it had invested close to £2.2bn in total in African businesses in the last two years – beating its 2020 Africa Investment Summit pledge of £2bn. CEO Nick O’Donohoe said: “I am delighted that we exceeded the ambitious target we set at the Africa […]
MTN Uganda has introuced a mobile overdraft service in the country following the success of the Safaricom MPESA Fuliza overdraft service . Dubbed Momo Advance, the Service is a collaboration between MTN Mobile Money Uganda and NCBA Bank Uganda. NCBA Bank is the same bank that has run Fuliza, the region’s first mobile overdraft service […]
Vodacom shareholders have approved a proposal to buy a controlling 55% stake in Vodafone Egypt for the equivalent of US$2.68 billion. The deal, first proposed in November 2021 , means South Africa-based Vodacom will have a footprint covering 500 million people across Africa and more than 40% of Africa’s gross domestic product (GDP). Vodacom group […]
AstraZeneca pharmaceutical company has been named the top employer in Kenya under the pharmaceuticals category by the Top Employers institute alongside Novartis, a world leader in the research and development of products. The firm which is certified in fourteen countries is a British-Swedish multinational pharmaceutical and biotechnology company whose prominence rose with the onset of […]
When it comes to attractiveness for startups, Lagos leads the ranking of African cities according to data by StartupBlink. The Nigerian capital managed to outperform its direct competitors Nairobi, Cape Town and Johannesburg in 2021, a trend that is likely to continue. These scores are the exception rather than the norm though. As our chart […]
In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet connectivity across the continent. A proposal by Poa Internet , a Kenyan startup, beat 673 others from across the world as […]
Safaricom is deploying a new prefabricated data center in the Ethiopian capital Addis Ababa, as the telco begins to launch operations in the country. Anwar Soussa, managing director of Safaricom Ethiopia, said late last month the company’s first data center has arrived in Addis and the company is working on its network rollout. “At such […]
Safaricom #ticker:SCOM has a huge pricing power in voice services, making it difficult for rivals Airtel Kenya and Telkom Kenya to compete with it, the Communications Authority of Kenya (CA) has said. The regulator made the disclosure in its response to a case filed by Safaricom at the Communications And Multimedia Appeals Tribunal seeking to […]
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