INTERVIEW : Safaricom CEO Peter Ndegwa ( pictured ) argued Covid-19 (coronavirus) had galvanised the operator’s efforts to transform into a technology company, though acknowledged it was still in the early phases and continued to face barriers around access and affordability. He explained Safaricom’s first priority when lockdowns were imposed in 2020 was to maintain […]
Tag: XNAI_SCOM
Dormant mobile money accounts jump 926,000
The number of dormant mobile money accounts increased by 926,000 last year driven by defaults on digital loans that pushed subscribers to deactivate their SIM cards. Central Bank of Kenya (CBK) data shows that 40.93 million out of the 68 million registered mobile money accounts were inactive as of December 2021. This was up from […]
MarketForce raises $40M Series A to Scale Up the Super App for Africa’s Informal Merchants
Today, MarketForce ( MarketForce360.com ) , the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announces the closing of a $40 million Series A round, the largest Series A round of it’s kind in East and Central Africa. The raise comes 7 months after concluding a pre-Series A […]
Safaricom takes 99.9pc of mobile money market
Safaricom #ticker:SCOM has grown its control of the mobile money market to 99.9 percent amid efforts by regulators to open its M-Pesa platform to interface with those from rival Airtel Kenya and Telkom Kenya in a bid to enhance competition in the sector. Data from the Central Bank of Kenya (CBK) shows that M-Pesa has […]
Safaricom ‘Please Call Me’ Inventor Set To Get Huge Payday
It’s not every day a masterpiece is created but when it does happen, the creator needs to be recognized. In this case, it’s Nkosana Makate, the inventor of the popular ‘Please Call Me Feature’ by Vodacom, used by telcos like Safaricom . Safaricom Please Call Me Inventor Gets Recognition Nkosana Makate, the developer of Vodacom’s […]
Safaricom’s M-PESA App & Blaze DigiTruck win at the Global Mobile Awards
Kenyan telecommunication company, Safaricom, has won 2 Global Mobile Awards at the Mobile World Congress 2022 (MWC 2022). Safaricom won a Global Mobile Award (GLOMO) for the M-PESA Super App at the ongoing Mobile World Congress in Barcelona. The Super App won under the category for “Best Mobile Innovation for Connected Living”. The M-PESA Super […]
Safaricom gears up for Ethiopia launch with fibre deal
Safaricom Telecommunications Ethiopia (STE) signed a dark fibre lease agreement with Ethiopian Electric Power (EEP) as it continues to build up its network for an expected launch of services in the first half of the year. The new entrant to the market in the Horn of Africa stated the five-year agreement, its first infrastructure deal […]
Huawei’s Tech4All project in Africa wins GSMA award
At MWC 2022 Barcelona, Safaricom, Close the Gap and Huawei received the Global Mobile GLOMO Award in recognition of the Tech4All DigiTruck project’s outstanding contribution to the UN’s sustainable development goals. The DigiTruck project was launched in Kenya for the first time in 2019. It was launched by Huawei in collaboration with international NGO Close […]
Stock market drops Sh65bn in two days
The stock market shed Sh65.6 billion in investor wealth in the first two trading sessions this week, pressured by foreign investor sales that have overshadowed the expected price rally ahead of the dividend season. The NSE’s #ticker:NSE market capitalisation fell to Sh2.49 trillion on Tuesday from Sh2.56 trillion at the beginning of the trading week. […]
Safaricom staff back in Ethiopia ahead of launch
Safaricom headquarters in Nairobi. [Jenipher Wachie, Standard] Safaricom has taken employees back to Ethiopia to step up preparations for the commercial launch of its operations on the back of easing tensions. The telco, which in November last year evacuated its employees from the Horn of Africa country due to armed conflict and civil unrest, now […]