Safaricom has been recognized as one of the recipients of the 2022 Zero Project Award. The award recognizes innovative practices and policies aimed at driving inclusion for people with disabilities. Feted at the annual event broadcasted from the United Nations’ Office in Vienna, Austria, Safaricom was recognized for its diversity and inclusion programmes including efforts […]
Tag: XNAI_SCOM
Lower termination rate may not hurt Safaricom
A mobile phone user on the street of Nairobi in 2010. The Communication Authority of Kenya is going to slash the Mobile Termination Rate to 12 cents from the present 99 cents. This will make it much cheaper for Airtel and Telkom subscribers to make calls to Safaricom. Safaricom opposes the CAK proposal. Safaricom believes […]
Amica Sacco bets on new mobile app to hit Sh1.2bn in 2022
Amica Sacco CEO James Mbui and chairperson Nelson Muchiri. Amica Savings and Credit is banking on its new mobile application to hit its annual revenue targets amid an improving business environment in the country. Sacco’s chief executive James Mbui said that the mobile App – Amicash, will initiallytarget the SME market segment for swift access […]
Kenya Power to unveil internet packages after successful pilot testing
Kenya Power CEO & MD Jared Othieno with World Bank Senior Energy Specialist Laurencia Njagi launch Live Line Programme to curb power outages during maintenance In an attempt to cut losses, Kenya Power and Lighting Company (KPLC) has revealed its plan to connect millions of customers in rural homes with high-speed internet. Previously, Kenya Power […]
MTN Uganda reports 6.6% rise in 2021 pre-tax profit
Passengers use their mobile phones at the departure lounge of the Entebbe international airport in Entebbe, Uganda January 26, 2019. REUTERS/Thomas Mukoya KAMPALA, March 7 (Reuters) – MTN Uganda reported on Monday a 6.6% jump in pre-tax profit for 2021, compared with the previous period, helped by higher data sales and faster uptake of its […]
Kenya: Safaricom to Reward Customers as M-PESA Marks 15 Years
Nairobi — Safaricom is set to reward more than 5000 customers and businesses starting today as the telco celebrates 15 years since the launch of M-PESA. The telco will reward the customers and businesses for sending money or making payments through the M-PESA Super App and M-PESA Business Super App. The winners will be randomly […]
The Next Wave: Do we need more fintechs in Africa?
November 29th 2021 The Next Wave provides a futuristic analysis of BizTech and innovation in Africa. Subscribe here to get it directly in your inbox on Sundays at 3 PM (WAT). Hi. I’m Sultan. One-point-two million. That was the number of users Safaricom’s M-Pesa gained within 9 months of operating in Kenya, back in 2007. […]
Safaricom unveils its first data centre in Ethiopia ahead of full-scale commercial launch in April
Safaricom’s newly unveiled data centre in Addis Ababa Business Insider Africa understands that the facility cost about $100 million to construct and was put together by Huawei and Nokia. Safaricom said it plans to construct two additional data centres and will erect about 7000 network towers across Ethiopia in the next five years. Recall that […]
Led by Kenya-based entrepreneurs Tesh Mbaabu and Mesongo Sibuti, MarketForce closes the largest Series A round of its kind in East and Central Africa
[L – R]: MarketForce co-founders, Mesongo Sibuti and Tesh Mbaabu The funding round was led by V8 Capital Partners, a London and Lagos based African-focused investment vehicle. This latest round brings the total funds raised by MarketForce to date to $42.5 million. Ken Njoroge, co-founder and former CEO of Cellulant, also participated in the round […]
Explained: Airtel Kenya’s Legal Tussles With the Communication Authority
Airtel Kenya and the Communications Authority of Kenya have always had a tussle about money, especially regarding spectrum fees. The fight has been ongoing for some time now, and has for a long time seen the operator and the regulator go to court in an attempt to iron things out. Before we can look at […]