M-Pesa deal values rise further in third quarter

M-Pesa deal values rise further in third quarter

Safaricom (NSE:SCOM) registered further growth in M-Pesa transaction values in the quarter ended December, lifting revenue of the telco which now makes most of its sales from the financial service. The performance of M-Pesa in the review period was disclosed by Safaricom’s parent company Vodacom Group. “Our M-Pesa platform, including Safaricom, continues to scale at […]

Airtel Kenya agrees to pay $17.6mln to get its telecom license back

Airtel Kenya agrees to pay $17.6mln to get its telecom license back

(Ecofin Agency) – The legal battle that has pitted Kenya’s telecom regulator against Airtel for the past seven years is being resolved. Both parties have reached an amicable settlement. Airtel Kenya has agreed to pay the $17.6 million demanded by the Communications Authority of Kenya (CA) to renew the company’s telecom license. When its license […]

Ethiopia's Abiy tells banking sector to get ready for foreign competitors

Ethiopia’s Abiy tells banking sector to get ready for foreign competitors

Ethiopia’s Prime Minister Abiy Ahmed waits for the arrival of European Commission President Ursula von der Leyen before their meeting in Addis Ababa, Ethiopia December 7, 2019. REUTERS/Tiksa Negeri/File Photo ADDIS ABABA, Feb 22 (Reuters) – Ethiopia plans to open up its banking industry to foreign competition as soon as parliament passes policies permitting it, […]

Posta in trouble keeping Sh168mn collected for business registration services

Posta in trouble keeping Sh168mn collected for business registration services

Parliament has summoned Postmaster-General Dan Kagwe over the non-remittance of Sh168 million that was collected on behalf of the Business Registration Service. The National Assembly’s Public Accounts Committee (PAC) said Mr Kagwe should explain the whereabouts of 168,776,500 indicated as held by Huduma Centre. The amount relates to prior years revenue collections not remitted and […]

Safaricom pilots smart vehicle tracking system

Safaricom pilots smart vehicle tracking system

Safaricom sponsored Raaji Bharji and his navigator Tauseef Khan receive their award from classic rally clerk of the course Raju Chager during the awarding ceremony of the East African Safari classic Rally/COURTESY NAIROBI, Kenya Feb 21-Safaricom successfully conducted a pilot of their IoT powered smart vehicle tracking system during the 10th edition of East African […]