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Safaricom, Kenya’s biggest telecommunications operator, posted a drop in its full-year core earnings as the impact of the Covid-19 pandemic cut revenue from financial services and calls, though it predicted a recovery based on second-half numbers. The firm, partly owned by South Africa’s Vodacom and Britain’s Vodafone, said on Thursday its earnings before interest and taxes...

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The telecommunications sector is seen by investors as a slot machine. When you have a chance, like Safaricom, of having a new operating license, it attracts. However, the risks of a financial bubble exist in this case. The Kenyan Safaricom, the first market capitalization of the Nairobi Securities Exchange (NSE), has attracted many foreign investors, since the...

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Safaricom has introduced updates to its airtime top-up, sim swap, tariff migration and activation of new lines services. The updates are expected to increase the telco’s capacity for future innovations. In a tweet, Safaricom says that M-Pesa, calls, data and SMS will all be operational. Safaricom Forced to Split Dividend Payouts by CBK The Central Bank of...

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The large telecoms footprint of Safaricom on the Kenyan market worries the regulator. The operator, more present than Airtel and Telkom across the national territory, endangers competition. The gendarme of the telecoms market is considering various means to remedy this. The Kenya Communications Authority (CA) has expressed to Parliament its desire to see it adopt new laws...

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The Competition Authority of Kenya (CAK) has approached Parliament with new laws that would require the country’s telco’s – mainly Safaricom – to share their private infrastructure on a commercial basis. “The authority’s view is that ab initio infrastructure provisions in the sector should have been separated from the mobile network operators. Primarily regulations should have been...