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Several senior executives at Safaricom, Kenya’s preeminent telecom, were awarded 16.4 million shares with a current market value of Sh700-million ($6.4-million) for free in March as compensation for their past performance. According to Business Daily Kenya, the company’s employees cashed out 17.8-million units of stock worth Sh763-million ($7-million) the year prior. The company’s cumulative spending on...

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Global Partnership for Ethiopia has incorporated and registered its local company Safaricom Telecommunications Ethiopia PLC after it was granted a telecommunications operator license. According to the Ethiopian Communications Authority, the Telco also has 45 days to incorporate a local company and execute the Provisional License Agreement executed by the parent company within three working days....

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The Ethiopian Communications Authority (ECA) has confirmed it has now issued the country’s new communications licence. In a press release announcing the development, the regulator noted that, pursuant to Articles 40 and 41 of the Tender Regulations, the designated licensee – Global Partnership for Ethiopia – had been required to incorporate a local company within...

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Kenya’s Safaricom has launched a new version of its M-Pesa app with features that will enable seamless mobile money payments for customers and businesses alike. Speaking at the launch of the Super App, Safaricom’s CEO Peter Ndegwa said that the focus for the telco is to develop digital-first experiences on the growing smartphone penetration in...