Safaricom, a Kenyan telecommunications service provider, has hired the managing director of Citibank to be in charge of strategy and acquisitions. The telco is currently seeking regulatory approvals to launch insurance, unit trust, and savings products in an endeavour to compete with larger financial services and expand its mobile money platform M-Pesa. Michael Mutiga, MD...
Standard Chartered Bank Kenya was one of the major banks that lent Safaricom a total of $400 million last year, helping the telecom operator pay for its Ethiopian licence. A consortium led by Safaricom paid $850 million to gain entry into the new market, with the telco relying heavily on short-term loans to fulfil its part...
Nairobi — Telco service provider, Safaricom has finally provided an online portal where its customers can update their sim card details, a relief for many who risked having their sim cards switched off The Communication Authority of Kenya had set April 15 as the deadline for the ongoing exercise it says seeks to enforce the...
Safaricom has continued to dominate the telco industry with continued growth of subscriptions in the second quarter of 2021/22 as its competitors recorded slight declines, new data shows. According to the Communication Authority(CA) Q2 sector statistics, Safaricom grew its subscriptions by 2.23 per cent to 65,085,720 as at December 2021 compared to 64,897,016 in September...
Safaricom has signed a multi-year contract with Intelsat to modernise its network and expand LTE coverage to more subscribers across the whole country. Satellite fleet and connectivity infrastructure provider Intelsat will supply Safaricom with both cellular backhaul over satellite and enterprise connectivity services. According to the companies, the availability of Safaricom LTE service everywhere will...
Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark for its Kenya customers, according to Techweez. Techweez says that this new development follows after the product’s 15th birthday after its launch in May 2007. M-PESA has the most active market accounting for more than 30 million of the service’s 51 million customers...
Safaricom 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 an impressive...
Safaricom is set to take down all M-PESA services from Saturday 6 November 2021 at 23:59 until Sunday morning 04:00 – effectively for four hours as Kenya’s largest telecom company conducts maintenance on its services for around the 10th time this year. The company says that all M-PESA services, including the purchasing of airtime, will...
Safaricom has announced that it will increase its 5G sites by 200 by the end of 2021, and launch a commercialised version of its 5G services in 2022. Kenya’s leading telco launched 5G technology for the first time in the country in March, starting with 15 sites. Now the telco says it wants to take...
Nokia has linked up with Safaricom, UNICEF and the Kenyan Ministries of Education and ICT, to connect close to 90 schools to the internet in the East African country. The initiative aims to ‘connect the unconnected’, with the ultimate goal of supporting the Kenyan government’s plans to scale broadband connection to all schools by 2030....
