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....
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...
Safaricom customers will now pay Sh4.87 per minute for calls made between 8am and 10pm after the telco announced a review of its prices to reflect the increase in excise duty on airtime and telephone services from 15 percent to 20 per cent. Callers will also pay Sh2.50 for calls made between 10pm and 8am...
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...
The much-rumoured eSIMs developed by Safaricom have officially been released in Kenya. What is an eSIM? eSIM or embedded SIM is built into your phone. It is a tiny device, much smaller than even the smallest available micro SIMs. The smallest “nano” SIM is 8.8 mm by 12.3 mm, whereas an eSIM is 2.5 mm...
Although the cost of dedicated devices is still quite expensive for the majority of Kenyans, Safaricom is stepping up its investment in 5G. The company wants to capitalize on the current relatively weak market to establish its presence which it can then consolidate with the fall in costs over the years. The mobile operator Safaricom plans...
Safaricom says it will start its operations in Ethiopia with telecommunication services after getting the nod to operate in the second most populous nation on the continent. The firm yesterday said the new licence does not allow it to export its revolutionary money transfer platform M-Pesa yet, but expressed hope that Addis would allow rollout...
Safaricom has been granted a license to operate in Ethiopia after a successful bid through the Global Partnership for Ethiopia consortium. In addition to Safaricom, the consortium is comprised of Vodacom Group; Vodafone Group; Sumitomo Corporation – an established international trading and business investment company; and CDC Group – the UK’s development finance institution and...
Safaricom is holding talks with Amazon.com about the use of mobile money service M-Pesa on the e-commerce giant’s platform, part of efforts by the Kenyan telecommunications operator to expand global reach and bounce back from a first profit decline in a decade. M-Pesa accounts for about a third of Safaricom’s revenue, and East Africa’s largest company...
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...
