Safaricom has announced a revamp of its PostPay and All-in-One plans that will see customers enjoy lower prices on the consolidated Go Monthly proposition. Under the new proposition, the Go Monthly 1K plan will go for Sh1,000, down from Sh1050; the 2K plan will go for Sh2,000 down from Sh2,100; the 3K plan will go...
Kenyan telecoms company Safaricom has launched its 5G home broadband service on a commercial basis, having piloted the fixed wireless access (FWA) network since March 2021. Three home 5G tariffs are advertised, offering speeds of 10Mbps and a monthly data allowance of 300GB for KES3,499 (USD28.7) per month, 40Mbps and 500GB of data for KES5,999...
Safaricom customers will now be able to keep their lines active for a period of up to two years without topping up. This is after the telco unveiled the Daima service which will offer packages that range from six months to two years, allowing customers to keep their lines active during long periods of inactivity....
Kenya’s leading telco Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the popular Fuliza overdraft facility. Fuliza was launched back in January 2019 and the service allows M-Pesa customers to send money or pay for goods and services even when they have insufficient funds in their accounts. The new restructuring will now see customers transacting...
East Africa’s telecom leader, Safaricom, announced on Thursday the appointment of Cynthia Karuri-Kropac as its new Chief Enterprise Business Officer. The appointment will be made effective 1 September 2022. She is set to replace Joseph Wanjohi, who has been serving in the post in an acting capacity since May of this year. Wanjohi was appointed...
With the accelerating digital transformation, the needs of businesses and individuals are multiplying around the world. Telecommunications operators are exploring different formulas to meet this demand. Finnish technology company Nokia announced on Monday, August 22, the successful testing of its fixed wireless access (FWA) network segmentation solution on Kenyan telecommunications company Safaricom’s commercial network. This solution allows...
Safaricom customers will be able to transact with merchants using a Pay Bill solution and also via the Airtel Kenya and Telkom Kenya networks. This opens up opportunities for merchants because customers will not be limited by their networks and thereby boost the adoption and convenience of making cashless payments, Safaricom stated. Boniface Mungania, Tribe...
Safaricom, a Kenyan mobile operator company, made an Sh50 billion ($423.8-million) profit before tax from its M-Pesa mobile money service in the year ended in March 2022. According to Business Daily, the performance statement shows that while M-Pesa business contributed 49 percent of the telco’s profit before tax of Sh102.2 billion ($14.7-billion), its revenue of Sh107.7...
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...
