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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...

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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...

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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...