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Kenyan telecoms operator Safaricom has announced its financial results for the twelve months ended 31 March 2020, reporting a 4.9% rise in total revenue to KES262.6 billion (USD2.4 billion). Service revenue increased by 4.8% year-on-year to KES251.2 billion, driven by sustained customer growth, a rise in mobile and fixed data revenue, alongside M-PESA growth. The increase...

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Mobile data revenue for Safaricom has increased by 12% to record Kshs 40.67-billion according to the company’s full year results released today. The boost in revenue was driven largely by the growth of 4G smartphone use and favorable data packages including non-expiry data plans introduced earlier this year. The company is now seeking to introduce...

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Vodacom and Safaricom have completed the acquisition of the M-Pesa brand, product development and support services from Vodafone through a newly-created joint venture. According to a statement released to the media, the transaction – first announced in 2019, will accelerate M-Pesa’s growth in Africa “by giving both Vodacom and Safaricom full control of the M-Pesa...