The increase in the cost of energy has been one of Safaricom’s main concerns during the 2023 financial year. The company wants to reduce its costs to accelerate its growth. Kenyan telecommunications company Safaricom has signed a partnership agreement with Nokia to reduce energy consumption and costs across its 3G, 4G and 5G networks. The Finnish...
Safaricom had already launched an investment fund in 2014 called Spark Venture Fund. As it seeks to evolve from its current status as a telecoms company to a technology company, the company wants to go beyond just injecting capital. The Kenyan telecommunications company Safaricom announced on Wednesday, November 8, that it had launched a program called...
Airtel Kenya and Safaricom announced this week they are expanding 5G coverage across 35 counties. Kenya’s counties are geographical units and the East African country has 47 of them. Now, Bomet, Busia, Isiolo, Kitui, Mandera, Migori, Tharaka-Nithi, Trans Nzoia, Homa Bay, West Pokot, Embu, Kirinyaga, Muranga, and Turkana are among the new counties where 5G...
Safaricom, Kenyan telco, has approached the government for help in classifying telecommunications equipment as critical infrastructure. This comes in the wake of an uptick in vandalism recorded around the country. Safaricom CEO Peter Ndegwa highlighted during the unveiling of Kenya’s first device assembly plant that the sector has collectively invested in modern infrastructure that is...
Safaricom has increased its 5G coverage to select towns across 35 counties as it continues to empower its customers in 5G areas to enjoy superfast internet on the move, and for their homes and businesses. As part of the move to spur 5G uptake, the service provider has also slashed the price of 5G Wi-Fi...
Safaricom, one of Kenya’s leading mobile network operator revamped its in-country cloud computing platform and services, to help businesses and organisations digitise their operations offer flexibility and resilience to an ever changing environment. Powered by VMware The new cloud services, hosted in Data centres in Nairobi and Kisumu are powered by VMware technologies. The additional...
Safaricom has confirmed the resignation of its Board Director and longstanding employee Michael Joseph. Since joining the operator in 2000, Joseph has twice served as chief executive officer, as well as a stint as chairman of the board. He was the founding CEO of the company, and is credited by Safaricom as “steering the company...
In Kenya, Safaricom and Uber have partnered to launch a programme that enables users to pay for trips using the mobile payment system M-PESA. The telecom company says the partnership will help drivers without bank accounts, as about 20% of drivers on the platform do not have bank accounts and thus are unable to take...
The main active mobile money service in Ethiopia is Telebirr from the incumbent operator Ethio Telecom. Launched in May 2021, the service currently has 34.3 million subscribers. Telecom operator Safaricom Ethiopia is expected to launch its M-Pesa mobile money service before the end of the semester ending in September. This was disclosed by Vodacom Group Limited, a...
Africa’s largest fintech platform, M-Pesa, is ballooning, thanks to new growth areas such as lending and savings products that continue to gain traction. In the quarter ended in June, these growth vectors, lending and savings products, contributed almost 60% of the growth of M-Pesa. M-Pesa, jointly owned by Vodacom Group and Safaricom, is the continent’s...
