Tag Search : Safaricom

Telecom  |  Safaricom In Talks With Potential Partners For Billion-Dollar Ethiopia Entry

Safaricom is reportedly in talks with undisclosed investors to form a consortium that will this year bid for one of two Ethiopian telecoms licences due to the extremely high entry costs that are likely to breach the $1 billion mark. ...
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Telecom  |  Kenya’s Safaricom Prepares To Roll Out 5G Network This Year - Reports

Safaricom has announced that it plans to launch Kenya’s first fifth-generation (5G) mobile internet services sometime this year. The telco said that the 5G network would target major urban centres, making it the very first operator to offer superfast commercial ...
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Safaricom Sues Data Company After $200K M-Pesa Loss - Reports

Safaricom has reportedly sued East African Data Handlers, a company it had hired to manage its mobile money payment platforms, following the massive loss of clients’ money amounting to $200 000.00. The cash was lost over two years ago in ...

Safaricom Share Price Rises Amid Ethiopia Entry Plans

Standard Bank Group (SBG) Securities has released a ‘buy’ recommendation on Safaricom’s shares in the wake of high returns following the announcement of entry plans for Ethiopia. A Research Analyst, Kuria Kamau said that Safaricom’s share price had risen 15 ...

Safaricom Takes The Lead In East Africa’s FTTH Market

Safaricom has taken Wananchi’s Zuku fibre service’s previous spot as the leader in Kenya’s fibre market, according to a new report released by the Communications Authority of Kenya (CA). The quarterly report (July - September 2019) indicates that Safaricom gained ...

Kenya: Safaricom Scores Notable Win From Airtel, Telkom Merger Approval

Safaricom has scored a sizeable win from the Competition Authority of Kenya (CAK)’s recent conditional approval of the proposed Telkom-Airtel merger. This comes after last week Friday’s approval by the regulator came with conditions that were in line with Safaricom’s ...

Safaricom To Launch Mobile Money Savings Plan In Kenya

Safaricom has announced that it will be rolling out a savings plan on its mobile money service, M-Pesa that will allow its customers to save money and also earn an annual interest. The platform, named Mali (which means ‘wealth’ in ...

Kenya: Safaricom In Joint Licence Bid For Ethiopian Entry

Safaricom has reportedly been forced into a joint bid for one of two Ethiopian telecommunications licences early next year due to the high entry fees that are expected to exceed the $984 million mark. The telecoms firm said that it ...

Safaricom Appoints New CEO

Kenya’s largest company by market value, Safaricom, has appointed Peter Ndegwa as its new CEO from 1 April 2020 in the midst of plans for regional expansion and rapidly rising competition in Kenya. Ndegwa currently manages Diageo’s operations in 50 countries ...

Kenya: Safaricom Increases Internet Share, Challenges Zuku’s Dominance

The latest industry data report by the Communications Authority of Kenya (CA) covering up to June shows that Safaricom increased its share of Kenya’s fixed Internet market to 32.7 percent over the last financial year- its highest in two years‑ ...

Safaricom Top Executives’ Shares Jump To $8.4Mil -Reports

The number of shares bought by Safaricom in an effort to reward its top executives has jumped to 32.2 million units with a tremendous market value of $8.4mil. Regulatory reports for July indicate that an additional nine million shares were ...

Kenya: Safaricom Calls For Level Playing Field In Airtel-Telkom Merger

Kenya's telco Safaricom has vehemently denied claims that it is out to interrupt the impending merger of Telkom Kenya and Airtel. In a letter sent to the media, the telecoms operator said that it supports any activity that is to ...