Telcos are the new banks’ – Safaricom Plc sets eyes on Kenya’s Money Market
Safaricom Plc, Kenya’s leading mobile firm, is looking for partnerships with fund managers and investment banks as it seeks to become a fully-fledged financial services provider. “Safaricom Plc is in negotiations More...
CBK ends free M-Pesa transfers
The Central Bank of Kenya (CBK) has lifted the waiver on mobile money transaction fees under Sh1000 beginning January. CBK says only mobile money transactions below Sh100 will be free as providers reinstate the More...
Kenya’s Biggest Company Says Politics is Hurting Profit Growth
Safaricom Ltd. said political uncertainty surrounding Kenya’s prolonged presidential election period had affected the performance of East Africa’s largest company after it reported a slowdown in first-half More...
Kenya’s obsession with politics leaves the Economic Front undefended as faceless capitalists prowl
On Tuesday this week a curious full page advert appeared on page 9 of this newspaper. After going through the advert signed by M. Buckers and L.R.M Kraan, I ran out of breath and called a corporate lawyer for interpretation. More...
Safaricom CEO Bob Collymore: M-Pesa could have conquered the world, but we didn’t — and this is why
The phrase “African solutions” has in recent years taken major meaning on the continent, but it unintendedly creates a canvas that is short of conquering global markets, the chief executive officer of Safaricom, east More...
Safaricom Criticizes Kenyan Antitrust Law Amid Political Dispute
Safaricom Ltd., East Africa’s biggest mobile-phone operator, criticized draft legislation it says seeks to punish the company’s dominant market share, amid reports Kenya’s state lawyer blocked the proposed More...
Telecoms in Kenya battle for shrinking landline phone market
Telecom companies in Kenya have intensified fight for the landline phone market even as the number of people using the network dwindles. The companies have come up with various incentives that include calling at More...
Safaricom signs security contract with Kenya’s government
Kenya’s largest mobile phone firm Safaricom said on Tuesday it had signed a deal with the government to construct a security system worth 14.9 billion shillings ($165.2 million). The project was given the More...
Safaricom pulls out of yuMobile Deal, Blames regulators
Kenya’s leading telecoms company, Safaricom has decided to pull out of the proposed acquisition of yuMobile’s assets, as a result of stringent conditions set by market regulator Communications Authority of Kenya More...
Safaricom to provide free broadband for Schools
Kenyan mobile operator, Safaricom will provide free broadband to public primary schools in Kenya, if the government will provide it with the required frequency spectrum, said the company’s CEO, Bob Collymore. The More...
