Safaricom’s M-PESA service has partnered with PayPal to allow Kenyans to move money easily between their mobile money wallets and PayPal accounts. The new partnership is expected to benefit over …
M-PESA
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Kenya’s Trade Minister Says Country Now Leads Africa’s Digital Revolution
Trade Cabinet Secretary Lee Kinyanjui has declared that Kenya is now leading the charge in Africa’s digital transformation, citing strong gains in internet connectivity, digital innovation, and a shift away …
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BusinessDigital EconomyEastern AfricaFinance & ServicesTechnologyTelecommunications
M-Pesa’s Market Share Drops as Airtel Money Gains Ground
Safaricom is beginning to feel the pressure in Kenya’s mobile money industry, as new data shows a steady drop in M-Pesa’s market share. For many years, M-Pesa has led the …
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AfricaAirtelBusinessBusiness InsightsCentral AfricaEastern AfricaFinance & ServicesFintechNigeriaTechnologyTelecommunicationsWestern Africa
Airtel Africa Targets Fintech Leadership with 2026 Airtel Money IPO
Airtel Africa is gearing up to challenge the dominance of African fintech giants with a planned initial public offering (IPO) for its mobile money arm, Airtel Money, set for the …
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BusinessDigital EconomyEastern AfricaEthiopiaFinance & ServicesINVESTMENTKenyaKenya NewsSafaricomTelecommunications
Safaricom Makes History with Over $3 Billion Revenue, Eyes Bigger Growth in Ethiopia
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
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AfricaBusinessEconomyEthiopiaFinance & ServicesKenya NewsSafaricom
Safaricom Consortia To spend Sh36.3 Billion Annually In Safaricom Ethiopia
Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa said the amount will be invested every year. This comes at …
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Banking, Finance & InvestmentEconomyEnergyKenya News
Kenya Power blocks third-party vendors from selling tokens
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …
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BusinessEastern AfricaFinance & ServicesInsurance
Kenya’s M-Pesa mobile money service offset against the risk of non-payment
Safaricom has taken up insurance worth $444 million (Sh52.9 billion) for its M-Pesa mobile money service as cover against the risk of non-payment by users and partners in its growing …