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 …
M-PESA
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AfricaAirtelBusinessBusiness InsightsCentral AfricaEastern AfricaFinance & ServicesFintechNigeriaTechnologyTelecommunicationsWestern Africa
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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 …