Senior Safaricom managers were awarded 15.28 million shares with a current market value of Sh390 million for free in the year ended March as compensation for past performance. The employees …
SAFARICOM
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BusinessEconomyKenya NewsMarketsSafaricom
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BusinessEconomyEthiopiaSafaricomTelecommunications
Safaricom launches a commercial service in Addis as Ethiopia telecom to face stiff competition
Safaricom Ethiopia launches commercial services in Addis Ababa, ending the half-century old telecom monopoly that was under the control of Ethiopia telecom. At a press briefing held at the Hayatt …
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BusinessEastern AfricaINVESTMENTSafaricom
Safaricom value dips under Sh1trn on foreign investors after US rate hikes
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomyUncategorized
Ruto seeks deal with Safaricom to disburse cheaper loans to small traders
President William Ruto is seeking a deal with fintechs such as Safaricom to disburse cheaper loans to small traders at single-digit interest rates. The planned partnership will see the State …
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Banking, Finance & InvestmentEconomyKenya NewsSafaricom
Safaricom’s Fuliza reduces daily charges for loans below sh100 by 40 percent
Safaricom’s Fuliza has cut daily charges for loans below Sh1000 by 40 percent and introduced a three-day grace period. Daily charges on loans of up to Sh1000 will come down …
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Eastern AfricaEconomyFinance & ServicesOnline CoursesSafaricom
Safaricom partners with NCPWD to connect people with disabilities with job opportunities
Safaricom has partnered with the National Council of Persons with Disabilities(NCPWD) to connect persons with disabilities with job opportunities through an online portal. The portal, powered by IT service provider …
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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 …
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Safaricom has partnered with education technologies firm Kodris Africa to promote the study of coding in the country by allowing the purchase of lessons on the M-PESA app. Customers can …