Safaricom Ethiopia has agreed in principle to share the cell sites and tower assets of incumbent Ethio Telecom, but a deal has yet to be finalised In May last year, a consortium led by Safaricom won a telecoms operating licence in Ethiopia for roughly $850 million, intending to break up...

Mobile money transfer platform M-Pesa has crossed 30 million users in Kenya as traders accepting payments through Lipa na M-Pesa doubled, cementing Safaricom's dominance in digital transactions in the country. The giant telco's chief executive Peter Ndegwa announced Thursday that Kenya accounted for more than 30 million of the platform’s...

Safaricom   has made it to the shortlist of six firms that have been cleared to bid for one of two Ethiopian telecoms licences that will be offered this year. The Ethiopian Communications Authority has whittled the list down from a consortia of 12 that had expressed interest in entering the...

Safaricom, the biggest company in Kenya, saw its net income fell by 6% to 33,1 billion shillings (178 million euros) in the six months through September. "Like everybody else, we were not spared," Chief Executive Officer Peter Ndegwa said, referring to the Covid-19 crisis....

Safaricom entered the fixed internet connections to homes and offices market in 2017, and this is the second time it has topped it. According to the Communications Authority (CA) latest industry report, Safaricom had 207 398 subscribers in the period under review while the Wananchi-owned Zuku had 201 605 or...

Joseph Micheal has been appointed as the new board chairman to start effectively on 1st August taking over Nicholas Ng'ong'a who has served for the last 13 years....

The mobile operator Safaricom published positive financial results for the 2020 financial year, which ended on March 31. Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 13.5% to stabilize at 101.5 billion shillings (947 million USD)....

With the coronavirus epidemic and widespread containment, the Kenyan telecom operator Safaricom reported on Tuesday 14 April a 70% increase in the use of data on its network. The company, a subsidiary of Vodacom, explained this surge by an increased use of streaming, teleworking and social networks....

Kenyan operator Safaricom and his South African counterpart Vodacom announced on April 6 the acquisition of the M-Pesa mobile money platform from Britain's Vodafone. In a joint statement, the two operators said: "The acquisition of the M-Pesa brand, product development and support services from Vodafone was carried out through a...

The principal operation of telecommunications in Kenya, Safaricom, in offering the Kenyan government a partnership for two licenses of exploitation available for April 2020 In November 2019, ITWeb announced that Safaricom and Vodacom are willing to offer and entry to Ethiopia....