East Africa
Kenswitch & Absa Customers in Kenya to Use ATMs Interchangeably
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SportPesa Founders Cash in $65.2-Million Dividend in Four Years
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Absa Kenya Returns to Court to Challenge Tax Dispute
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LinkedIn Has Increased Membership Fees in Kenya
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Zuri Health Chalks Up $1.3-Million to Expand Across Africa
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ICT Authority & Kodris Africa Collaborate to Implement Coding Curriculum in Kenya
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Kenyan Government Seeks to Control Safaricom Call Charges
The Kenyan government wants to control the rates that Safaricom charges rivals for terminating calls on its network to protect small telecommunications firms. The new regulations set by the state seek to bar dominant telcos from making profits from mobile termination rates (MTRs). In this regard, Safaricom will now charge fees to cover only the costs of interconnecting calls from its competitors. MTRs, according to Business Daily, are the charges levied by a mobile service provider on other telecommunications service providers for terminating calls on its network. The Kenya Information and Communication (Interconnection) Regulations 2022 set the stage for the Communications Authority of Kenya (CA) to control Safaricom’s rates of interconnecting calls. However, this will only happen if Safa...
Minors Won’t Get Access to Loan Services in M-Pesa Junior Accounts
Image sourced from Kansas Discovery. Safaricom, a telecommunications provider in Kenya, confirmed that minors will not get access to loan services like M-Shwari and Fuliza. The Kenyan telco announced on Friday that it is introducing M-PESA Junior Accounts for individuals between the age of 10 and 18 years old. The company said that the minors will have access to the network via SIM cards registered under their guardians or parents. “We plan to soon launch an M-PESA Junior Product for our children who may have access to mobile phones,” Safaricom CEO Peter Ndegwa said. According to Techweez, M-Pesa makes the most money for the company, hence it wants to expand the scope of its M-Pesa services. It recorded a 30.3% YoY growth to KES 107.69 billion ($926.2-million). The total M-PESA transaction...
Xiaomi Redmi 10 Launches in Kenya – Price, Specs & More
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M-PESA Rakes in $1.5-Billion Amid Kenya’s Betting Craze
Image sourced from WeeTracker Kenyans have spent Sh169.1-billion ($1.5-billion) betting through Safaricom’s M-Pesa in the year to March. According to Business Daily, disclosures show that the value of bets jumped 23.8 percent from Sh136-billion ($1.2-billion) a year earlier. The Kenyan government is trying to crack down on gambling by imposing higher taxes both on the companies and those who are gambling. People in the country continue to bet despite this and Safaricom, the Kenya Revenue Authority (KRA) and other firms are scoring big time. Safaricom’s revenue from betting rose by 40 percent to Sh5.98-billion ($50.7-million) last year, placing it higher among other firms that are listed on the Nairobi Securities Exchange (NSE). The telco company relies heavily on business lines like data a...
Safaricom Partners with vivo to Launch Flagship Y15s in Kenya
The new Y15s. vivo Smartphone and Safaricom PLC have partnered to list the new Y15s flagship in Safaricom as it seeks to increase its footprint in the Kenyan market. The new partnership will see vivo’s latest products sold in Safaricom outlets and its online platform Masoko starting with the vivo Y15s, vivo Y21, and the vivo Y33s as it advances to offer more products to consumers and as it expands its portfolio. The launch of the vivo smartphones in Safaricom is set to increase smartphone penetration, fast-tracking Safaricom’s vision to drive digital inclusion in the country. “The partnership with vivo smartphone cements our commitment to bring our customers a variety of smart devices that will enable them to stay connected and have the opportunity to enjoy the benefits of higher spe...
Three Kenyan Firms Listed Among 100 Top Tech Pioneers
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