Safaricom Kenya News
Safaricom Wins Legal Battle for M-Pesa 1 Tap
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Safaricom Introduces New Video Streaming Platform
Image sourced from Techweez Safaricom has launched Baze – its new video streaming platform – in Kenya. This subscription-based mobile-first service is expected to offer a wide selection of local and regional short-form videos in entertainment, music, news and sports. The telco says it is placing the entertainment Kenyans want at their fingertips while providing local content creators with an additional platform to share their stories and monetize their content. “The new service will offer customers a wide variety of video content and provide content creators an additional platform to monetize their content. We are looking to get the best forms of monetisation for creators and to give users a worry free experience when using the platform” says Kenyan business person, Sylvia Mulinge. “As we ...
Safaricom Forced to Split Dividend Payouts by CBK
Image sourced from Techweez The Central Bank of Kenya (CBK) has pressured Safaricom into dividing its dividend payouts in order to “shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors”, reports Business Daily. Kenya’s local currency has faced immense pressure in recent months following the collapse of the tourism sector due to the COVID-19 pandemic. According to people familiar with the matter, the CBK’s push is one of the “key factors for the firm to break its tradition of making a single dividend payment in August or September” – this comes after the telco announced its first-ever interim dividend of Sh0.45 in February. “Safaricom has to buy dollars from the market then repatriate the dividends. The dollar demand associated w...
