Safaricom
Safaricom to Start Hiding Identity of Subscribers on Lipa na M-Pesa
Sourced from Tech Weez. Safaricom will start hiding contact details of customers making payments through Lipa na M-Pesa at the end of June to curb trade and leaking of personal information to advertisers and fraudsters. “Pursuant to the Data Protection Act 2019 which came into law on 25th November 2019, Safaricom will be changing how they share data with Lipa Na M-Pesa Partners in general,” says Safaricom, East Africa’s largest telecom group, about its new privacy shift. According to Business Daily, the telco will only display the first name of subscribers who are making payments through the platform and a few digits of their phone number. Safaricom seems to be adopting the same model as the one used by banks in Kenya, in line with the data protection law, which was enacted in 2019 to prot...
Ethiopia Changing Laws to Prepare for M-PESA Launch
Image sourced from WeeTracker Ethiopia has reportedly started changing certain national payments laws in an effort to clear the way for Safaricom to launch M-PESA, Africa’s largest fintech platform, to the Horn of Africa country’s virtually untapped market of 110-million people. The National Bank of Ethiopia (NBE) has drafted a bill that will allow foreign investors to launch and operate mobile money services in the country, making way for companies like Safaricom, which is planning to begin operations in Ethiopia within the year. Last year, a consortium led by Safaricom and Vodafone secured Ethiopia’s first-ever private mobile telephony license for $850-million, however, the deal did not include or permit mobile financial services like M-PESA. According to Business Daily Africa, the NBE n...
Visa Opens its First African Innovation Studio in Kenya
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Agritech: How Leveraging Technology Can Help African Farmers
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Nokia G21 Launches in Kenya: Specs, Price & Availability
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Safaricom Launches Shari’ah-Compliant Mobile Loans
Sourced from Tech Weez. Safaricom has partnered with Gulf African Bank to launch a Shari’ah-compliant mobile financial service, Helal Pesa, in Kenya. According to Tech Weez, the product is the first Shari’ah-compliant mobile and digital solution in the East African country. Customers accessing financing through the service will receive the amount requested in full with a repayment period of 30 days at a 5% commodity Murabaha margin, according to Tech Weez. Abdalla Abdulkhalik, MD – Gulf African Bank, said Kenya is now a highly innovative, interconnected, and fast-paced community that requires solutions on the go. “All our digital offerings including Halal Pesa, seek to directly address this aspect. Our current strategy is focused on digitization for financial inclusion. Our aim is to ...
Safaricom Hits 30 Million Monthly Active M-PESA Users in Kenya
Image sourced from Business Daily. Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark for its Kenya customers, according to Techweez. Techweez says that this new development follows after the product’s 15th birthday after its launch in May 2007. M-PESA has the most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana, and Egypt. “The growth in M-PESA customer usage has been driven by the launch of various innovations over the years including financial services such as M-Shwari, KCB M-PESA, and Fuliza,” Peter Ndegwa, CEO of Safaricom, said. Last year, Safaricom launched the M-Pesa Super app that enables users to request payments, s...
Tower Sharing Deal in the Works Between Safaricom & Ethio Telecom
Sourced from CGTN. Safaricom has reportedly begun negotiations on a new infrastructure sharing deal with Ethiopian rival and state-owned entity Ethio Telecom. This comes as the Kenyan telecom company and its consortium of investors prepare a much-anticipated launch in the Horn of Africa country over the next month. CEO of Safaricom in Ethiopia, Anwar Soussa, says that the company is currently working with Ethio Telecom and state regulator Ethiopia Communication Authority (ECA) to finalise all the details of the partnership. Safaricom is seeking to leverage the sparse, but already-existing tower infrastructure, as well as cell sites, masts and other active elements such as network roaming, that Ethio Telecom is maintaining to boost its initial launch, with the telco and its consortium expec...
Safaricom Builds Ethiopian Data Centre Worth $100M With 2 More on the Way
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Safaricom Pulls Staff Out of Ethiopia As War Nears the Capital City
Demonstrators take part in a rally in Addis Ababa, Ethiopia, on November 7, 2021, in support of the national defense forces. Image sourced from Eduardo Soteras, AFP via Business Daily Africa. East Africa’s leading telecom company Safaricom has reportedly evacuated some of its employees from Ethiopia, fearing disruption to its operations due to the ongoing armed conflict and civil unrest in the horn of Africa country. The firm evacuated employees from the country on Wednesday and Friday. Safaricom is part of a larger consortium that is aiming to start operations in Ethiopia sometime next year, after months of negotations with the Ethiopian government. The Safaricom consortium was awarded an operating license in the country by the government for an initial period of 15 years. A number of nat...
Safaricom to Take All M-PESA Services Offline – When, Why & How Long
Image sourced from WeeTracker Safaricom is set to take down all M-PESA services from Saturday 6 November 2021 at 23:59 until Sunday morning 04:00 – effectively for four hours as Kenya’s largest telecom company conducts maintenance on its services for around the 10th time this year. The company says that all M-PESA services, including the purchasing of airtime, will be inaccessible during these 4 hours in the very early morning, a time which Safaricom says, “has been planned to result in the least of inconvenience to our customers.” “We apologize for any inconvenience that may be caused and thank you for your continued support.” Safaricom is asking those whose businesses may be affected by the outage to make necessary arrangements to “cushion” the impact of the services being offline. While...
