All Financial Services vertical articles
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Public AffairsEnforced M-PESA spinout delayed by Safaricom $575bn tax exposure
Tax complication delaying spinout of transformational and potentially highly valued African mobile-money pioneer; Central Bank Governor keen to make faster progress on resolution, amidst desire to navigate its local dominance. Read more…
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Financial & PerformanceVodacom charges past 200 million customer mark
South African group posts positive Q3 numbers, headlined by customer base milestone.
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Financial & PerformanceSafaricom Ethiopia is yet to get M-PESA up to speed in race with Ethio Telecom
Safaricom Telecommunications Ethiopia hails “great momentum” for M-PESA but its flagship m-money offering remains dwarfed and outpaced by rival Ethio Telecom’s Telebirr, following the latter’s headstart.
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Venturing & InvestmentsSpark: Safaricom freshens venturing model with ecosystem approach
Having achieved mixed results from previous venturing endeavours, Safaricom’s latest startup call aims to provide greater support beyond capital injection.
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Public AffairsRumours linking Safaricom’s M-PESA outage to Kenyan tax agency denied
Kenya Revenue Authority accused of being responsible for M-PESA service disruptions, but labels rumours as “fake news”. Find out more about the allegations and the impact of disruptions…
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Financial & PerformanceEgypt in the spotlight as Vodacom revenues rocket
H1 FY23–24: Vodafone Egypt consolidation sees Vodacom revenue rise by more than 40%, with data customer and financial services growth playing a part.
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Network & InfrastructureVodacom DRC gets experimental with 5G, but 4G still top priority
Operator trials 5G services under the supervision of industry regulator, but questions remain over licensing criteria.
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Products & ServicesSafaricom launches M-PESA in Ethiopia, aims to mirror Kenyan success
Safaricom Ethiopia sets m-money platform live after three-month trial and Hibret Bank partnership.
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Strategy & ChangeOrange CEO downplays Ethiopia ambitions
Heydemann currently sees little opportunity for value creation in Ethiopia under current conditions. Read more about Orange’s MEA powerhouse strategy and Q2 performance, incl. Orange Money…
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Financial & PerformanceVodacom boosts revenue as Egypt proves its worth
Group’s Q1 results showcase strength of Vodafone Egypt addition, but revenue growth recorded with or without the North African OpCo.
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Partnerships & AlliancesSafaricom commits to Ethiopia’s digital transformation agenda
STE, JICA, and Sumitomo add signature to collaboration agreement as state seeks to further Digital Ethiopia 2025 strategy.
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Network & InfrastructureBT launches commercial trial for quantum metro network
HSBC named as the inaugural test case for the QKD-based network, with commercial trials now underway.
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Strategy & ChangeOrange starts withdrawal from retail banking in France, Spain
Group announces “exclusive negotiations” with BNP Paribas to facilitate exit.
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PremiumSafaricom granted licence for Ethiopian M-PESA launch
Ethiopian national bank hands Safaricom Telecommunications Ethiopia its mobile money licence, breaking state monopoly.
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PeopleDunne joins Patterson on Glow board as fintech targets telco
Former O2 chief adds another advisory post to his portfolio as emerging FinTech Glow sets its sights on telco-led expansion.
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PremiumVodafone teams with Citi, CDP to drive down Scope 3 emissions
Operator partners with Citi Group to grant preferential financing rates to suppliers that score highly against environmental performance criteria. Vodafone also ties with NPO CDP to design framework to encourage suppliers to reduce their own carbon emissions. Move represents an attempt to accelerate reduction of Scope 3 emissions.
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PremiumRebranded BT Pension Scheme division bags first client
BTPS’s primary service provider renamed Brightwell as part of move into world of fiduciary service provision.
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Partnerships & AlliancesT-Mobile MONEY partner secures two-pronged contract extension
White-label banking partnership extended until 2025.
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PremiumShared services hub to enable new market expansion in ‘One Africa, One M-PESA’ drive
Safaricom- and Vodacom-backed m-money venture launches new operations centre for centralised continental oversight.
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PeopleSafaricom installs KCB’s Waititu as fintech lead
Operator brings in Esther Waititu as Chief Financial Services Officer.