All Safaricom articles – Page 8
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PremiumElsewhere in Vodafone Africa: VodaPay reaches million milestone
Vodacom flags one million downloads of VodaPay SuperApp since launch; Safaricom expands Baze VoD platform to include music streaming.
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PremiumSafaricom outlines plans to tackle staff fraud
Telco forms fraud management squads to identify internal fraud. 28 employees fired in FY20–21 for fraud-related offences.
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PremiumElsewhere in Vodafone Africa: Vodacom SA switches on 5G
Vodacom South Africa continues 5G rollout; Telekom Kenya leads case against Safaricom to cut fees for cross-platforms transactions on M-PESA; Mondia Group providing technology VodaPay Super App.
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Network & InfrastructureRegulator: don’t let Ethiopia unrest slow network rollout
The Ethiopian Communications Authority has told STE to “expedite the project rollout” amid ongoing conflict in the country’s north. No wiggle-room in Q1 commercial launch deadline, despite Safaricom staff evacuation and national state of emergency.
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PremiumVodafone people moves: enterprise executives reshuffled
Several senior swaps at Vodafone Business, including a new Chief Marketing Officer and a handful of leadership changes at key verticals. TPG Telecom announces next CFO to fill vacant seat, and new CISO added. Vodafone Spain rejigs senior executives, splits Technology function.
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M&AVodacom expands into Egypt with Vodafone stake switch
Vodafone to increase its stake in Vodacom to more than 65% following the transaction. Internal deal follows STC’s failed mission to buy Vodafone Egypt during 2020.
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Financial & PerformanceSafaricom confident on Ethiopia despite ‘staff evacuation’
Staff safety and security a priority in Ethiopia, says Safaricom’s Peter Ndegwa, but progress remains on track despite distractions. Break-even forecasts braced for impact of conflict. Employees evacuated from Addis Ababa, according to reports.
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Suppliers & SCMSafaricom in talks with Kenya Power to install smart grid
Build, operate, and transfer deal reportedly under discussion.
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PremiumSafaricom to debut 5G in 2022
Kenyan operator extending 5G trials to “additional towns”; commercial launch slated for 2022. Operator looking to further boost mobile data revenue. Rival Airtel on 5G scene too.
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Public AffairsUK government defends Ethiopian mobile investment
Vodafone and CDC investment in Ethiopian mobile operator crops up in parliamentary debate on Tigray humanitarian crisis. Investment deemed to be “right” and long term. CDC emphasises role as impact investor with a lot of patience. Vodacom agrees to fund Safaricom Telecommunications Ethiopia.
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Partnerships & AlliancesVodafone sees sales dip from international tie-ups
Revenue from Group’s Partner Markets federation falls back amid pandemic and footprint reduction. Vodafone’s flow of cash from Africa takes a drop following rework of M-PESA business.
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Partnerships & AlliancesVodacom’s Super App cushioned if “politics” plays up
Vodacom CEO Shameel Joosub says operator’s VodaPay Super App smarts are protected if political changes affect Alipay. Alipay technology underpins Vodacom’s financial services growth plans. Super App set for commercial launch in South Africa this month.
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M&AVodacom aims for 100m fintech users on road to sale
CEO Shameel Joosub sets sights on nine-figure base to win better bargaining position with potential buyers and partners. Vodacom taking control of fintech offerings in Ghana and Egypt, to fuel expansion.
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Enterprise (B2B)Safaricom upping B2B ante with new marketplace
Kenyan operator looking to connect better with small business requirements. Move furthers Safaricom’s “fintech-anchored” digital growth strategy.
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PremiumVodafone people moves: Ethiopia hierarchy laid out
Inaugural leadership team named at Safaricom Telecommunications Ethiopia, with remaining executives reported in local press. Vodafone Ghana opens search for new CTO after incumbent exits for MTN. Further changes at Partner Markets after meld within Vodafone Business.
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PeopleSafaricom taps Guinness exec as Ethiopian CFO
Top finance and people hires confirmed as Safaricom Telecommunications Ethiopia plots build out. Startup operator aiming for 1,000-strong headcount to support 2022 launch.
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Strategy & ChangeEthiopian mobile: Tigray overshadows Safaricom-Voda market entry
Escalating conflict and humanitarian crisis spreads in northern region. Prime Minister Abiy Ahmed criticised for Tigray response, but undeterred on reform agenda and courting private investment. What is Safaricom-led OpCo getting into? Unrest brews challenging conditions, as US sanctions threaten OpCo funding. Vodafone keeps a low profile in Ethiopian ...
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Venturing & InvestmentsAfrican energy startup borrows $100m for scale-out plan
Safaricom partner Circle Gas secures nine-figure loan to drive expansion in African (and potentially Asian) markets. Targets include Nigeria and neighbouring markets of Kenya and Tanzania, where startup is already present. Capital needed for investment-heavy distribution platform.
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Public AffairsSafaricom split proposal all but quashed
Overwhelming majority of MPs choose not to engage in debate over Kenyan operator’s future structure. Controversial proposal does little to revive ghosts of the past.
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Strategy & ChangeSafaricom looks closer to Ethiopian fintech expansion
Newly established Ethiopian OpCo reportedly given green-light to offer fintech service by market regulator. But incumbent rival already gifted year-long head start in m-money services realm.