Telecoms company Safaricom launches Kenya’s first 5G network

KENYA – Safaricom, a mobile network operator, has announced the availability of 5G Wi-Fi to empower its customers with superfast internet at home and at work, complementing its growing fibre network. Safaricom became the first service provider in Kenya to announce 5G trials in March last year, and this development now empowers customers in 5G-ready areas to enjoy fast and…

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Safaricom announces 50 per cent reduction in Fuliza interest charges

KENYA – Safaricom and KCB Bank Kenya have announced a restructuring of the popular Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee for the first three days for transactions of KSh. 1,000 and below. The move benefits more than 80% of M-Pesa customers who seek…

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Safaricom Ethiopia set to receive US$160m from IFC to boost its capital expenditure

ETHIOPIA – The World Bank’s private investment arm, the International Finance Corporation (IFC), has announced plans to inject up to US$160 million in equity into telecoms firm Safaricom Ethiopia to help fund its capital expenditure. Safaricom Ethiopia, partly owned by Kenyan telecoms operator Safaricom, started phased operations in August in the country’s Dire Dawa city and Haramaya this month. IFC…

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Cynthia Karuri-Kropac joins Safaricom as Chief Enterprise Business Officer

KENYA – Safaricom, a mobile network operator, has announced the appointment of Cynthia Karuri-Kropac as its Chief Enterprise Business Officer effective 1st September 2022. Cynthia joins Safaricom from US telco AT&T, where she has been the Senior Director, Enterprise Mobile and IoT Technologies, since 2019. Her career at AT&T. spanned 19 years, having held various management and leadership roles. “With…

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Technology company Little invests US$6m in new office building

KENYA – Technology company Little plans to build an office building at the cost of up to KSh717.4 million (US$6 million) amid its expansion that has necessitated hiring more people. This will see the company launched six years ago exit from one floor rented from a three-storey-block owned by the parent company’s Craft Silicon on Waiyaki Way in Westlands, Nairobi.…

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Telecoms company Safaricom appoints John Ngumi as Director and Chairman of its Board

KENYA – The Board of Safaricom Plc has announced the appointment of investment banker Mr. John Ngumi as a director and Chairman of the Board with effect from 1st August 2022. The telco said the appointment is subject to regulatory approval. Mr Ngumi takes over from Safaricom first CEO Michael Joseph who is set to retire. John Ngumi is the…

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Airtel, Telkom customers can now make payments to Safaricom’s M-Pesa Pay Bill numbers

KENYA – Kenya’s mobile network operators: Telkom, Safaricom, and Airtel, have announced that Kenyans can now make direct mobile money payments to an M-PESA Pay Bill Number from any network. This move follows the telcos’ announcement in April this year, which saw Kenyans being able to make mobile money payments to M-PESA Buy Goods and Services Tills from any network.    …

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Safaricom partners Visa to launch virtual payment card for Mpesa users

KENYA – Kenya’s telco Safaricom and global digital payments leader Visa have partnered to launch a virtual payment card to enable Mpesa users make digital payments across the globe. The M-PESA GlobalPay Visa Virtual card will enable Kenyans to make cashless payments at VISA merchant locations across the globe. The M-PESA GlobalPay Visa Virtual Card will initially be available to…

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Safaricom appoints Michael Mutiga as its new Chief Business Development and Strategy Officer

KENYA – Safaricom, a mobile network operator, has appointed Mr Michael Mutiga as its new Chief Business Development and Strategy Officer, with effect from 1st May 2022. He will be in charge of strategy and acquisitions, underlining the telco’s quest to get a larger share of the financial services market. The appointment comes at a time the telco is seeking…

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Safaricom appoints Stephen Kiptinness as its new Chief Corporate Affairs Officer

KENYA – Safaricom, a mobile network operator, has announced the appointment of Stephen Kiptinness as its new Chief Corporate Affairs Officer, with effect from 1st May 2022, subject to relevant regulatory approvals. Stephen will be responsible for the organisation’s reputation management, public policy, legal and regulatory affairs. He will also steer the development and implementation of Safaricom’s corporate investment strategy…

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