Why Safaricom is under fire from MPs - Nation
4 days ago · Safaricom PLC headquarters in Westlands, Nairobi. Safaricom has found itself in the eye of a storm over allegations of breach of confidential subscriber data with MPs hot on the telco’s heels. The lawmakers have also accused the telco giant of aiding State agents to track and abduct citizens, coming at a time when cases of abductions are on ...
Safaricom raises alarm over turning paybills into tax registries
4 days ago · Show plans. Safaricom says it is deeply concerned about the State’s plans to turn mobile money paybills and till numbers into a tax collection registry to weed out tax evaders and boost revenue ...
Safaricom reaches 52 million subscribers in Ethiopia
5 days ago · Safaricom, East Africa’s largest telecom operator, led by Kenyan tycoon Peter Ndegwa, has reached a significant milestone in Ethiopia, surpassing 52 million subscribers—46 percent of the country’s 112 million population—just two years after entering the market. The telecom giant reported this milestone with its half-year results ...
Ethiopia: Safaricom to renegotiate leases to offset birr slide
6 days ago · Safaricom CFO Dilip Pal says lease adjustments could offer relief, but securing favourable terms from Ethiopian partners like Ethio Telecom may prove challenging. Safaricom Plc is weighing the option of renegotiating its lease agreements – mainly those priced in foreign currencies – with key infrastructure owners in Ethiopia should the birr ...
Safaricom receives license to offer insurance services to M-PESA …
Nov 7, 2024 · domestic 2 key measures Safaricom has taken to protect customer data. This milestone allows the company to offer insurance services through M-PESA, its popular mobile money platform. CEO Peter Ndegwa announced the news during the company’s H1 2024 earnings presentation. This move is part of Safaricom’s strategy to transform M-PESA into a ...
Safaricom Newsroom | News & Stories of Lives Transformation
The Safaricom Newsroom is a one-stop shop for stories about the nexus between technology and people and stories about how Safaricom is transforming lives in Kenya.
09/05/2024 - Safaricom Earnings Hit KES140 Billion, Becoming …
Safaricom (NSE: SCOM) PLC has announced a KShs 139.9 Billion in its earnings before interest and tax in the period ending March 31 st 2024. At a group level, incorporating the startup costs and investments in Safaricom Ethiopia, the group closed at an EBIT of KES.94.9 billion, a 3.5% growth year on year.
Safaricom signals higher dividend on better-than-expected profit
Nov 10, 2023 · Safaricom Plc has signalled a raise in its dividend payout to shareholders under the current financial year after posting a better-than-expected profit for the half year to September despite significant startup costs in Ethiopia.
Kenya's Safaricom posts 139.9 billion Kenyan shillings earnings for ...
May 9, 2024 · Kenya telecoms operator Safaricom said on Thursday its group earnings before interest and tax, excluding Ethiopia, was 139.9 billion Kenyan shillings ($1.07 billion) in its full year to...
Kenya's Safaricom urges new requirements for satellite providers …
Aug 23, 2024 · Kenya's biggest telecoms company Safaricom has urged regulators to consider requiring satellite internet providers such as Elon Musk's Starlink to partner with local mobile network operators.