Move over M-Shwari and KCB M-Pesa, Fuliza now the new lending king
It started with M-Kesho—the ill-fated product launched by the mobile service provider in partnership with Equity Bank in 2010.
By Patrick Alushula | 3 days ago
Flagging shilling adds Sh1.1b to Safaricom’s debt servicing load
The shilling lost 0.97 per cent to the dollar in the six months to September compared to a similar period last year.
Patrick Alushula | 6 days ago
Safaricom makes formal move to get Ethiopia M-Pesa licence
Kenyan telco was granted approval to operate telecommunication services in neighbouring country in May this year.
Patrick Alushula | 14 days ago
Nov 16, 2021
Africa’s mobile subscribers to wait longer for cheaper call rates
Nov 14, 2021
Cash-minting tech juggernaut: The rise and rise of M-Pesa
The value of transactions on M-Pesa grew by 51.5 per cent to Sh13.7 trillion in the six months to September - about 13 per cent of the country’s GDP.
Nov 11, 2021
Safaricom defies Covid-19 to post Sh37b net profit in six months
Safaricom has recorded Sh37 billion net profit in the first six months to September 2021.
Nov 10, 2021
Safaricom lends Sh1.3b daily as Fuliza gets 700,000 new borrowers
Borrowings from Safaricom’s overdraft facility rose to Sh1.34 billion daily in six months to September this year as economic hardships pushed 700,000.
Nov 10, 2021
Safaricom posts Sh37 billion in half-year profits
Safaricom posts Sh37.1b 2021/22 half-year net profit, representing a 12 per cent increase from previous year's Sh33.1b; M-Pesa attributed to growth.
Nov 09, 2021
Bharti’s loans strategy bleeds Airtel Kenya dry
More than 11 years since Bharti Airtel purchased Zain and rebranded to Airtel Kenya, the dynamics of the country’s telecommunications market changed.
Electrifying speed earns Ibrahim Ndung’u top spot at IDPA Chairman’s Cup