Scom News

Citi lifts Safaricom stock to 'buy' on M-Pesa overdraft

Capital Markets Citi lifts Safaricom stock to 'buy' on M-Pesa overdraft Citi Global Markets has revised Safaricom #ticker:Scom stock from ‘neutral’ to ‘buy’ status, tipping the new overdraft features on M-Pesa and growing e-commerce to push the net earnings above Sh61 billion.

Business Daily Africa , Kenya Jan 15, 2019

Airtel, Telkom in talks to take on Safaricom

Airtel Kenya has revived talks with Telkom Kenya for a possible merger or buyout that is expected to create a financially strong outfit to compete with market leader Safaricom #ticker:Scom.

Daily Nation , Kenya Jan 14, 2019

Safaricom, Telkom connect thousands in Kilifi and Kwale

Companies Safaricom, Telkom connect thousands in Kilifi and Kwale Residents of remote villages of Kilifi and Kwale counties can now make and receive calls after Safaricom #ticker:Scom and Telkom Kenya installed base transceiver stations in a Sh1.24 billion project with the sector regulator.

Business Daily Africa , Kenya Jan 14, 2019

India's Bharti Airtel in talks to buy Telkom Kenya

Companies India's Bharti Airtel in talks to buy Telkom Kenya India’s Bharti Airtel is in talks to buy Telkom Kenya, the country's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, #ticker:Scom three industry sources told Reuters on Monday.

Business Daily Africa , Kenya Jan 14, 2019

Telcos connect remote areas in Sh1.2bn deal

Telecommunications firms Safaricom #ticker:Scom and Telkom have won tenders worth Sh888 million and Sh350 million respectively in a deal with the Communications Authority of Kenya (CA) to build base transceiver stations to boost network connectivity in 78 remote sub-locations across the country.

Daily Nation , Kenya Jan 10, 2019

Telcos connect remote areas in Sh1.2bn deal

Economy Telcos connect remote areas in Sh1.2bn deal Telecommunications firms Safaricom #ticker:Scom and Telkom have won tenders worth Sh888 million and Sh350 million respectively in a deal with the Communications Authority of Kenya (CA) to build base transceiver stations to boost network connectivity in 78 remote sub-locations across the country.

Business Daily Africa , Kenya Jan 10, 2019

Safaricom rolls out M-Pesa overdraft facility to all its users

M-Pesa users can now send money or pay for goods and services when they have insufficient balance in their accounts after Safaricom #ticker:Scom rolled out Fuliza to all subscribers on its mobile money platform over the weekend.

Daily Nation , Kenya Jan 9, 2019

Investors count losses as NSE trade system fails

The slide in Safaricom’s #ticker:Scom share by more than a third at the NSE has pulled down the stock market to a 19-month low, reflecting the outsized influence the telecommunications firm wields on the market.

Business Daily Africa , Kenya Jan 9, 2019

Safaricom rolls out M-Pesa overdraft facility to all its users

Companies Safaricom rolls out M-Pesa overdraft facility to all its users M-Pesa users can now send money or pay for goods and services when they have insufficient balance in their accounts after Safaricom #ticker:Scom rolled out Fuliza to all subscribers on its mobile money platform over the weekend.

Business Daily Africa , Kenya Jan 8, 2019

NSE hits 19-month low in New Year selloffs

Market News NSE hits 19-month low in New Year selloffs The slide in Safaricom’s #ticker:Scom share by more than a third at the NSE #ticker:NSE has pulled down the stock market to a 19-month low, reflecting the outsized influence the telecommunications firm wields on the market.

Business Daily Africa , Kenya Jan 8, 2019