Safaricom News

Kenya's Safaricom's overdraft service exceeds expectations -CEO

NAIROBI (Reuters) - Kenya’s biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO’s expectations, he said on Thursday.

Reuters , Africa Jan 17, 2019

LIGAWA: SIM swap fraud threatens online banking

FRAUDSTERS Indeed, Safaricom, one of the major wireless service providers, admitted that Sh20 million was lost to mobile money fraudsters last year.

Daily Nation , Kenya Jan 16, 2019

Telkom pumps Sh 1 billion in network expansion, to introduce balloon network towers

Telkom plans to use part of the investment to further expand Fiber-to-the-Building (FTTB) Network, a market currently led by Safaricom.

The Star , Kenya Jan 16, 2019

Remote areas reap benefit of link to telcos’ network

Today, the Communications Authority of Kenya (CA) has contracted Safaricom to set up a base transceiver station in the area, which enables business people like Ms Ekiru to withdraw money directly from their banks into M-Pesa accounts and shop for goods.

Business Daily Africa , Kenya Jan 16, 2019

Airtel set to buy Telkom, targets May/June for IPO | The Guardian Nigeria Newspaper - Nigeria and World News

Telkom Kenya is the third-largest telco in Kenya with over five million users, behind market leader Safaricom with over 30 million and Airtel Kenya, with 10 million-plus customers.

The Guardian , Nigeria Jan 15, 2019

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 dials Telkom for share sale deal

India’s Bharti Airtel is in plans to buy out 50 per cent of Telkom Kenya to create a stronger challenger to Safaricom, sources close to the two have revealed.

The Star , Kenya Jan 14, 2019

Kiambu village where residents have never had phone signals

providers fined One of the residents, Timothy Njihia, reveals he had written letters to Safaricom, Airtel Kenya and Telkon Kenya, asking them to enhance connectivity in the area.

The Star , Kenya Jan 14, 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