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Safaricom Seeks Approval to Build Kenya’s First Telco-Owned Undersea Cable

Kenya’s telecommunications giant, Safaricom, is taking a bold step to transform the country's connectivity landscape by seeking regulatory approval to build its own undersea cable. According to local publications, Safaricom has filed an application with the Communications Authority of Kenya...

Genghis Capital Accuses Safaricom of Business Fraud Over Money Market Fund Dispute

Kenyan investment bank Genghis Capital has accused telecommunications giant Safaricom of business fraud following the launch of Safaricom’s new money market fund (MMF), Ziidi, in November 2024. The dispute centers around Safaricom’s alleged stalling of their previous joint fund,...

Safaricom Ventures into Device Insurance: Cost & Benefits

In a move to expand its service portfolio and tap into the burgeoning device insurance market, Safaricom has announced plans to partner with insurance companies to provide cover for millions of mobile phones. The initiative, led by Safaricom Insurance...

Safaricom’s Pochi La Biashara: How to Opt In

Running a small business in Kenya can be challenging, especially when it comes to managing finances. Safaricom’s Pochi La Biashara offers a revolutionary solution designed to simplify financial management for small business owners, including food vendors, kiosk operators, and...

Safaricom Launches Ziidi Money Market Fund to Expand Digital Investment Options

Safaricom, in partnership with Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited, has announced the launch of Ziidi Money Market Fund (MMF), a digital investment platform integrated into its M-PESA ecosystem. Approved by the Capital...

Safaricom’s M-PESA Reaches 34 Million Customers

Safaricom's mobile money service, M-PESA, has achieved a remarkable milestone of 34 million customers as of November 2024, transforming Kenya's financial technology landscape. Dr. Peter Ndegwa, Safaricom's CEO, emphasized the achievement's significance, describing it as more than just a number—a...

Safaricom Launches ‘Wai Ndai’ Challenge: Win Cash and Suzuki Altos Through Online Gaming

Safaricom has launched the 'Wai Ndai' Challenge, a 90-day online gaming competition that promises to captivate Kenya's youth with thrilling gameplay and substantial prizes. Running from 16th November 2024 to 15th February 2025, the challenge offers participants an opportunity to...

Safaricom CEO Peter Ndegwa’s Annual Pay Drops KSh 60.8M as Company Profits Decline

Safaricom CEO Peter Ndegwa's total compensation package has decreased by KSh 60.8 million in the financial year ended March 2024, according to the telecommunications giant's latest annual report. The reduction in executive compensation comes amid a significant drop in...

Uber, Safaricom Partner to Provide Free Data For Riders and Customers

Uber has announced a strategic partnership with Safaricom that will provide free data bundles to drivers, delivery partners, and customers using Uber and Uber Eats platforms. This initiative addresses one of the key barriers to digital service adoption in...

Safaricom Gets ISO 27701 Privacy Management Certification Amid Controversy

Safaricom PLC, East Africa's leading telecommunications provider, has shown off its ISO 27701 Privacy Information Management System (PIMS) certification granted by the British Standards Institute (BSI) on October 16, 2024. This establishes Safaricom as one of the first Mobile...