Ethiopia will allow the Safaricom-led consortium to offer mobile money services throughout the country, signaling the end of Ethio Telecom’s monopoly over the service, local media reported late last week.   This step follows the government’s announcement earlier last week of re-opening bidding on second operator license including the right to operate mobile financial services.  Previously, any new entrant was barred from offering any mobile money based […]

venture now own M-Pesa

M-Pesa money services are now entirely owned by Safaricom and Vodacom’s joint venture, after a deal was made with Vodaphone, the mother company of Vodacom. The companies, retain a 50/50 split on shares and have acquisitioned all support services, product development, as well as future decisions and strategy. M-Pesa – ‘M’ standing for Mobile and […]

Safaricom takes steps to combat Coronavirus spread

In the midst of the coronavirus outbreak, Kenya’s telco Safaricom proposes a solution that could potentially decrease the rapid spread of the virus. The measures adopted by Safaricom are fairly simple. For the next 90 days, Safaricom will waiver transaction fees, as well as increase the daily limit for transactions. In the coming three months, […]