Browsing: Safaricom

In the future, Adanian Labs wants to get past the current phase, in which the flow of deals around the world is slowing down, and rise to power more start-ups and take over more markets across the continent.

In just two years, Adanian Labs has expanded out of Kenya and into Tanzania, Zambia, South Africa, and Nigeria, which are some of Africa’s biggest start-up and tech hubs.

It wants to have a presence all over Africa by 2025, and it is working hard to help build 300 companies in the next five years. In the meantime, the lab plans to set up shop in the Democratic Republic of Congo (DRC), Senegal, and the Ivory Coast. It is also thinking about using a franchise model to speed up its growth.

Adanian Labs start-ups can easily expand into other markets because they can use the existing infrastructure of the venture studio as …

• MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022
• Mulinge currently serves as Safaricom’s Chief Consumer Business Officer
• She has been at Safaricom for 16 years, where she served in different capacities, including General Manager Enterprise Business Unit and Director Consumer Business Unit

Telecommunications company MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022.

Mulinge currently serves as Safaricom’s Chief Consumer Business Officer. She has been at Safaricom for 16 years, where she has served in different capacities. These include General Manager Enterprise Business Unit and Director Consumer Business Unit, before assuming the role of Chief Customer Officer in 2018. In July 2021, she took up the role of Chief Consumer Business Officer.

In a statement, South Africa’s MTN Group announced the appointment, saying she brings on board experience in transforming customers’ lives using technology.

“A seasoned executive, …

• The Google product development centre in Nairobi has been launched weeks after Visa set up its first innovation centre in Africa
• Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker
• Visa’s innovation studio is the first in Africa and the sixth globally

The Google product development centre in Nairobi, Kenya has launched just two weeks after Visa set up its first innovation centre for the co-creation of payment and commerce solutions with partners.

Google, Microsoft and Visa join Cisco and Philips in setting up innovation centres strengthening Kenya’s Silicon Savannah moniker and as a tech investment hub in East Africa.

The tech giant’s facility, the first of its kind on the continent, is to create products and services that will have a significant impact on the African continent and beyond.

Besides the research and development centre, Microsoft has also …

• Safaricom has rolled out a campaign to offer technological solutions for enterprise and the public sector
• The company said it is seeking to leverage its connectivity and experience to venture into the technology space by expanding its tech solutions in the areas of digital business
• Safaricom is banking on its recent efforts to enable it to play a bigger role in digitising and transforming businesses in various sectors, including education, health and manufacturing

Safaricom has rolled out a campaign to position tech solutions for enterprise and public sector customers.

The Kenya-based telco said it is seeking to leverage its connectivity and experience to venture into the technology space by expanding its tech solutions.

The expansion is in the areas of digital business through cloud computing, cyber security and the internet of things (IoT) underpinned by IT consulting services.

Besides reinforcing its new business strategy to become a technology company, the …

Airtel Network Kenya, the second biggest telecommunications network, saw shareholder loans from its holding firm, Bharti Airtel Kenya BV, rise by 12.01 per cent from sh46.6 million in 2020 to sh52.2 million in the year ending December 2020.

The causes of the financial losses have been additional lending, forex losses as the shilling depreciate, and postponement in paying interests.
Capitalization interest due to being paid stands at Sh1.34 billion, which has disrupted cash flow in the firm.

Airtel Kenya said that the issued shareholder funds, revenue generated from its operations, and borrowing from external lenders had kept the company afloat.…

• Safaricom has recorded a 12.01% increase in profit after tax to hit KSh37.06 billion
• The growth in profitability was mainly driven by a 16.91% uptick in service revenue
• This was on the back of a recovery in Mpesa revenues coupled with a slower 14.7% growth in total operating costs

Safaricom has recorded a 12.01% increase in profit after tax to hit KSh37.06 billion in the first half of 2021/2022, from KSh 33.06 recorded in a similar period last year.

The accompany has attributed the growth in profitability to a 16.91% uptick in service revenue on the back of a recovery in Mpesa revenues coupled with a slower 14.7% growth in total operating costs.

The firm’s CEO said the pandemic dealt a major blow to the economy in 2020 but they are encouraged with the gradual recovery recorded across major sectors of the economy including the agriculture, manufacturing and tourism sector.…

• The telco sustained 190,273 direct and indirect jobs during the year
• Safaricom registered its first decline in full year profit in nine years, in the year ended March 2021
• The report seeks to illustrate how Safaricom is using a sustainable business model to address society’s needs

Safaricom’s latest sustainable business report indicates that the company created a total value of Sh664 billion for the Kenyan society in the 2020/2021 financial year, which is ten times greater than the profit made during the year.

According to the report’s ‘True Earnings’ highlights, the firm contributed Sh557.1 billion to the economy in the financial year, which is 5.2% of Kenya’s Gross Domestic Product (GDP).

The independent analysis of Safaricom’s true value to society identifies the socio-economic and environmental impacts of the company and quantifies them in financial terms.

“Our Sustainable Business report, which covers our last fiscal year from 1st  April 2020 to …

Kenya’s National Cereals and Produce Board has signed a Memorandum of Understanding (MOU) with Safaricom’s DigiFarm Kenya Ltd to help small-scale farmers in Kenya access post-harvest management services through the digital platform. 

The MoU comes at a time when a new survey has indicated that African farmers are missing out on agritech innovations that could supercharge the sector with opportunities for youth.

The board said it shall offer post-harvest management services to farmers present on the platform, while DigiFarm will connect NCPB to small-scale farmers, who will in turn, access NCPB services at prevailing rates.

DifiFarm bypasses middlemen, giving small-holder farmers direct access to low-cost seeds and fertiliser, credit providers, and bulk purchasers of their produce.

NCPB Managing Director J. Kimote said the MoU is aligned to the agriculture hub model that the board is required to establish under the Reforms.

“The hub shall provide a one-stop shop for farmers …

Africa’s healthcare sector is on the verge of digital transformation.

This is according to a policy paper that indicates that while governments are accelerating formal digital health strategies, 41 out of 54 African countries have a digital health strategy in place.

Vodacom’s e-health policy paper also finds that consumers are dramatically increasing their engagement with digital health services via their smartphones. Official data forecasts that by 2025, smartphone reach in sub-Saharan Africa will increase by almost 70 percent.

The policy paper indicates that as a result of increased smartphone reach, informal use of digital healthcare solutions has increased, with 41 percent of internet users across Africa regularly using their mobile phones to search for health information.

Overall, the policy paper notes that there has been an exponential rise in the number of people engaging with digital health services through their smartphones, creating vast potential for countries to deliver access to …

NAIROBI, Kenya, Jun 9 – East and Central Africa’s most profitable company Safaricom will help transform Ethiopia by positively impacting most sectors of the 112 million population economy.

This is according to Kenya’s President Uhuru Kenyatta who says the Kenyan telco’s entry into Ethiopia will help the economy make even greater strides in its areas of strength.

These include digital presence, mobile money, telephony, data and fibre connectivity, and business solutions among others.

Kenyatta spoke on Tuesday in Addis Ababa during the issuance of an operation license to the Safaricom led Global Partnership for Ethiopia consortium which won a Sh91.8 billion bid to operate in the country.

The licences are expected to bring an infusion of cash, jobs and infrastructure investment.

The consortium won a 15-year license in a competitive bidding process making it the first private telecoms player in the country.

It brings together Kenya’s Safaricom, South Africa’s Vodacom, …