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Browsing: Safaricom
Generally speaking, the proliferation of mobile phone technology has increased access to mobile money services (MMS) and is the backbone of mobile money deployment in both rural and urban areas of Africa.
“Despite its enormous benefits, embracing the usage and acceptance of mobile money has mostly been low due to security issues and challenges associated with the system,” warns professor Guma Ali from the Nelson Mandela African Institution of Science and Technology.
In a paper titled ‘Evaluation of Key Security Issues Associated with Mobile Money Systems in Uganda,’ the pundit suggests the need to carry out a survey to evaluate the key security issues associated with mobile money systems in Uganda (and Africa).
In the study that followed, which employed a descriptive research design, and stratified random sampling technique to group the population, some 741 registered mobile money (MM) users and 447 registered MM agents along with 52 mobile network operators (MNOs) IT officers participated.
Brand Finance ranked giant telecommunications company Safaricom as the most valuable brand Equity Group Holdings Limited has become one of the…
Safaricom has appointed investment banker John Ngumi as their new chairman, effective August 1, 2022 The company unveiled Ngumi as…
Kenya’s leading telcos have signed a landmark deal that will propel the mobile money space in the country Telkom, Safaricom,…
MTN Uganda has appointed Sylvia Mulinge of Safaricom as its CEO, effective September 1, 2022 Mulinge currently serves as Safaricom’s…
Safaricom has rolled out a campaign to offer technological solutions for enterprise and the public sector The company said it…
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…
The telco sustained 190,273 direct and indirect jobs during the year Safaricom registered its first decline in full year profit…
Kenya’s National Cereals and Produce Board has signed a Memorandum of Understanding (MOU) with Safaricom’s DigiFarm Kenya Ltd to help…