Safaricom acquisition helps Vodacom buck low growth trend

2017-11-13 11:47

Mobile communications company Vodacom has managed to overcome tough economic conditions reporting growth in its profits, helped by the acquisition of a 34.94% stake in Safaricom.

Vodacom buys R36.7bn Safaricom stake in Kenya

2017-05-15 06:57

Vodacom has agreed to buy a 34.94% shareholding in Safaricom, giving the wireless operator majority control of Kenya’s biggest company.

Safaricom: No procurement wrongdoing

2016-05-20 17:48

Safaricom, Kenya's biggest telecoms operator, says a leaked report on procurement processes has not shown any wrongdoing.

Huge increase in African mobile money transfers

2016-02-24 16:15

A Western Union spokesperson says Kenya's Mpesa mobile phone-based money- transfer service is becoming more sophisticated.

Safaricom seals security deal with Kenya's govt

2014-11-25 17:14

Kenya's largest mobile phone network Safaricom said on Tuesday that it had signed a deal with government to construct a security system worth $165.2 million.

Big banks see rich opportunities

2013-12-09 19:11

Providing the world's poorest with access to financial products is a major growth opportunity as the market for affluent clients becomes saturated, a report says.


Vodacom CEO calls R34.6bn Safaricom deal transformative

2017-07-18 10:31

Vodacom shareholders have voted in favour of the acquisition of an indirect stake in Kenya’s Safaricom.

Remittances to Africa set to double

2017-04-23 07:30

WorldRemit, a British money transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access payment platforms via mobile devices and as expatriates send cash home.

Why M-Pesa is a success story in Kenya

2016-05-17 13:36

The news that SA mobile phone operator Vodacom is planning to drop the M-Pesa mobile money transfer service has come as a surprise to many analysts, considering the huge success it has seen in many African countries, especially Kenya.

Safaricom launches Kenya's first 4G service

2014-12-05 09:33

Mobile network Safaricom launched Kenya's first fourth-generation (4G) internet services on Thursday, seeking to capitalise on the country's growing mobile market.

Safaricom, Airtel seek to buy Yu

2014-03-03 19:30

Kenya's two biggest telecoms operators have made a joint bid for the smallest operator, Indian group Essar Communications' Yu, the industry regulator says.

Safaricom buys extra capacity in undersea cable

2013-12-04 18:43

Safaricom has bought extra capacity on an undersea fibre-optic cable, underscoring its need for more bandwidth.

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