Browsing: M-Pesa

Safaricom slides on weaker earnings outlook

Safaricom shares fell the most in four months after East Africa’s biggest company by market value said profit growth will slow even as the wireless carrier expands its popular mobile banking service.

Vodacom to extend mobile money to new markets

Vodacom Group sees the expansion of mobile banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35% stake in Safaricom, Kenya’s biggest company

Safaricom eyes new markets for M-Pesa

Safaricom may expand its popular mobile banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya. The sale of a 35% stake

Vodacom to acquire Safaricom stake for R35bn

Vodacom is buying a 34,9% indirect stake in Kenya’s largest mobile phone operator, Safaricom, from its parent company Vodafone. The South African-listed telecommunications group is buying 87,5% of

How M-Pesa transformed Kenya’s economy

A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased

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