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Kenya’s parliament has passed a new bill to regulate digital assets, including cryptocurrencies, according to a senior lawmaker. The legislation aims to boost investment by establishing clear rules for licensing and operating within the emerging digital asset industry. The Virtual Asset Service Providers Bill was enacted last week, as announced by Kuria Kimani, the chairman […]
M-PESA, Safaricom’s mobile money service, has declined for the fifth consecutive quarter, weighed down by increased interoperability and Airtel Money’s aggressive promotions, including transaction fee refunds as airtime. M-PESA’s market share fell by 2.3 percentage points to 91% in Q4 2024 compared to Q3, while Airtel Money grew from 7.6% to 8.9% in the same […]
The Kenyan government has ordered leading telecom firm Safaricom to stop processing payments for online sports betting companies. The directive, issued by the acting director of the Betting Control and Licensing Board (BCLB), Liti Wambua, comes after the regulator revealed that licenses for all 27 betting firms in the country had not been renewed, pending […]
Safaricom is battling with the country’s State-owned Ethio Telecom (Ethiotel) to control the expansive market of 112 million people. Safaricom has crossed the five million mark in subscriber numbers in the Ethiopian subsidiary, less than a year after its entry into the populous country where it is seeking to grab a significant market share with […]
Today, Safaricom Ethiopia takes a significant leap forward as it officially launches its M-Pesa mobile money service within the country. This milestone follows Safaricom Ethiopia’s acquisition of the Payment Instrument Issuer License from the central bank just three months ago —an empowering development that granted them the ability to offer mobile money services. The introduction […]
Last year, the ownership of mobile phones in Kenya increased to 64 percent from 61 percent in 2021, indicating that telecommunication companies, primarily Safaricom and Airtel Kenya, acquired more customers. Airtel Africa, which operates in Kenya and neighboring markets, published the data that excludes the influence of owning multiple SIM cards when assessing mobile penetration. […]
