Category: Safaricom
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Safaricom raises alarm over turning paybills into tax registries
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Safaricom says it is deeply concerned by the state’s plans to convert mobile payment bills and turn numbers into a tax collection registry to weed out tax evaders and raise revenues by billions of shillings. The telco says the government should be careful not to impact progress on digitizing payments…
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Safaricom raises alarm over turning paybills into tax registries
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Safaricom says it is deeply concerned by the state’s plans to convert mobile payment bills and turn numbers into a tax collection registry to weed out tax evaders and raise revenues by billions of shillings. The telco says the government should be careful not to impact progress on digitizing payments…
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Why CA gave Safaricom, Airtel temporary licences
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Safaricom and Airtel Kenya have been offered temporary operating licenses for two years, pending agreements on permit fees, how to allocate spectrum and penalties in the event of voice outages. The Communications Authority of Kenya (CA) has chosen not to grant companies permits during the traditional ten-year period pending a…
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President Ruto backs Starlink rivalry with Safaricom
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Kenyan President William Ruto has backed US billionaire Elon Musk’s Starlink venture into Kenya amid a plea from Safaricom to reconsider licensing satellite internet providers. Dr Ruto said at a US-Kenya Business and Investment Roundtable that Starlink’s entry is in line with the government’s policy of deepening internet penetration and…
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Safaricom pays Sh26bn final dividend early
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Safaricom has commenced its final dividend payment of Sh0.65 per share five days ahead of the payment date on August 31, continuing its practice of making early payments of its dividends to shareholders. Individual investors started receiving their payments through the M-Pesa mobile platform earlier this week, with the company…
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Safaricom records highest ever data traffic for streaming Euro finals
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Safaricom reported record data traffic on Sunday, at the height of the finals of two major continental tournaments in Europe and America – with many Kenyans opting to live stream matches on mobile phones and tablets. The telecom company’s disclosures indicate that data traffic flowing through its network during the…
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Ethiopia tops Kenya’s foreign assets on Safaricom entry
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Ethiopia has become the host of the largest stock of capital investment from Kenya in Safaricom’s expansion into that market, knocking Tanzania down to second place. Safaricom is investing billions of shillings heavily in its startup operations in Ethiopia. Tanzania and Uganda have traditionally been the top destinations for foreign…
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PS contradicts Safaricom, Airtel on Internet outage
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An internet outage that hit Kenya on Tuesday at the height of anti-finance bill protests across the country may have been “sabotage”, a senior government official has claimed, adding to the mystery around the incident. Radio and Communications PS Edward Kisianjani said saboteurs may have exploited the demonstrations to discredit…
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Safaricom condition throws M-Pesa split push into a spin
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Safaricom has revealed that it will only consider separating its mobile money platform M-Pesa from the rest of its telecommunications business if the move adds value to its investors and customers, signaling a difficult path ahead for the Central Bank of Kenya (CBK) which has been lobbying for the deal.…
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Safaricom maintains dividend as profit hits Sh63bn
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Safaricom maintained a dividend of Sh1.20 per share at Sh48.08 billion after net profit grew by 1.2 percent to Sh62.99 billion. The telecom company announced on Thursday that its board of directors has recommended a final dividend of Sh0.65 per share amounting to Sh26.04 billion to be in addition to…