Topic: M-Pesa
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Safaricom becomes first listed firm in EA to cross USD3 billion annual revenue mark
May 09, 2025 at 10:44 AM
Safaricom has reported an 11.2 per cent rise in total revenue to Sh388.7 billion for the financial year ending March 31, 2025, making it the first listed company in the region to c...
Safaricom invests Sh40 billion in M-Pesa 2.0 upgrade to enhance mobile banking
Apr 25, 2025 at 12:00 PM
Safaricom PLC has committed a significant Sh40 billion ($300 million) to transform M-Pesa into an even more powerful and secure platform....
City mobile dealer battles Stanbic Bank Kenya over Sh7 million a ‘mystery loan’
Mar 10, 2025 at 10:50 AM
A mobile services dealer based in Nairobi has dragged Stanbic Bank Kenya to court, accusing the lender of facilitating a fraudulent Sh7 million loan that has now crippled its busin...
M-Pesa celebrates 18 years of mobile money, revolutionising fintech in Africa
Mar 07, 2025 at 03:14 PM
M-Pesa, the mobile financial service operated by Safaricom, has marked 18 years since its launch in March 2007, solidifying its position as Africa’s leading fintech platform....
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How NCBA's Sh12 million scholarship is unlocking the future for bright students
Feb 28, 2025 at 02:13 PM
On February 25, 2025, at the Railway Museum in Nairobi, a moment of transformation unfolded....
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NBA Africa, Safaricom unveil programme to promote youth basketball in Kenya
Feb 19, 2025 at 04:18 PM
A major boost for youth basketball in Kenya is underway as NBA Africa and Safaricom roll out the M-Pesa Jr. NBA program, a new initiative set to provide basketball training and fin...
Safaricom and Kenya banks criticise CBK's Sh25.9 billion fast payment plan
Jan 27, 2025 at 11:21 AM
A simmering debate has erupted between the Central Bank of Kenya (CBK) and two key players in the country’s financial ecosystem—Safaricom and the Kenya Bankers Association (KBA...
Mandatory local marine cargo insurance for all imports to take effect in February
Jan 08, 2025 at 10:27 AM
Kenyan importers face a critical compliance deadline as the enforcement of the Finance Act 2017’s marine insurance regulations takes effect on 14 February 2025, mandating that al...
Sh3.2 billion in M-Pesa accounts now in UFAA's hands as unclaimed funds mount
Dec 17, 2024 at 10:46 AM
Kenya’s growing pile of unclaimed financial assets has hit alarming heights, with Sh3.2 billion lying idle in dormant M-Pesa accounts alone....
M-Pesa clocks 34 million users in Kenya
Dec 05, 2024 at 03:44 PM
In November 2024, Safaricom’s mobile money service, M-Pesa, marked a significant milestone with 34 million subscribers....
CMA approves safaricom's Ziidi Money Market Fund, expanding financial inclusion
Nov 28, 2024 at 03:57 PM
The Capital Markets Authority (CMA) has granted Safaricom PLC approval to launch the Ziidi Money Market Fund as a Collective Investment Scheme (CIS), a move that promises to reshap...
KNBS notes 13.2 per cent surge in mobile money transactions to Sh6.5 trillion
Nov 19, 2024 at 01:56 PM
The Kenya National Bureau of Statistics (KNBS) has reported a remarkable surge in mobile money transactions, which hit Sh6.5 trillion in the first nine months of 2024....
Safaricom spreads festive joy with dealer, M-Pesa agent recognition in Eldoret
Nov 15, 2024 at 05:09 PM
Safaricom brought early festive cheer to its Rift Valley dealers and M-PESA agents during a special engagement dinner in Eldoret....
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BIMA: Safaricom secures licence from IRA to launch new insurance product
Nov 08, 2024 at 03:14 PM
Safaricom has been granted an insurance intermediary licence by the Insurance Regulatory Authority (IRA), officially paving the way for the company to introduce insurance services ...
Safaricom’s Sh983 billion boost powers jobs, innovation, sustainability in Kenya
Oct 24, 2024 at 08:20 PM
Safaricom has reaffirmed its dominant role in Kenya’s socio-economic landscape, injecting Sh983 billion into the economy while supporting over 1.28 million jobs in the last finan...
Safaricom marks 24 years of impactful transformation, service and innovation
Oct 23, 2024 at 04:21 PM
Today, Safaricom stands tall as a beacon of connectivity and innovation, celebrating 24 remarkable years since its inception in the year 2000....
Why Kenya's mobile money subscribers expanded by 1.1 million in just six months
Oct 14, 2024 at 05:37 PM
Kenya's mobile money subscribers realised a remarkable 2.76 per cent growth equivalent to 1.1 million subscribers, to reach a total of 39.8 million in the six months enging June 20...
M-Pesa Global expands to Ethiopia to boost cross-border financial inclusion
Oct 14, 2024 at 05:13 PM
In a groundbreaking move aimed at fostering financial inclusion and regional integration, Safaricom has extended its M-Pesa Global service to Ethiopia....
Kuria 'clarifies' comments on paybill and till numbers transitioning to virtual ETRs
Oct 11, 2024 at 01:05 PM
Moses Kuria, Senior Advisor to President William Ruto, has addressed recent media reports that he termed as misinterpretations of his remarks on Virtual Electronic Tax Registers (E...
Govt addresses reports on steps to deal with Sh7 billion Hustler Fund defaulters
Oct 03, 2024 at 06:33 PM
The government has now denied recent reports of its intention to deduct loans from mobile wallets for defaulters of the Hustler Fund, a programme designed to enhance financial incl...
