A mobile money transfer service launched by Safaricom that has revolutionized financial transactions in Kenya, significantly contributing to the economy.
Kenya to Reduce Stake in Safaricom Amid Soaring Debt, Signaling Shift for Telecom and Tech Sectors
Kenya's government aims to raise KSh149 billion ($1.16 billion) by selling stakes in state-owned enterprises, including Safaricom. The government has faced mounting debt servicing costs, paying approximately $5.5 billion in interest from July 2023 to February 2024.
Kenya’s Safaricom stake sale: what it means for its digital future
Kenya's government plans to divest 34.9% stake in Safaricom to raise KSh149 billion. The divestment aims to fund the 2025/26 national budget by offloading stakes in 11 state-owned enterprises.
The Next Wave: Rethinking what banks are for
The collapse of Credit Suisse highlights the failures of global banking systems. African banking is still influenced by colonial-era models despite advancements in fintech.
Why Kenyans are using mobile money more but sending less
Mobile money transaction value in Kenya fell by 19.6% from KES 790.8 billion to KES 636.2 billion over the past year. Active mobile money agents increased from 320,182 to 394,853 during the same period.
