A mobile money transfer service launched by Safaricom that has revolutionized financial transactions in Kenya, significantly contributing to the economy.
Equity Group Expands Rigorous Anti-Fraud Drive to Uganda Amid Deepening Governance Overhaul
Equity Group has initiated a 'culture of accountability' campaign in Uganda to reinforce internal controls. The campaign follows the dismissal of more than 1,500 Kenyan staff over alleged fraudulent activities.
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.
