Kenya's largest telecommunications company, pivotal in the country's digital infrastructure and financial inclusion through its mobile money platform, M-PESA.
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.
Six months on, Starlink still can’t serve new customers in Nairobi
Starlink has been unable to onboard new customers in Nairobi since November 2024 due to network capacity issues. At least ten customers have reported being locked out of services despite purchasing Starlink kits.
Safaricom explores satellite partnerships as competition with Starlink intensifies
Safaricom is exploring partnerships with satellite Internet firms to counter Starlink's influence in Kenya. Starlink has doubled its market share in Kenya within three months, adding over 8,700 new users.
Safaricom explores satellite partnerships amid rising Starlink pressure
Safaricom is exploring partnerships with satellite internet providers to expand broadband access. CEO Peter Ndegwa emphasized the potential growth in the broadband business during the company's earnings call.
