A neighboring country to Kenya where Safaricom has expanded its services, marking a significant step in regional telecommunications.
Standard Bank & Safaricom Telecommunications Announce USD 138 Million Partnership
Standard Bank partnered with Safaricom Telecommunications to fund USD138 million for digital infrastructure in Ethiopia. The bank acted as the sole arranger, lender, and facility agent for the term facility to Safaricom Telecommunications Ethiopia PLC.
Kenya moves to split Safaricom as debt pressures mount
Kenya is considering splitting Safaricom into three separate units: a telecommunications firm, a tower operator, and M-PESA. The government plans to reduce its ownership in Safaricom as part of a divestment strategy to raise KSh 149 billion ($1.16 billion).
Kenya to roll out national crypto policy and VASP bill
Kenya's government is embracing Bitcoin and blockchain technology, signaling a shift towards a digital economy. Cabinet Secretary William Kabogo announced plans for a National Policy on Virtual Assets and a Virtual Asset Service Providers Bill in Kenya.
Why African Merchants Struggle with Cryptocurrency Adoption
Over half of potential users in Africa lack understanding of cryptocurrency basics and blockchain technology. Regulatory uncertainty across African countries creates confusion and discourages cryptocurrency adoption.
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.
