Kenya's largest telecommunications company, pivotal in the country's digital infrastructure and financial inclusion through its mobile money platform, M-PESA.
Kenyan MPs open inquiry into $1.5bn Safaricom stake sale amid valuation and control fears
Kenya's parliament opens hearings into the government's decision to sell part of its stake in Safaricom. The government plans to sell 15% of Safaricom to Vodacom for KES 204 billion ($1.5 billion).
2026 will force African tech to grow up
The tech ecosystem in Africa is moving towards hard institutionalization in 2026. Standalone fintech apps are becoming obsolete, with success shifting to companies supporting non-tech sectors.
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.
Safaricom raises $154m as investors flood its bond sale
Safaricom raised KES 20 billion ($154 million) from the first tranche of its medium-term note programme. The company initially targeted KES 15 billion ($116 million) but received applications totaling KES 41.4 billion.
