Safaricom pre-tax profits down by 23.3%
May 21, 2009
Written by kenyanobserver in BUSINESS
Safaricom’s pre-tax profits for the fiscal year that ended in March fell by 23.3% to KShs 15.3 billion shillings (US $197 million). The drop has been attributed to financing costs.
Reuters
Guardian
How has Safaricom done since IPO?
May 18, 2009
Written by kenyanobserver in BUSINESS
Safaricom investors are waiting to find out whether they should reconsider their original plans of a quick kill and stay in for the long haul or dump the stock and look for greener pastures.The company is expected to release it’s annual results this Thursday.
One key factor investors want to know is just how much the [...]
M-PESA not yet profitable
May 7, 2009
Written by kenyanobserver in BUSINESS
Safaricom CEO, Michael Joseph. has told reporters during a conference in Johannesburg South Africa that it’s money transfer service M-PESA, although growing rapidly, is still not profitable. He expects the service to be profitable on it’s own but did not give a timeline.
Safaricom teams up with Western Union to pilot cross-border payments
December 8, 2008
Written by kenyanobserver in BUSINESS
Western Union, the US-based global leader in money transfer services and Safaricom have teamed up to test money transfers originating initially from a test location in Reading, Berkshire (UK) to a Safaricom M-PESA account in Kenya. The transfer should happen in within minutes similar to a Western Union transaction.
There was no mention of money transfers [...]
Safaricom’s in-building reception solution
December 1, 2008
Written by kenyanobserver in TECHNOLOGY
In order to provide better in-building reception, Safaricom, Kenya’s largest wireless provider is using ADC’s InterReach fusion solution.
According to the company, the technology developed by ADC ensures precise power flow to the antenna providing a high quality stable connection for users in the building. Another advantage is that it is possible to use existing structured [...]
Safaricom partners with Sybase 365 to offer 2-Way Inter-Operator International SMS
November 21, 2008
Written by kenyanobserver in BUSINESS
Safaricom, Kenya’s leading mobile service provider announced yesterday that they are partnering with Sybase 365, the leading 2-way SMS provider in the world, to provide international, inter-operator SMS services to it’s customers in Kenya.
TMC.net
Business Briefs: Claire Ruto appointed to top Safaricom post
September 19, 2008
Written by kenyanobserver in BUSINESS
Claire Ruto, the former corporate communications and regulatory affairs director at Zain Kenya has been appointed as the new chief corporate affairs officer effective September 1st, 2008.
.
.
Paying school fees will soon become a little easier as M-Pesa evolves
September 1, 2008
Written by kenyanobserver in KENYA
Business Briefs:Safaricom to get new CFO in ‘09
July 1, 2008
Written by kenyanobserver in BUSINESS
Telecom provider, Safaricom has announced that current CFO Les Baillie will retire in 2009 and will be replaced by Chris Tiffin, currently CFO at Celtel Nigeria.see also – Business Daily Africa
Business Briefs:Safaricom to get new CFO in '09
July 1, 2008
Written by kenyanobserver in BUSINESS
Telecom provider, Safaricom has announced that current CFO Les Baillie will retire in 2009 and will be replaced by Chris Tiffin, currently CFO at Celtel Nigeria.
see also – Business Daily Africa