Safaricom, Airtel and Telkom Kenya will be required to split their telecommunications business from their mobile money transfer and lending units if a Bill set to be presented for debate in Parliament is passed into law. The Kenya Information and Communications (Amendment) Bill 2019, which is sponsored by Gem MP Elisha Odhiambo, is seeking to compel mobile phone companies to form separate arms to manage any other business they engage in outside telecommunications services. In a move that could complicate the business environment for the telcos, the Bill says they will have to apply for licences "from the respective regulators of any industry or sector ventured into". They will also be required to "legally split or separate the telecommunciations business from such other business. ...
Nairobi, Kenya – Jun 18 – Safaricom (NSE: SCOM) has today announced the availability of its “Reverse Call” feature enabling its more than 31 million customers to pay for calls for loved ones. The service enables a caller to transfer the cost of a call to the receiver by adding ‘#’ before the number they are calling. For instance, to transfer the cost of the call to 0722000000, a customer will dial #0722000000. “At Safaricom, we maintain our commitment to always provide our customers with relevant products in line with their needs. This innovation is in line with this commitment and has been tailored to mirror the relationships between our customers with a goal of empowering them to always remain connected with their loved ones,” said Sylvia Mulinge, Chief Customer Officer, Safaricom.
Today Jiji, one of the largest marketplaces for classifieds in Africa, has acquired their main competitor on the African market, OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania. The acquisition means Jiji will now be able to access 300 million people across five markets. This is something of a coup for a company originally from Ukraine, pulling off an acquisition in one of the world’s last huge, relatively untapped regions. The transaction is supported by one of Jiji’s principal investors, Digital Spring Ventures. Joining Jiji's family will allow OLX users in these countries to benefit from Jiji’s market-leading products and services. OLX's reach, combined with Jiji’s own proprietary search and delivery algorithms, will create a beneficial combination - giving users a
China’s Huawei Technologies needs to raise its “shoddy” security standards which fall below rivals, a senior British cyber security official said on Thursday, as the company came under increasing pressure internationally. The US has led allegations that Huawei’s equipment can be used by Beijing for espionage operations, with Washington urging allies to bar the company from 5G networks. British officials have also raised concerns about security issues but said they can manage the risks and have seen no evidence of spying. Huawei has repeatedly denied the allegations against it. “Huawei as a company builds stuff very differently to their Western counterparts. Part of that is because of how quickly they’ve grown up, part of it could be cultural – who knows,” said Ian
Kenya's BuuPass formerly known as Magic Bus, has fast grown into a startup making major strides, partly thanks to a $1 million cash prize they won from Hult Prize but mostly, the success can be attributed to the kind of partnerships they have been able to form the two years the startup has been in existence. Over 2,000,000 tickets including #MadarakaExpress sold so far on #BuuPass @buupass #DigitizingTransportKE @SafaricomPLC @Safaricom_Care #Mobility #PSV #Transport #SeamlessMovement pic.twitter.com/NXmTRd9zEE — bank·a·ble (@mbuguanjihia) May 28, 2019 So far, the Nairobi-based startup offers ticket booking services for Easy Coach and something that I learnt when I met up with the founding team, Sonia Kabra and Wyclife Omondi, BuuPass is also behind Kenya’s SGR online ticketing pl