Business

Zuku back on top reclaiming fixed internet spot from Safaricom

Zuku back on top reclaiming fixed internet spot from Safaricom

Business
The latest industry data from the Communications Authority shows that Wananchi-owned Zuku is back on top and has reclaimed the top spot in fixed internet connections from Safaricom. This is in the last three months since December to control 35 percent of the market. Communications Authority said Zuku had 175,433 fixed home and internet connections as at end of December while Safaricom had 165,810 connections. Zuku grew subscribers by 23,885 in the review period compared to Safaricom’s 11, 207. Safaricom had emerged top in the quarter to September with the leadership switch reflecting heightened competition between the two for control of the local fixed internet market. Its market share stood 33 percent in December compared to 34 percent in September. “During the period under re
Peter Ndegwa takes over as CEO at Safaricom succeeding Bob Collymore

Peter Ndegwa takes over as CEO at Safaricom succeeding Bob Collymore

Broadband, Business, Internet, Mobile
Peter Ndegwa takes the leadership reins as Safaricom’s first Kenyan CEO, to succeed Bob Collymore, who died of cancer on July 1, last year, a move that will make him the first Kenyan to run the giant telco. He takes over from founding CEO Michael Joseph, who has been holding the position in an acting capacity since. The 51-year-old incoming CEO takes the reins at a time when businesses have been hard hit by the coronavirus global pandemic, meaning that he might have to work from home on his first day. But he was upbeat about the task ahead of him, seeing both the challenges and opportunities that the pandemic presents. “It is time to serve my country. There are two things that I value most, and that is humility and integrity. Integrity is about doing what you say and humility is k
Safaricom partners with Amazon Web Services

Safaricom partners with Amazon Web Services

Business
Safaricom has announced a strategic agreement with Amazon Web Services (AWS), which will see the Telco become a reseller of AWS services. The agreement is designed to accelerate Safaricom’s internal IT transformation, lower costs and provide it with a blueprint and skilled resources to assist customers with their journey to the cloud. Safaricom Plc CEO Michael Joseph said the agreement will allow the company to accelerate its efforts to enable digital transformation in Kenya. “We chose to partner with AWS because it offers customers the broadest and deepest cloud platform, overall commitment to security excellence, and a strong culture of customer obsession,'' Joseph said. In addition, Safaricom will be able to offer Amazon Web Services to East-African customers, allowing bus
Mastercard Foundation EdTech challenge in Africa

Mastercard Foundation EdTech challenge in Africa

Business, Startups, Technology
The Mastercard Foundation has selected 12 fellows for its inaugural EdTech challenge that will benefit from the Centre's support to expand their operations and improve secondary teaching and learning across the continent. Firms selected include Rwanda's O'Genius Priority, iCog Labs from Ethiopia, M-Shule, Kytabu Limited and Litemore from Kenya. Others are Chalkboard Education from Ghana, HITCH from Nigeria, Siyavula Education and Instill Education from South Africa. The Fellows were selected after Africa-wide proposal requests late last year where innovators were invited to submit proposals that either minimise out-of-classroom time for teachers or create and deliver enriched learning content that improves quality and relevance for secondary school learners. Head of the M...
Safaricom has joined the Valuable 500 Movement

Safaricom has joined the Valuable 500 Movement

Business
Kenya's telco giant Safaricom has joined the Valuable 500, a movement that brings together CEO's responsible for huge organisations to put disability inclusion on the global business leadership agenda. The company becomes the first in Kenya and fourth in Africa to join the movement that calls on influential business leaders and their brands to ignite systemic change by unlocking the business, social and economic value of the 1.3 billion people with disabilities around the world. Over 250 companies across 26 countries globally are now part of the campaign that was launched at the 2019 World Economic Forum’s Annual Meeting. Safaricom CEO Michael Joseph said the firm was guided by its purpose of transforming lives to join the initiative.  “Operating in a developing nation, we