Tag: M-Shwari

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Broadband, Internet, Mobile
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. ...
M-PESA to experience interruptions as Safaricom upgrades

M-PESA to experience interruptions as Safaricom upgrades

Mobile, Technology
Safaricom, a telco giant in kenya has announced interruptions of its mobile money platform to pave way for an upgrading programme. This marks the third major upgrade since M-PESA’s launch 10 years ago, and the first such upgrade since the platform was moved from Germany to Kenya in 2015. According to a press release released by Safaricom, all M-PESA services will be unavailable for a period of two hours on 30th June 2017, from 1.00 A.M. to 3.00 AM. International Money Transfer (IMT), KCB M-PESA, M-Shwari and M-Kesho services will be unavailable on 5th July 2017 for a period of two hours, from 1.00 A.M. to 3.00 AM. In mid-July, Safaricom will conduct the changeover to the new platform, resulting in a 12 hour outage. A number of M-PESA services will also be sequentially withdrawn in the le