Kenyan tycoon Peter Ndegwa-led Safaricom secures second $116-million sustainability-linked loan
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
Ndegwa launches Safaricom's Sh1 airtime purchase option via M-Pesa, aiming to attract low-budget consumers and drive revenue growth.
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
Ndegwa, a seasoned executive with nearly three decades of experience has played a pivotal role in Safaricom’s recent success.
The Ethiopian unit will have its own CEO, senior executives and management team.
The bureaucratic bidding process seems to finally be nearing an end.
The Scan & Order solution will help digitize menus and ordering systems.
Foreign telecom companies will soon be able to launch mobile phone-based financial services.
The money is part of a $139.25-million payment for installing security and surveillance systems.
Investors rallied around the company as news spread that it is close to securing a license in Ethiopia.
MTN and Safaricom are fighting to clinch market share in the Ethiopian telecom sector.