Safaricom ownership shifts as Vodacom buys 20% stake

A tripartite collaboration is launching a service to empower MTN MoMo agents with instant access to short-term finance.

The telco announced the move yesterday as it reported its interim results, which saw the telco bring in revenue of $55.64 million for the half-year ended September.

This milestone represents a significant shift in Kenya's digital economy, as businesses increasingly integrate mobile money directly into their systems.

The telecom company can now unlock smartphone ownership and provide credit access based on an AI-assisted credit rating algorithm.

Vodacom’s move to acquire more Safaricom shares could reshape East Africa’s mobile money landscape, giving the South African telco a firmer grip on M-Pesa and expanding its fintech influence across the region.

MTN Schools Digital Skills Challenge initiative launched via partnership between government and the private sector.

TelOne has launched Connect, a smartphone and laptop app designed to boost landline activity, grow voice revenues, and encourage customer loyalty.

Kiira Motors has launched an expedition across six African countries with its Kayoola electric coach, signalling Uganda’s ambitions to lead the continent’s EV revolution.

The mobile operator has launched VoLTE and 5G services in Lilongwe.

MTN Group’s latest update shows strong digital growth, with data customers rising to 165.8 million and fintech revenue up 35.7%, driven by soaring transaction values and a sharp jump in MoMo users across key African markets.

Ericsson’s new office in Zambia coincides with its ambitions to support 5G cellular network technology and assist with the transition to 6G.