Safaricom reports bumper results as data users increase, M-Pesa advances

Safaricom and Ethio Telecom have concluded interconnection and capacity lease agreements.

Safaricom-led consortium is in negotiations with Ethio Telecom and country’s industry regulator regarding infrastructure sharing.

Industry regulator details plans, and bid applications are scheduled to close in December 2021.

Digital payments now flourishing under the auspices of mobile money connectivity to finance institutions.

Company says it has reached six million customers with mobile money service.

Ethio Telecom and Ericsson started deployment of the Ericsson Radio System for 4G expansion in the South West region of Ethiopia at the beginning of June 2021.

Move is considered to be a bid by authorities to make the company more competitive.

Kenya’s President urges authorities to allow foreign service providers to bolster local market competition.

Mobile receipts of remittances are gaining traction as markets continue to be impacted digitally by COVID-19, say experts.

Government said it has forgone US$500m by preventing foreign operators from rolling out services.

Financial institution calls for government to open industry up to competition.