Kenya’s Safaricom Reports $300Million Profit, Drives Data Growth in Africa

Sub-Saharan Africa remains the fastest growing mobile market in the world. External market expectations are that the Kenyan market penetration will increase to 65 percent over the next three to four years, a significant opportunity for future growth for mobile service providers in Kenya -- further boosting Kenya’s mobile service provider Safaricom's earnings which has reported a 37 percent rise in full-year pretax profit. READ MORE

Kenya’s Safaricom and Equity Bank Score another First

The Teyie Report| The partnership between a mobile firm and a bank in Kenya has revolutionized the global mobile banking industry. The new service dubbed ‘M-Kesho’ (Swahili for future money) will allow users to operate interest earning bank accounts in their cell phones. It is a first and will, indeed go, down history books as the most innovative financial product yet. READ MORE