Safaricom’s Ziidi Money Market Fund (MMF) has posted a net profit of Sh784.2 million for the 14-month period ending December 31, 2025, supported by increased investor participation. Financial statements show the fund earned nearly Sh1 billion in income from a total of Sh14.7 billion invested by users, reflecting strong demand …
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Uber has suspended Visa card payments on its Kenyan platform, citing rising global costs of payment processing. A company spokesperson explained that Uber regularly reviews payment methods in each market to manage costs while minimizing disruption for users. “We routinely assess payment options on a market-by-market basis to keep costs …
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Safaricom has announced a planned system upgrade for its Fuliza overdraft service, aimed at boosting performance and introducing enhanced features for users. In a notice issued on Saturday, November 15, 2025, the telco informed customers of the scheduled maintenance and its expected effects. Click here to join our WhatsApp Channel …
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The Central Bank of Kenya (CBK) has announced plans to cap charges on person-to-person mobile money transfers, a decision likely to affect the revenues of Safaricom’s M-Pesa and Airtel Money. According to the regulator, most Kenyans continue to use mobile money mainly for simple transfers rather than advanced services like …
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Safaricom PLC has notified customers of a scheduled M-Pesa system maintenance set for Monday, September 22, 2025, between 12:30 am and 3:30 am. The company explained that the three-hour exercise aims to boost the platform’s reliability, security, and overall performance. Click here to join our WhatsApp Channel “Over the past …
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Safaricom has revealed it now serves over 50 million customers in Kenya, a significant achievement as the company gears up to celebrate its 25th anniversary in October. Click here to join our WhatsApp Channel The telco credits this growth to a year-long customer engagement initiative that focused on expanding services, …
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Safaricom has reported a 10.8% increase in its net profit for the year ending March 2025, reaching Sh69.8 billion, driven by strong growth in M-Pesa and data services. M-Pesa revenue grew by 15.2% year-on-year, contributing Sh161 billion, or 44.2% of the company’s total service revenue, which amounted to Sh388.7 billion. …
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Safaricom has announced a significant update to its M-Pesa airtime purchase options, reducing the minimum amount from Sh5 to Sh1. This new policy, which was unveiled on Monday, allows users to buy airtime for as little as Sh1. A recent check by the Star confirms that this change has already …
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Mobile money transactions surged to KSh5.5 trillion in 2023, as reported by the Kenya National Bureau of Statistics (KNBS). The National Economic Survey for 2024 highlighted a decline of 600,000 mobile money subscribers within the country in the preceding year. The survey indicated a reduction in the total number of …
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The Lower Eastern Times Opening The Third Eye