Tag Archives: Safaricom

Wiper Party leader Stephen Kalonzo Musyoka has lauded the High Court’s landmark decision declaring the multi-billion shilling sale of a 15 percent government stake in Safaricom PLC unconstitutional, hailing the verdict as a historic triumph for the public. Addressing a press conference at the SKM Centre on Wednesday, Kalonzo—who served …

A three-judge bench of the High Court has nullified the government’s planned divestiture of its 15 per cent stake in Safaricom, ruling that the process breached both the Constitution and existing laws. The court determined that the decision to sell part of the government’s holding in Safaricom amounted to a …

Members of Parliament have called for an investigation into Safaricom’s deactivation and reassignment of dormant SIM cards, warning that the practice could expose customers to fraud, financial losses and breaches of personal data. The matter was raised in the National Assembly after Deputy Speaker Gladys Boss tabled a petition by …

For millions of Kenyans, Fuliza acts as a financial safety net when their M-Pesa balance falls short during a transaction. But regular M-Pesa usage does not necessarily mean a customer will qualify for a Fuliza limit. Safaricom recently addressed the issue after customer Victor Frank Ronooh questioned why his Fuliza …

Safaricom is set for significant governance changes following the increase of Vodacom’s shareholding to 55 percent, with shareholders expected to vote on the proposed amendments during the company’s Annual General Meeting (AGM) on July 31, 2026. Among the proposed changes is a new process for appointing the Chief Executive Officer …

Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …

The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …

Mobile money subscriptions in Kenya increased by two million to reach 53.4 million in the third quarter of the 2025/26 financial year, highlighting continued expansion of the country’s digital payments ecosystem. According to the latest data from the Communications Authority of Kenya (CAK), subscriptions grew from 51.4 million in the …

The Kenya Revenue Authority (KRA) has given individuals, companies, and government agencies 30 days to claim goods held at customs warehouses at JKIA or risk having them auctioned. In a gazette notice dated March 27, KRA stated that items stored at DHL JKIA and Forodha House will be treated as …

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 …