After KES 700m invested since 2019, Safaricom Foundation takes Ndoto Zetu into Phase 8
Safaricom Foundation commits KES 100m to Ndoto Zetu Phase 8, funding community projects while revisiting viable proposals from earlier rounds.
Equity Sectors
Automobiles & Accessories
22.72 B
+10.00%
Commercial & Services
49.25 B
+3.45%
Energy & Petroleum
162.25 B
+2.49%
Agricultural
21.63 B
+2.45%
Insurance
120.49 B
+2.11%
Banking
1.74 T
+1.31%
Manufacturing & Allied
300.35 B
+0.52%
Investment
12.75 B
-0.11%
Investment Services
7.16 B
-0.54%
Telecommunication
1.56 T
-0.89%
Construction & Allied
19.27 B
-1.39%
Exchange Traded Funds
0
-3.44%
Safaricom
SCOM
Data as of Sep 01, 2026
KES 38.90
-0.35 Today
-0.89%
In The News
How M-Pesa's Ziidi Trader Is Quietly Changing Who Gets to Own a Piece of the Market
According to recent stats, the average amount individual investors are spending per share purchase on Ziidi Trader has climbed to roughly Sh4,818, nearly double the Sh2,872 average recorded
How M-Pesa trail settled friendship loan row
The dispute arose from cash transfers made between April and May 2025.
Investors average share purchase in M-Pesa Ziidi Trader rises to Sh4, 818
M-Pesa users can leverage the platform to directly buy shares on the NSE without opening a traditional brokerage account. ...
Safaricom appoint two Vodacom executives to board
Safaricom has appointed two senior Vodacom executives, Mariam Cassim and Matimba Mbungela, as non-executive directors to its board following Vodacom’s acquisition of a majority stake.
Anne Kinuthia-Otieno leaves Airtel Money after brusing M-Pesa battle
Her move to Visa comes after a period in which she helped strengthen Airtel Money’s position in a market long dominated by M-Pesa. ...
Vodacom shakes up Safaricom board after Sh204bn share deal
The Kenyan government is supposed to cede one of its seats on the Safaricom board to Vodacom.
Vodacom Group Tightens Grip on Safaricom with More Boardroom Seats
Vodacom Group, the majority shareholder of Safaricom plc, has moved to tighten its control of Safaricom following the recent transaction that lifted its stake in the telco to 55%.Vodacom Group CFO Mariam Cassim and Chief Human Resources Officer Matimba Mbungela have joined Safaricom’s Board as Non-Executive Directors w.e.f August 13th 2026. The entry of these […]
Mariam Cassim's move to Safaricom's board completes another Vodacom milestone
Vodacom's fintech chief has joined Safaricom's board as the company's governance continues to reflect the new 55% ownership structure.
Safaricom PATA MORE Campaign Expands With Bigger Data
Safaricom has expanded PATA MORE to Western and Nyanza with larger data bundles, lower M-PESA costs and new offers for businesses and device buyers.
CBK loses bid to exit M-Pesa fraud case
Ms Rogo moved to court in February 2025, suing Safaricom and M-Pesa Holding Company over an alleged Sh125,658 loss.
From Safaricom to NCBA-Nedbank: How Faida Investment Has Built a Legacy Advising Kenya’s Biggest Deals
When the news broke that Faida Investment Bank had been appointed as Independent Financial Adviser to the NCBA Board on its transaction with Nedbank, few in Kenya's financial circles were surprised.
Safaricom Opens Nine New Mobile Number Prefixes in Kenya - TechTrendsKE
Safaricom has released nine new mobile number ranges for customers across Kenya. The move comes as the operator expands network capacity and responds to rising demand for mobile connectivity.
Court upholds sacking of Safaricom manager over data leaks
Some employees were dismissed in 2019 in a dispute arising from allegations of unauthorised access to confidential subscriber information.
Safaricom Elevates Caroline Wambugu to Finance Role | The Kenyan Wallstreet
Safaricom has appointed Caroline Wambugu to lead finance controls, performance and investor relations, expanding her mandate across key finance functions.
Court rejects Vodafone’s bid to exit a Safaricom dealership fight
It ruled that although Vodafone PLC was improperly joined in the petition, it should remain in the proceedings to avoid delaying the case.
Airtel, Safaricom locked in business wallet price war
Data from the Communications Authority of Kenya (CA) shows a gradual erosion of Safaricom’s dominance in mobile money and fixed internet as rivals ramp up competition.
Safaricom sale, World Bank loan lift forex reserves to Sh1.99trn
A higher reserve level is widely viewed as a sign of improved external liquidity and stronger ability to absorb volatility in global financial markets.
Safaricom Ethiopia Q1 revenue jumps 66% as customer base nears 15 million
Safaricom Ethiopia's first-quarter revenue rose 66.1 percent to Sh5.04 billion, driven by strong growth in data usage, customer additions and M-PESA adoption as the operator edged closer to 15 million customers.
Safaricom declares record dividend as Vodacom deal closes out
Safaricom shareholders approved a final dividend of KSh1.15 per share at the company's 18th Annual General Meeting on 31 July.
Safaricom Ethiopia Targets Break-Even as Revenue Jumps 66% | The Kenyan Wallstreet
Safaricom Ethiopia’s Q1 FY27 revenue rose 66.1% to 5.04 Bn as customers neared 15 million and management maintained its EBITDA break-even target.
Safaricom Plc Pays a Record Dividend at KES 80.13 Billion for FY26
Safaricom PLC (NSE: SCOM) has declared its highest-ever dividend payout of KES 80.13 billion, after shareholders at the company's Annual General Meeting today approved a final dividend of KES 1.15 per share for the financial year ended 31 March 2026.
Safaricom Unveils PATA MORE, Boosting Customer Value Across Data, M-PESA, Devices and Business Services
Safaricom (NSE: SCOM) has launched PATA MORE, a new campaign that gives customers and businesses more value from the connectivity products and services they use every day.
Vodacom Control Rights Take Effect After Safaricom AGM Vote | The Kenyan Wallstreet
Safaricom shareholders approved 14 special resolutions giving Vodafone CEO nomination rights, board appointment rights and formal post-buyout governance control
Safaricom Plans 300 New Masts and Bigger Data Bundles
Safaricom is expanding its network with 300 additional masts while increasing the value of several data bundles to support growing demand for connectivity across Kenya.
Safaricom Raises Pochi la Biashara's Free Payment Limit to KSh200
Safaricom has raised the Pochi la Biashara fee-free payment limit from KSh100 to KSh200. Here's why the move matters for merchants and M-PESA users.
Safaricom Makes Big Cuts on M-PESA Merchant Charges from this August
Safaricom Plc has made huge cuts on its Pochi La Biashara where Customer payments to merchants will be free up to KSh 200 for 90 days from 1 August 2026, with lower charges above that threshold. Safaricom has also revised its Lipa na M-PESA proposition where customers who Buy Goods will see where free collections […]
Safaricom Formalizes Vodacom's Governance Rights After Shareholder Vote
Safaricom shareholders approved 14 special resolutions that align the company's governance with Vodacom's majority ownership while preserving government oversight over key strategic decisions. Here's what the changes mean for investors and the company's future.
Safaricom Pays a Record Dividend For 2026
Safaricom PLC has declared its highest-ever dividend payout of Ksh 80.13 billion, after shareholders at the company's Annual General Meeting today approved a final dividend of Ksh 1.15 per share for the financial year ended 31st March 2026.
Safaricom's Ethiopia Investment Climbs to KSh159.6 Billion
Safaricom has increased its investment in Ethiopia to KSh159.6 billion, highlighting continued confidence in a business targeting EBITDA break-even by March 2027.
Safaricom invests extra Sh1.4bn in Ethiopia unit
New disclosures from Safaricom place its total funding contribution to the business at Sh159.6 billion at the end of June 2026.
Safaricom Ethiopia Adds One Million Customers in Three Months as Profitability Draws Closer
Safaricom Ethiopia has reached 14.7 million active customers while cutting losses and moving toward EBITDA break-even by March 2027. The progress also strengthens Vodacom's long-term growth plans.
M-PESA Ethiopia Adds Prepaid Electricity Payments to Super App for EEU Smart Meter Users
M-PESA Ethiopia now lets EEU prepaid smart meter users buy electricity tokens through the Super App, making power top-ups faster and more convenient.
De La Rue taps Ex-Safaricom Boss Michael Joseph to Join its Board
De La Rue EPZ Kenya Limited, a cash minting business that is majority owned by Switzerland-based Thomas De Rue AG, has picked on Michael Joseph, former top executive and board chairman at Safaricom and Kenya Airways, to sit in its Boardroom. De La Rue has undergone a c-suite retooling process that has seen its majority […]
Safaricom Ethiopia reaches 14.7m customers in race to profitability
The increased number of active customers improves the operator’s ability to generate revenue across its telecoms business.
From 600,000 to 2.2 Million Users: The Playbook Behind Safaricom's Pochi la Biashara Success
Pochi la Biashara now has 2.2 million users, surpassing the 1 million merchants signed up for Lipa na M-PESA, and insiders at the company are now calling it one of their best-kept secrets.
Why Vodacom Is Raising Its Growth Targets After Taking Control of Safaricom
Vodacom has lifted its medium-term financial targets just weeks after completing its majority acquisition of Safaricom. The decision reflects growing confidence in Ethiopia, digital financial services and the Kenyan operator's broader platform strategy.
Inside Esther Waititu's journey from graduate trainee to 'Mama M-Pesa'
Her departure from Safaricom has sparked speculation that she is finally on the cusp of leading a major company.
Rising agent numbers cut average M-Pesa commissions to record low
Reduced earnings is pushing them to seek additional income through rival services such as agency banking and Airtel Money.
Courts to track KPC, Safaricom sale cash proceeds
The creation of the fund, which was established under the National Infrastructure Fund Act, 2026, has been challenged for lack of public participation and lack of proof on how Parliament will...
M-PESA Ethiopia Brings Gebeya's AI Tools to Its Mini App Platform
M-PESA Ethiopia has partnered with Gebeya to let customers buy AI services through its app, expanding its Mini App ecosystem beyond mobile payments.
Hustler Fund Borrowers Can Now Repay Loans Using Safaricom Bonga Points
Hustler Fund borrowers can now use Safaricom Bonga Points to clear outstanding loans. The move comes as the government seeks to recover more unpaid loans after ending fresh Treasury funding.
Safaricom Expands Youth Skills Programme to Prepare Students for Digital Economy
Safaricom Hook Circle trained 5,000 students at Kiambu National Polytechnic with digital, entrepreneurship and career skills for Kenya's evolving job market.
Safaricom's Esther Masese Waititu Resigns After Leading Major M-PESA Initiatives
Safaricom's Chief Financial Services Officer Esther Masese Waititu will leave the company at the end of July. Her tenure included FinTech 2.0, Daraja 3.0, Ziidi Trader and other major M-PESA initiatives.
Airtel Loses Bid to Block Safaricom’s Low Call Tariffs as Competition Authority Closes Case
Airtel Kenya has suffered a major setback after the Competition Authority of Kenya (CAK) dismissed its complaint against Safaricom over discounted voice call charges, allowing the country's largest telecommunications company to continue offering promotional tariffs that had sparked a fierce dispute between the two rivals.
Safaricom Chief Financial Services Officer Esther Waititu quits
She will leave Safaricom on July 31, 2026, ending a tenure that began in 2023.
Safaricom Hook Circle Empowers Students with Future-Ready Skills at Kiambu National Polytechnic
Safaricom, through its youth platform Safaricom Hook Circle, successfully hosted a two-day skills and career development programme at Kiambu National Polytechnic
M-Pesa Africa Turns Its First Operating Profit as Platform Reaches 60 Million Users
M-Pesa Africa has reported its first operating profit since the joint venture was formed. The result reflects how Safaricom and Vodacom are building a broader digital finance platform across Africa.
Why Safaricom Adds Extra Steps to Keep Your M-PESA Account Secure
Learn how Safaricom helps keep your M-PESA account secure with PIN protection, stronger authentication, SIM safeguards and fraud prevention tips.
M-Pesa joint venture in first Sh102m profit
In Kenya, the M-Pesa platform has grown over the years to become the biggest revenue earner for Safaricom, ahead of voice and data services. ...
Safaricom Hook Circle Equips 5,000 Students With Future-Ready Skills
Safaricom, through its youth platform Safaricom Hook Circle, has hosted a two-day skills and career development programme at Kiambu National Polytechnic. The programme brought together students, industry leaders and learning partners to prepare young people for opportunities in the digital economy. About 5,000 students were equipped with practical, industry-relevant skills through the sessions. Students from …
Safaricom to Connect Government Affordable Housing Projects With Fibre
Safaricom has secured a deal to provide fibre internet to Kenya's Affordable Housing Programme, beginning with 14,000 homes at the Mukuru development. The rollout supports the company's push into affordable home broadband.
Airtel's Challenge to Safaricom's Discounted Calls Falls Short at CAK
The Competition Authority has dismissed Airtel's complaint that Safaricom's discounted voice promotions amounted to predatory pricing. The ruling revisits a long-running dispute over competition in Kenya's telecom sector.
Safaricom wins affordable housing internet deal
The affordable housing units will be connected through Wi-Fi Bamba, a tokenised fibre broadband service
Stanbic Bank Kenya Appoints former Top Safaricom Executive as its New CEO
Stanbic Bank Kenya Board of Directors has appointed Michael Mutiga, a former top executive at Safaricom Plc, as its new Chief Executive Officer effective August 1st 2026. This appointment is subject to requisite regulatory approvals. Mutiga is a seasoned executive with over 20 years of leadership experience across banking, telecommunications and digital financial services. His […]
Airtel loses fight against Safaricom's 10 cents tariff
Globally, the MTR is viewed as the lowest cost possible for a voice call, deeming any tariffs below the rate as undercutting rivals.
Stanbic taps Safaricom’s top strategy executive as CEO
Stanbic said Mr Mutiga’s experience in strategy execution, corporate finance, business growth, stakeholder engagement and transformation would support the bank’s next phase of grow ...
Stanbic Bank Kenya Appoints Safaricom Executive Michael Mutiga as Chief Executive
Stanbic Bank Kenya has appointed Safaricom executive Michael Mutiga as its next Chief Executive. The move also highlights a broader trend of major African banks recruiting leaders with telecom and digital finance experience.
Visa and Safaricom Push M-Pesa GlobalPay to More Kenyans
Visa and Safaricom have concluded their football-themed "Game Iko On" campaign to encourage more Kenyans to use the M-Pesa GlobalPay Virtual Visa Card for secure international online payments.
How Safaricom Is Making Personal Data More Secure for Customers
Digital threats continue to evolve, from phishing and SIM swap fraud to AI-powered scams. Here's how Safaricom is helping customers protect their personal information while sharing practical steps everyone can take to stay safer online.
How Fake Agents and Copy-Paste Till Numbers Are Stealing Trust — and the Four Checks That Can Protect Your M-PESA
The theft often begins with something that looks ordinary: a WhatsApp message from a person calling themselves an agent, a paper Till number placed beside a counter, a social-media comment that appears to come from a company, or a copy-pasted Paybill sent after a customer asks how to pay.
Safaricom Put More Money Into Ethiopia. Its Larger Stake May Be Temporary
Safaricom now owns 54.17% of its Ethiopia business after providing fresh capital. The increase may only be temporary because other consortium investors can restore their previous ownership under the shareholder agreement.
Safaricom’s Ethiopia partners have right to buy back 2.8pc stake
Safaricom has projected that the Ethiopia business will break even by March 2027, as losses for the unit fell 35 percent to Sh21.2 billion in the year ended March 2026 from Sh36 billion a year...
THE “PRIZE” TEXT THAT CAN EMPTY YOUR M-PESA
At 6:43 on a Tuesday morning, “Grace” — a fictional composite based on common scam patterns — is opening her small shop in Webuye. School fees are due. Stock is low. Her phone vibrates before the first customer arrives.
The Red Flag You Can't Afford to Ignore: When "Job Offers" Ask for M-PESA First
There is a simple rule that should be tattooed onto the mind of every job seeker and would-be investor in Kenya today: no genuine employer or investment house will ever ask you to send money before they pay you.
Spotting Fake Safaricom Customer Care Calls: Why Kenyans Must Stay a Step Ahead of Fraudsters
Every week, thousands of Kenyans receive a call that sounds official, urgent, and alarming: "This is Safaricom Customer Care. Your line is about to be deactivated" or "Your M-PESA account has been compromised, please confirm your PIN." For a country where mobile money is the backbone of daily commerce, these calls are not just an annoyance; they are one of the most effective fraud vectors in East Africa.
Safaricom managers awarded Sh707 million free shares
The telco’s recent share price rally has lifted the value of the shares awarded.
Why Safaricom Wants to Keep Billions Out of Share Buybacks
Safaricom is asking shareholders to approve a rule preventing retained earnings from funding share buybacks. The proposal offers fresh insight into how the telecom plans to balance growth, dividends and long-term investment.
Safaricom’s July 31 AGM Could Redraw The Company’s Power Map as Shareholders Vote On Historic Governance Changes
Safaricom shareholders are heading into one of the most consequential Annual General Meetings in the company’s history, with a series of special resolutions that go far beyond the normal routine of approving accounts, dividends, directors, auditors and remuneration
Safaricom Set for New Governance Structures with Vodacom’s Entry
Safaricom is set to undergo significant corporate changes following Vodacom’s increase in ownership to 55%, with shareholders expected to vote on the revised Articles of Association at the company’s AGM on 31st July 2026. Safaricom shareholders will among others, vote of the resolution that Safaricom’s next CEO be appointed by the Board from a list […]
Safaricom to bar use of reserves for share buybacks in proposed changes
Safaricom plans to bar the use of retained earnings for share buybacks under proposed changes to its articles of association that will be tabled at its upcoming Annual General Meeting (AGM). The...
NSE Slips as Safaricom Hits a Four-Year High and Locals Take Control
The broad board closed in the red, with the NASI and NSE 20 easing by 0.3% each, while the N10 and NSE 25 declined by 0.6% each.
Kenya Wants the Final Word on Where Safaricom Expands Next
Safaricom's next international expansion may require government approval under proposed governance changes linked to Vodacom's majority ownership. The move reshapes who controls the company's biggest strategic decisions.
Safaricom AGM Vote Puts Board Changes in Focus
Safaricom's July 31 AGM will decide governance changes affecting board appointments, CEO succession and Government veto powers.
Government to have final say on Safaricom's new regional expansion
Safaricom's board will ask shareholders to approve a special resolution aimed at restricting the telco's expansion into new markets. ...
The 14 Resolutions That Could Reshape Safaricom's Governance
Safaricom shareholders woke up to an Annual General Meeting notice that, at first glance, looks like the kind of legal document few people would voluntarily read
Peter Ndegwa's Biggest Legacy May Not Be M-Pesa, It's Taking Safaricom Beyond Kenya
When Safaricom shareholders gather in Nairobi—or log in virtually, for the company's Annual General Meeting on 31 July, much of the attention will fall on the fourteen special resolutions that could reshape how Kenya's largest listed company is governed for years to come.
Shareholders Called to Protect Safaricom's Brand and Strategic Identity
Safaricom PLC shareholders have been handed notice of the company's Annual General Meeting (AGM) scheduled for July 31, where they will vote on fourteen special resolutions that could reshape the telecommunications giant's governance for decades.
Safaricom AGM to Decide Landmark Governance Overhaul in Major Board Shake-Up
Safaricom PLC shareholders will vote on a sweeping governance overhaul at the company's Annual General Meeting (AGM) on July 31, in what could become one of the most consequential corporate governance decisions in the history of the Nairobi Securities Exchange
NSE Posts Best Quarter in Over a Year as Safaricom Deal Reshapes the Market
Kenya's stock market closed the second quarter of 2026 on a high note, with the Nairobi Securities Exchange (NSE) shrugging off a mid-year fuel price shock to deliver
Vodacom Seeks Formal Safaricom Governance Control in AGM | The Kenyan Wallstreet
Safaricom shareholders will vote on 14 special resolutions that could give Vodacom formal control rights over board seats, CEO nominations, other key decisions.
Safaricom Ethiopia Wins Role in National Digital ID Rollout | The Kenyan Wallstreet
For Safaricom Ethiopia, the project extends its ambitions beyond mobile connectivity into the country's digital public infrastructure.
SIM Swap Fraud: How Scammers Hijack Your Line And How Safaricom Is Winning The Fight Back
his is the reality of SIM swap fraud, one of the most quietly devastating forms of digital theft in Kenya today, and one that has forced Safaricom, the country's dominant telecom operator
Safaricom Block Trade Ignites the NSE as Banks Extend the Market’s Green Run
Safaricom’s price strengthened by 1.8% week-on-week to KES 34.20, showing that the market absorbed the landmark transaction without losing upward momentum.
Visa, M-PESA and Onafriq Test Stablecoin Payments in DRC
Visa, M-PESA Africa and Onafriq are piloting stablecoin-powered cross-border mobile money payments, starting in the DRC.
Africa’s Most Downloaded Finance Apps in 2026: Why M-Pesa’s Rise Matters More Than the Rankings
M-Pesa’s My OneApp has surpassed 10 million downloads and accumulated approximately 691,000 reviews, making it one of the most actively used financial applications on the continent.
Stockbrokers bag Sh4bn in Safaricom shares trade
Stockbrokers earn a commission of up to 1.78 percent for transactions below Sh100,000, with large deals such as the Vodacom transaction executed at a discounted rate.
Bonfire Adventures' Ex-Partners Feud Over Lucrative Safaricom Numbers | The Kenyan Wallstreet
What would ordinarily be viewed as simple mobile phone lines have become the latest battleground in the fallout between Bonfire Adventures' founders.
Vodacom Finalizes KSh 272Bn Safaricom GoK Stake Deal | The Kenyan Wallstreet
Vodacom has completed its KSh 272 billion Safaricom deal, raising its stake to about 55% after acquiring 15% from the Government of Kenya and 5% from Vodafone.
Kenya misses out on Sh16bn as Safaricom stake sale closes
South Africa's Vodacom completes purchase of an additional 15 percent stake in Safaricom.
Vodacom Completes US$ 2.1Bn Acquisition of 20% Govt. Stake in Safaricom
Vodacom has completed its acquisition of an additional 20% effective stake in Safaricom, lifting its ownership to about 55%, just a day after securing a Capital Markets Authority exemption from making a mandatory takeover offer. The KSh 272 billion (US$2.1 billion) transaction followed the Court of Appeal’s decision to lift a conservatory order, enabling the […]
Vodacom buys State’s Safaricom stake days after court clears sale
The deal reshapes Safaricom’s ownership structure, leaving the Kenyan government with a 20 percent stake in the telecommunications giant. ...
CMA Clears Vodafone's $1.6bn Safaricom Deal
Vodafone Kenya Limited has received a CMA exemption for the Safaricom acquisition, easing regulatory challenges in the process.
Vodafone Gets CMA Exemption for KSh 204.3Bn Safaricom Stake | The Kenyan Wallstreet
Vodafone Kenya has won a CMA exemption from a mandatory takeover offer, clearing a key hurdle in its KSh 204.3 billion acquisition of a 15% Safaricom stake.
Safaricom Explains Wi-Fi Calling and What Customers Need to Know
Some Safaricom customers have started noticing Wi-Fi Calling on their phones. Here's what the company has confirmed about how the feature works, billing and device compatibility.
Safaricom Share Sale Can Proceed While Court Battle Continues
The Court of Appeal suspended orders blocking the government's Safaricom stake sale, allowing the transaction to proceed as legal challenges continue.
Why Safaricom Is Turning My OneApp Into Its Digital Front Door
Safaricom's latest My OneApp updates reveal a broader strategy that goes beyond new features. Here's how the platform fits into the next stage of Kenya's digital finance market.
Micro traders push M-Pesa Pochi users past business tills
The number of merchants using Pochi has doubled that of business tills.
Fawzia on Safaricom's Giving Back and Its Impact, Startin... | The Kenyan Wallstreet
At the 2026 Safaricom Marathon, Chief Consumer Business Officer Fawzia Ali-Kimanthi makes the case that the operator's bets on conservation, education and gr...
Safaricom Fixed Internet Share Hits 35.5%, Nears 1M Subscribers
Safaricom has grown its fixed internet market share to 35.5 per cent and increased its subscriber base to 941,501 customers
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