NSE Closes in the Green as Safaricom, Equity and KCB Lift NASI by 0.7%
The Nairobi Securities Exchange (NSE) trended upward in today’ session with all key performance indicators closing in the green
Equity Sectors
Insurance
95.83 B
+5.01%
Investment Services
4.97 B
+2.13%
Energy & Petroleum
132.70 B
+1.61%
Telecommunication
1.24 T
+1.47%
Exchange Traded Funds
0
+0.55%
Construction & Allied
14.92 B
+0.19%
Automobiles & Accessories
6.36 B
0.00%
Banking
1.41 T
-0.01%
Commercial & Services
47.29 B
-0.36%
Agricultural
20.99 B
-0.47%
Manufacturing & Allied
261.00 B
-1.36%
Investment
9.81 B
-2.05%
Safaricom
SCOM
Data as of Jun 02, 2026
KES 31.00
+0.45 Today
1.47%
In The News
Co-op Bank, M-Pesa Ziidi Trader feted for financial inclusion
The awards recognised the two Kenyan institutions for expanding access to finance and capital markets across the region.
Ethiopia's Digital Playbook Built Telebirr And Boxed In M-Pesa | The Kenyan Wallstreet
The Kenyan model produced M-Pesa. The Ethiopian model produced Telebirr. Both worked. They're just answering different questions with different strategies.
Safaricom Responds to Early My OneApp Access Problems With New Update
The latest My OneApp update allows access through Wi-Fi, roaming and rival telecom networks while adding biometric authentication.
Safaricom Opens My OneApp To All Networks With Biometric Login Upgrade
Safaricom has enhanced the My OneApp experience to offer greater convenience and accessibility for all users, including those on other networks and roaming customers.
NSE Gains 0.3% as BAT Kenya, Safaricom Lift Market
The Nairobi Securities Exchange (NSE) closed today’s session in the green, with all key performance indicators recording gains
Safaricom opens M-Pesa app access to diaspora, rival network users
Safaricom has loosened access restrictions on its all-in-one app, allowing more users to transact beyond its mobile data network.
Vibes on Vibes as Sprite and Safaricom Hook’d On Fresh Concert Lights Up Uhuru Park
Thousands of entertainment lovers turned up at Uhuru Park on May 22 for the highly anticipated Sprite and Safaricom Hook’d On Fresh concert,
Safaricom opens My OneApp to Airtel, Other Networks
Safaricom has updated its newly launched My OneApp platform to function across rival networks including Airtel Kenya, addressing widespread complaints from users who found the application unreliable and costly when travelling or roaming or out of the operator’s network. The changes, rolled out earlier this week, now allow users to stay logged in to the […]
Safaricom Injects KES 114M to Boost the 37th Edition of the Rhino Charge Challenge
Safaricom has released 114 million shillings to support the Rhino Charge, a huge boost for this thrilling event
Safaricom Commits Ksh20M to Support Rhino Charge Conservation
Safaricom, together with the M-PESA Foundation, has pledged Ksh 114 million to support conservation work and the 2026 edition of the Rhino Charge, in a move that underscores the growing reliance on private sector funding to protect Kenya’s fragile forest ecosystems. The announcement comes as conservationists continue to warn that Kenya’s key water towers are […]
The Rise of Pochi La Biashara: How Safaricom is Quietly Transforming Women-Owned Businesses in Kenya
According to the latest GSMA report on Pochi la Biashara and Women Micro-Entrepreneurs in Kenya, women now make up the majority of active Pochi la Biashara users, signaling something bigger than just mobile payments.
NSE Falls 0.01% as NCBA, Safaricom Weigh on Market
The Nairobi Securities Exchange (NSE) recorded mixed performance in today’s session, with the Nairobi All Share Index (NASI) edging down 0
Safaricom Hook, Kambi Safi Empower Mathare Youth Through Football and Mentorship
Safaricom Hook (S-Hook) has partnered with Kambi Safi Community Initiative in Mathare to support four local football teams with football kits.
Safaricom Opens Applications For Strategic Expression Partnership With The Youth
Recognising this immense potential, Safaricom has opened its Youth Proposition Partnership Expression of Interest (EOI), inviting youth innovators, partners, and solution providers to co-create impactful youth-focused propositions.
Safaricom Puts A Break On Nduthi Guys Texting Your Wife Out Of The Blues
Safaricom seems to have realized this and came up with a very brilliant innovation: the M-Pesa Data Minimization feature. With this feature, when you send someone money or make a payment
Court freeze stalls Treasury’s Sh244.5bn windfall from Safaricom stake sale
The extended court freeze leaves a Sh244.5 billion Safaricom transaction in limbo, complicating Treasury financing plans.
Nine startups pitch to investors at Safaricom Spark Accelerator Demo Day
The second cohort of start ups admitted to Safaricom Spark Accelerator showcased their innovations to investors in a bid to secure funding to scale their solutions.
Kenya’s Push to Sell Part of Safaricom Has Run Into a Sovereignty Debate
The Safaricom stake sale to Vodacom has been suspended as Kenya’s High Court weighs constitutional, financial and data sovereignty concerns.
Kenya Hands Safaricom a Rare 25-Year Telecom Licence
Safaricom has secured a 25-year operating licence in Kenya after regulatory negotiations over spectrum and licence terms.
Safaricom Falls Back Below Pre-Results Price, Banks Up 2% | The Kenyan Wallstreet
Safaricom dropped 6.68% to KSh 30.05, erasing last week's record-earnings rally. Co-op Bank surged 10.54% as the Banking Index rose 2.08%.
Safaricom Hosts Spark Accelerator Demo Day To Support Innovation and Technology
Safaricom hosted the Spark Accelerator Demo Day, with nine startups pitching their businesses to leading investors and venture capital firms.
Safaricom Secures 25-Year Operating Licence, Driving Licence Fee Expenditure to KES 16.4Bn
Safaricom Plc recorded a KES 1
Safaricom gets 25-year licence, pays Sh16bn fees
The Communications Authority of Kenya (CA) granted the extension under its Unified Licensing Framework, aligning it with other authorisations such as spectrum usage rights.
How 58% Free Transactions Have Propelled the Growth of M-PESA
M-PESA Kadogo: Explore the remarkable growth of M-PESA's small-value transactions and its impact on Kenya's financial landscape.
Court rules Monday on State’s 15pc Safaricom stake sale
The High Court is expected to make a ruling on Monday on whether the government's planned sale of a 15 percent stake in Safaricom Plc to parent firm Vodacom Group Limited will proceed. The...
Safaricom Moves to Keep Telecom Towers Running Amid Fuel Pressure
Safaricom says it is coordinating fuel access with oil marketers to maintain operations across thousands of telecom sites.
Transaction Stress Is a Biashara Problem: Why I&M Bank’s Free M-Pesa Transfers Matter More Than Ever
But as every biashara owner knows, transaction costs are no longer a small inconvenience. They are becoming a business expense powerful enough to eat into already thin margins.
M-PESA Growth Fuelled By Tiny Free Transactions Amounting to Ksh17 Billion
In the 2025/2026 financial year, whose results were announced on 7th May, M-Pesa Kadogo facilitated 17.1 billion free transactions, accounting for 58% of all M-PESA activity.
Safaricom moves to secure fuel for base stations amid crisis
This comes in the wake of intermittent stock outs of petroleum products across parts of the country, following the war in the Middle East.
Safaricom Tightens Hold on Ethiopia Unit
Safaricom increased its Ethiopia stake to 54.1% after a new funding round backed mainly by the Vodacom group.
Kenya Plans VAT on M-Pesa and Digital Payment Platforms
The Treasury wants payment processors tied to M-Pesa and other digital transfer systems subjected to 16% VAT.
Treasury hits M-Pesa, Pesapal with 16pc VAT
Tax experts have argued against the proposal, seeing it as detrimental to the growth of digital payments and expect providers like Safaricom, Airtel and Pesapal to resist the amendment.
Safaricom stake in Ethiopia subsidiary increases to 54pc
The higher stake implies that Safaricom would keep the largest portion of earnings from the business, which is expected to reach profitability in the current cycle.
Vodacom FY2026: HEPS Up 23%, Safaricom Deal in Court | The Kenyan Wallstreet
Vodacom Group posts 22.9% HEPS growth and R133.6 billion service revenue in FY2026, driven by Egypt, as a Kenya court blocks its US$2.1 billion Safaricom deal.
Safaricom Ethiopia takes $134m external debt on shallow local lending capacity
Single borrower limit regulations in Ethiopia created a challenge in the subsidiary’s ability to get local currency funding. ...
Ethiopia Slowly Emerges as Safaricom’s Next Growth Frontier
Telecommunications giant Safaricom Plc is increasingly positioning Ethiopia at the center of its long-term strategy as the company expands beyond its already established Kenyan market
Safaricom’s Fuliza Loans Rise 49% to Ksh1.47T Amid Growing Credit Dependence
Kenyans’ appetite for quick mobile credit is continuing to grow, with new figures from Safaricom showing a sharp rise in borrowing through its Fuliza overdraft service even as household budgets remain under pressure. For the financial year ended March 2026, Safaricom reports that disbursements through Fuliza climbed 49 per cent to Ksh 1.47 trillion, underlining […]
NSE Gains 2.1% on Safaricom Rally, CBK FX Reserves Rise | The Kenyan Wallstreet
Safaricom rallied 8.42% to lift the NASI 2.1%, but banks fell 1.74%. Murban crude dropped to $89 and CBK reserves rose for the first time in nine weeks.
The 5Th Edition Of Safaricom Chapa Dimba Kicks Off
Safaricom (NSE: SCOM) has officially launched Season 5 of its flagship youth football tournament, Safaricom Chapa Dimba, reaffirming its commitment to nurturing young football talent and transforming lives through sports, education, and technology.
Safaricom to Pay Innovator KSh1.4bn in Copyright Breach Case | The Kenyan Wallstreet
The dispute turned on a basic principle of copyright law: while ideas themselves are not protected, the specific way those ideas are expressed can be.
Safaricom’s Stake Sale Delay Yeilds Gains of KES 16.1Bn to the State
Delays in the Kenyan government’s planned sale of its 15 percent stake in Safaricom to South Africa’s Vodacom, resulting from pending legal proceedings, are expected to yield the Treasury an unexpected gain of Sh16
Delays in closing Safaricom sale deal gifts State Sh16bn
The planned sale to South Africa’s Vodacom has sharply dividing opinion in Kenya.
KRA Says Personal M-Pesa Transfers Will Not Face Tax Monitoring
The authority’s planned Virtual ETR platform is designed around business payments moving through digital channels
EXCLUSIVE: Safaricom and Huawei Roll Out Fibre-to-the-Room Internet in Kenya
Safaricom’s latest broadband rollout comes as streaming, gaming, and video calls place more pressure on home networks
Safaricom Ordered to Pay Sh1.4bn Over M-Pesa Child Account
The High Court found Safaricom liable for copyright infringement tied to an M-Pesa product for minors and parental controls.
Innovator awarded Sh1.4bn over M-Pesa child wallet
A High Court ruling has handed Peter Nthei Muoki a Sh1.4 billion award in a copyright dispute over Safaricom’s M-Pesa child wallet product.
Safaricom Ethiopia Total Funding Hits $2.65 Billion as PLC Deepens Stake to 54%
Safaricom Telecommunications Ethiopia closed the financial year ended 31 March 2026 with total funding of $2.65 billion.
Safaricom Beats All Forecasts With Record KSh 95.6 Bn Profit | The Kenyan Wallstreet
Safaricom posts record FY26 attributable profit of KSh 95.61 Bn, EBITDA up 27.9% to KSh 220.26 Bn, EPS at 2.39 as Ethiopia nears breakeven
Safaricom Breaks Dividend Freeze With Record KSh 2.00 DPS | The Kenyan Wallstreet
Safaricom declares a record KSh 80.13 Bn total dividend for FY26, a 66.7% jump, exceeding the annual profit of every other company in East and Central Africa
Safaricom first Kenyan firm to cross Sh100bn profit mark
Revenue from mobile financial service M-Pesa rose 13.4 percent from Sh182.7 billion, accounting for 45.6 percent of Safaricom’s sales.
Ethiopia Has Become a Long-Term Bet for Safaricom
Safaricom’s Ethiopia strategy focuses on infrastructure, digital platforms and long-term ecosystem growth.
The Tech Company Transition Inside Safaricom Is Expanding
Network ownership remains central to Safaricom’s business, but the company increasingly frames itself around ecosystem infrastructure, digital transactions and operational platforms
Safaricom CFO Dilip Pal on sustaining Kenya growth and Ethiopia profit push
'If you look at the second half of FY26 (October 2025-March 2026) the loss reduction is greater than in the first half and it shows that we are geared for positive EBITDA breakeven ...
Safaricom’s Expanding Role in Kenya’s Public Services
Safaricom’s technology platforms are increasingly tied to healthcare, welfare, tax and public service delivery systems.
NSE Gains Momentum as Safaricom Jumps 6.8%
The Nairobi Securities Exchange (NSE) was on an upward trajectory, with the benchmark index, the Nairobi All Share Index (NASI), rising 2
Safaricom Emerges as Benchmark in Customer Experience as Network Issues Persist Across Telcos
Safaricom has emerged as the benchmark for customer experience in Kenya’s telecommunications sector, according to a new survey
M-PESA Contributes Nearly 50% of Safaricom’s Service Revenue
Safaricom PLC continues to deepen its reliance on mobile financial services, with M-PESA now contributing nearly half of the Group’s service revenue
Safaricom Deepens Wealth Management Push as Ziidi Gains Traction
Kenya’s leading telecommunications company Safaricom Plc continues to strengthen its presence in financial services through its growing wealth management ecosystem, led by Ziidi Money Market Fund (MMF) and Ziidi Trader
Safaricom Hits Ksh 414 Billion Revenue as Net Profit Jumps 67% to Ksh 100 Billion
Safaricom PLC has posted one of the strongest financial performances in its history, reporting Ksh 414 billion in service revenue and nearly Ksh 100 billion in net income for the financial year ended March 2026
Safaricom Group Service Revenue Hits KES 414 Billion
Safaricom Group revenue hits KES414billion with net income of KES100 Billion for the year ended March 31, 2026.
Safaricom Declares Ksh100B Profit in Major Financial Turnaround
Safaricom has recorded one of the biggest profit jumps in its history after posting a net profit of Ksh 99.7 billion for the financial year ending March 2026, up from about Ksh 59.6 billion the previous year. The 67.3 per cent growth was mainly driven by strong performance in M-Pesa, increased mobile data usage and […]
Safaricom raises dividend 67pc as profit hits Sh99.7bn
The telco increased shareholder returns after strong M-Pesa growth and improved performance in Ethiopia boosted earnings.
Safaricom system to help enforce marine cover rules
Marine insurance policy protects goods from the risk of loss, damage and theft during transit by sea, land, and air from the port of origin.
KRA Integrates M-Pesa Into New Tax Compliance System
Kenya Revenue Authority is rebuilding eTIMS and iTax to automate tax collection, filings and VAT compliance for businesses.
When Your M-Pesa Statement Becomes Your Payslip: KCB’s Mortgage Shift Could Rewrite Home Ownership For Kenya’s Hustlers
That was the quiet cruelty of Kenya’s mortgage market. It was not always about whether you could pay. It was about whether your income looked respectable enough on paper
Safaricom FY26: Analysts See Dividend Rise, Earnings Surge | The Kenyan Wallstreet
Analysts forecast Safaricom FY26 EPS of KSh 2.14 and a 41% dividend jump as Ethiopia losses narrow and M-Pesa revenue approaches KSh 190 Bn.
Ziidi Trader: How Safaricom Rewired the Nairobi Stock Exchange — And What Comes Next
Through Ziidi Trader, embedded in M-PESA, the telecom giant has collapsed the barriers that once defined stock market participation in Kenya.
Safaricom Increases Home Fibre Speeds by up to 2.5 Times
Safaricom announced an upgrade to its Home Fibre offering, increasing internet speeds by up to 2.5 times at no additional cost to customers.
Wanyama Empowers Safaricom Chapa Dimba All-Stars
Kenyan football legend Victor Wanyama delivered an inspiring and hands-on masterclass to the All-Stars team from Safaricom Chapa Dimba Season 4 at the Ligi Ndogo Grounds in Nairobi, as momentum builds toward the highly anticipated launch of Season 5.
M-PESA Data Minimization: How Safaricom Is Redefining Privacy, Trust, and Control in Kenya’s Digital Economy
For years, M-PESA has been the backbone of Kenya’s financial ecosystem, enabling millions of daily transactions between individuals, businesses, and institutions.
Man Takes Safaricom to Court Over Recycled SIM Card
A petitioner has filed a case in the High Court in Nairobi, accusing telecom giant Safaricom of unlawfully deactivating and reassigning his mobile number without any notice or consent. Elias Wanjala Wekesa lodged the petition at the Constitutional and Human Rights Division in Milimani, arguing that the company’s recycling of his inactive SIM card violated […]
Ndegwa: M-Pesa Now Processes Ksh100B Daily
Safaricom has lifted the lid on the scale of transactions moving through M-Pesa, revealing the mobile money platform is processing about Ksh 100 billion every day as digital payments continue to deepen across Kenya and the wider region. Safaricom Chief Executive Peter Ndegwa disclosed during the Connected Africa Summit 2026, where he said the platform […]
Ksh 100 Billion A Day: Inside M-PESA’s Staggering Transaction Engine
Safaricom’s M-PESA has once again underscored its dominance in digital payments, revealing jaw-dropping numbers that highlight its central role in Kenya’s and Africa’s financial ecosystem.
M-PESA Processes Sh100 Billion Daily as Safaricom Eyes Deeper Public Sector Push
M-PESA, Safaricom's mobile money service, now processes roughly Sh100 billion, approximately $800 million, every single day.
Safaricom To Sponsor The 2026 Connected Africa Summit With Ksh 22 Million
Safaricom (NSE: SCOM) has committed Kes. 22 million to become the title sponsor of the 2026 Connected Africa Summit scheduled for next week.
Safaricom Pushes First Major Update to Stabilize My OneApp
Safaricom has released version 5.1.5 of My OneApp on the Google Play Store, addressing key user complaints.
M-pesa & Airtel Money Agents Cross 500,000 Mark | The Kenyan Wallstreet
Agents are the physical layer that makes digital money functional in the economy, handling cash-in and cash-out where banks have limited physical presence.
Safaricom Rolls Out My OneApp Update to Address Customer Feedback
Safaricom has announced a new update to its MyOneApp platform, releasing version 5.1.5 on the Google Play Store as part of ongoing efforts to improve user experience and respond to customer concerns.
Safaricom PLC Showcases Business Solutions to Empower SMEs Across Kenya
Grow with Safaricom Business solutions showcase, bringing together SMEs from the education, healthcare, and insurance sectors.
Safaricom says working to fix new M-Pesa app after hitch
As part of the rollout, users were automatically logged out of the old M-Pesa app and required to re-authenticate their accounts via a one-time password (OTP) sent to their Safaricom SIM cards.
Safaricom Admits Glitches in My OneApp
Safaricom has moved to calm growing frustration among customers after the rollout of its new all-in-one mobile app ran into problems just days after launch. The telco admitted that some users have been unable to access the newly introduced My OneApp, especially those outside the country or using roaming services. Many of them have reported […]
Safaricom Apologises Over My OneApp Rollout, Promises Urgent Fixes
Safaricom PLC has issued a public apology to its customers following a troubled rollout of its new My OneApp platform.
New app links tourists to M-Pesa, Airtel Money
The move is expected to broaden participation in Kenya’s tourism value chain by enabling small and informal businesses to accept digital payments from international visitors.
Juicebet Enters Kenya’s Betting Scene with Juicy Odds, Fast M-Pesa and Weekly Cashback
You’ve been looking for a betting platform that moves at your speed. One that gets you from zero to winning as fast as possible. Congratulations, your search ends here. Juicebet is here to bring you all that and more. From seasoned tacticians looking to stack many small wins, to fresh young punters chasing the next […]
Some subscribers suffer hiccups after Safaricom’s M-Pesa app overhaul
Some customers say they have lost previously saved Paybill and Till numbers during the migration, forcing them to re-enter merchant details manually. ...
Safaricom Redefines M-Pesa Privacy With Consent-Based Verification
Safaricom is gradually discontinuing the automatic display of full M-PESA customer identities in mobile transactions
Safaricom grip loosens as Airtel, Starlink gain ground in key segments
Market leader cedes share in mobile money and broadband as competitors expand foothold.
Safaricom’s Ziidi Fund Posts Ksh784M Profit as Uptake Grows
Safaricom’s Ziidi Money Market Fund is beginning to show solid returns as more Kenyans turn to mobile-based investing for safe and flexible options. The fund posted a profit after tax of Ksh 784.2 million for the 14 months ending December 31, 2025, according to its latest financial statements. The performance was supported by strong growth […]
Safaricom money market fund Ziidi post 784m profit in 14 months
All transactions to and from the M-Pesa wallet to the Ziidi MMF fund are free, giving it an edge over other MMFs where customers incur charges to move money from their mobile money wallets or...
Safaricom share sale case sent to Chief Justice after judge steps aside
The Safaricom-Vodacom deal now faces deeper judicial scrutiny over its broader the contested transaction.
Safaricom’s Ethiopia bet gains traction as M-Pesa users rise sharply
Mobile money uptake surges following integration with national payments switch, lifting transactions and signalling early gains in Safaricom’s Ethiopia expansion.
Safaricom's Decode 4.0 "Made of Kenya Edition" Kicks Off March 31
Safaricom's Decode 4.0, tagged the "Made of Kenya Edition," opens its doors at the Sarit Expo Centre in Nairobi this Tuesday, March 31.
Safaricom's Decode 4.0 "Made of Kenya Edition" Kicks Off March 31
Safaricom's Decode 4.0, tagged the "Made of Kenya Edition," opens its doors at the Sarit Expo Centre in Nairobi this Tuesday, March 31.
45 Days, 400,000 Traders: M-Pesa Pulls Retail Into the Market
In just 45 days, 400,000 people stepped into a market that had barely moved in nearly a decade, and now the real question is whether this sudden surge in everyday trading will deepen Kenya’s financial culture or stretch a system that was never built for this kind of speed
45 Days, 400,000 Traders: M-Pesa Pulls Retail Into the Market
In just 45 days, 400,000 people stepped into a market that had barely moved in nearly a decade, and now the real question is whether this sudden surge in everyday trading will deepen Kenya’s financial culture or stretch a system that was never built for this kind of speed
M-PESA Data Minimization Rolls Out—But SMEs Face a Privacy Delay
M-PESA is reducing what people see in peer to peer payments while small businesses continue to receive full customer details, leaving a visible gap in how privacy is applied across the system
M-PESA Data Minimization Rolls Out—But SMEs Face a Privacy Delay
M-PESA is reducing what people see in peer to peer payments while small businesses continue to receive full customer details, leaving a visible gap in how privacy is applied across the system
Safaricom Extends M-Pesa Data Minimization to P2P Transfers | The Kenyan Wallstreet
Safaricom will roll out enhanced data minimization on M-Pesa from 24 March 2026, reducing visible customer names and masking phone numbers in Send Money tran...
M-Pesa Expands Into Tax Payments in Ethiopia With Amhara Deal | The Kenyan Wallstreet
M-Pesa is moving deeper into Ethiopia’s public-sector payments system after signing an agreement that will allow taxpayers in the Amhara region to settle tax...
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