Safaricom faces $4.5 million fine $4.5 million for failing to connect smaller firms

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Kenya’s biggest telco Safaricom may be fined about $4.5 million by the regulator for failing to connect calls made to smaller firms, according to company and regulatory documents reviewed by Reuters. The Communications Authority of Kenya (CA) has imposed a fine on Safaricom, part-owned by South Africa’s Vodacom and Britain’s Vodafone, of 0.2 percent of its gross revenue for the last financial year, equivalent to 449 million shillings ($4.5 million), the documents show. Safaricom denies the accusation and has secured a temporary suspension of the fine pending a hearing before…

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Uber and Little Cab’s duel for Nairobi’s Taxi Market

Dar es Salaam
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Uber is in the middle of a bruising battle for dominance in east Africa’s largest economy: Kenya. The ride-hailing company started operating in the cities of Nairobi, Mombasa, Kisumu and Thika last year. It has already outlasted the online cab operator Easy Taxi, which opted out of the Kenyan market in May this year following a decision by one of its backers, Goldman Sachs, to direct all its investments towards the more profitable Uber. However, Uber now has a new domestic rival: Safaricom. It’s one of Kenya’s largest companies, 40%…

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Africa’s mobile money platform Mpesa expands to Europe

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Editor’s note: Tomorrow Transformed explores innovative approaches and opportunities available in business and society through technology. (CNN) — Snapchat may be the latest application with a new mobilepayment feature launched this week, but the idea that made Snapcash possible was spawned more than seven years ago in Africa. When M-Pesa came on the scene in 2007 — a money transfer system devised by Vodafone and Kenya-based Safaricom – it sparked a mini-revolution. With the touch of a button, relatives in Nairobi could transfer cash instantly to their remote up-country families…

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Kenya: Safaricom, Seven Seas Technologies in joint bid for county ICT tenders

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Safaricom has partnered with Kenyan based ICT multinational Seven Seas Technology in an initiative aimed at harnessing the use of technology to offer integrated communications solutions to Safaricom enterprise and mobile consumer segments. In Summary Under the partnership signed Tuesday, the two firms will market education, health and agriculture IT management solutions to the counties. The Safaricom and Seven Seas partnership comes at a time when most county governments are adopting automated systems to get rid of ghost workers and streamline their financial platforms to seal revenue leakages through corruption.…

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African Mobile Money platform Mpesa adopted in Europe

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Vodafone brings Africa’s M-Pesa mobile money to Europe * Launch targets 7 mln in Romania who mainly use cash * M-Pesa has 16.8 mln active customers in emerging markets * Mobile payments expected to grow rapidly in coming years By Kate Holton LONDON, March 31 (Reuters) – Vodafone brought the mobile money service that has revolutionised banking in Africa to Romania on Monday, offering M-Pesa text-message transactions to millions of customers in its first push into Europe. Vodafone said it had chosen Romania to target the seven million people there…

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Ericsson chosen for money platform in Peru

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Asbanc, Peru’s national bank association, has chosen Ericsson to design and build what is claimed will be the country’s largest private initiative aimed at financial inclusion. The aim is to deliver the underlying infrastructure over which financial services can be pitched to the country’s mobile users, most of whom do not have access to traditional bank accounts. The platform will have a staged rollout but Asbanc wants to see services generally available in Peru during 2015. Ericsson’s platform is intended to host services from different financial institutions and other companies…

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