Safaricom

No one in Kenya's FinTech supply chain and ecosystem has quite figured out how to remove or mitigate all points of resistance, which means that there is still room for others to come in and create different flavours of value that will resonate with consumers.

Kenyan authorities have ordered Safaricom, Airtel and Telkom Kenya to suspend all mobile money transactions related to betting. The Betting Control and Licensing Board has said that none of the betting companies licenses have been renewed.

There are some lessons for startups in how M-PESA managed to scale across Kenya. Although some of the success can be attributed to luck, some of it was methodical.

Michael Joseph has been appointed as the acting CEO of Safaricom in Kenya. This follows after the passing of former CEO, Bob Collymore, who passed away on 1 July 2019.

Bob Collymore has passed away. This is according to a statement from Kenya's largest mobile service providers, Safaricom. He is reported to have passed away on the morning of Monday, 1 July 2019.

In what is an unprecedented lawsuit in Kenya, Safaricom is being sued for an alleged data leak. Benedict Kabugi, a Safaricom customer, is has filed a lawsuit against the company for apparently having the personal data of customers leaked.

South Africa's Vodacom and Kenya's Safaricom have made a joint bid to buy M-PESA from the UK's Vodafone for $13 million.