Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Treasury Cabinet Secretary John Mbadi has moved to calm public fears over the Finance Bill 2026, insisting that Safaricom’s M-Pesa platform will not be affected by proposed tax changes on digital money transfer services. Speaking at a press conference on Monday, May 25, 2026, Mbadi said the government’s focus is on ICT-driven digital intermediaries rather…
Kirinyaga County residents have raised concerns over the proposed partial divestiture of the Government of Kenya’s shares in Safaricom, particularly over the possibility of Vodacom emerging as the largest shareholder. Speaking during a public participation forum on Sessional Paper No. 3 of 2025, residents questioned the long-term impact of the proposed sale on Safaricom’s infrastructure…
A youth-focused organization has urged Parliament to ensure transparency and safeguard public interest in the proposed government divestiture of Safaricom shares. Represented by Nelly Chepkemoi, WeCare addressed a joint sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatization, calling for independent, multi-firm valuation reports, public…
Airtel is poised to compete with existing players in Kenya’s home internet market, which has long been dominated by Safaricom. Their new broadband services specifically cater to users in residential and business settings. Named the ‘Unlimited Home Broadband’ service, this product is poised to compete with major operators, including Jamii Telecommunications Limited and Zuku, which…
Kenyans borrowed at least KSh2.3 billion on Safaricom’s mobile money overdraft product, Fuliza daily in the year ended March 31, 2024. According to the company’s data, the amount borrowed on Fuliza everyday can help to help the government carry out a huge project. The telco’s financial results released in Nairobi on Thursday, May 9 indicates…
Kenya telecoms operator Safaricom, today, May 9 announced that its group earnings before interest and tax, excluding Ethiopia, was KSh139.9 billion in its full year to end-March. It becomes first company in the region to cross past billion-dollar mark in earnings after operating profit for the full year to March rose by 20 per cent…
Equity Bank has once again been recognized as Kenya’s most admired brand, as banks top the list of best brands in the country. According to the latest report by brand valuation consultancy firm–Brand Finance, Equity attained a brand value increased to KSh65.8 billion, representing one per cent increase. Safaricom follows closely with KSh58.1 billion then…
Some 268, 000 government-backed locally assembled smartphones have been sold to Kenyans since the first consignment was unveiled to the market end of October last year. The figure translate to 80 per cent of the 330, 000 phones assembled. Cabinet Secretary for Information, Communications and the Digital Economy, Eliud Owalo speaking at Aga Khan University’s…
Top Saccos in the country are paying members at least four per cent more in dividends for their 2023 savings compared to a year earlier. Most cooperatives attributed the performance to muscular growth in its net interest income, enhanced member deposits and increased membership. Safaricom Investment Corporative (SIC) members will take home KSh142.4 million in…
Kisumu County has partnered with Safaricom to unveil a new Integrated County Revenue Management System (ICRMS) to offer a one-stop platform for residents to access and pay for county services. Governor Anyang’ Nyong’o remarked that the automated system will not only enhance accessibility and transparency but also boost its Own Source Resource (OSR) collection. “With…
