Safaricom shareholders have given their approval for the establishment of two new subsidiaries — one dedicated to investing in seed-stage start-ups and another focused-on growth-stage start-ups. The approval, which took place during Safaricom's 15th Annual General Meeting (AGM), represents a significant milestone in supporting tech entrepreneurs and strengthening Safaricom's role as a key enabler of the Kenyan tech community.

Read more: Safaricom Shareholders Approve New Subsidiaries to Support Tech Start-ups

Ride-hailing app Uber has recently introduced M-PESA payments on its platform, allowing riders to pay for their cab fare using Safaricom's mobile money service. This addition comes shortly after Uber Eats also introduced the same payment feature. The timing of this new service is welcomed, as customers have long been frustrated by the absence of this payment option.

Read more: Uber Kenya Introduces M-PESA Payments for Ride Fares

Airtel Zambia has officially launched its 5G network with a grand event, showcasing the impressive capabilities of their 5G services. The launch allowed guests to experience high-speed network connectivity on smartphones, enjoy virtual reality (VR) experiences, hyper-realistic VR gaming, VR Golf gaming, 8K streaming and much more.

Read more: Airtel Rolls Out 5G Services in Zambia

In a momentous event held at their headquarters, Etisalat Egypt, in collaboration with the Ministry of Interior, officially introduced the highly anticipated Civil Registry Office. The inauguration ceremony was honored by the esteemed presence of H.E. Dr. Amr Talaat, Minister of Communications and Information Technology.

Read more: Etisalat Egypt and Ministry of Interior Launch Anticipated Civil Registry Office

MTN Rwanda PLC has achieved a significant milestone in Rwanda's telecommunications sector by launching its 4G LTE network. This launch aims to transform Rwanda's digital landscape by offering faster, more affordable and more reliable connectivity to individuals, communities and businesses nationwide.

Read more: MTN Rwanda to Deploy 4G LTE Network Across Country

MTN Group, a prominent South African mobile phone company, is actively implementing its "Ambition 2025" strategy by deploying 5G technology across Africa. Notably, MTN has already introduced commercial ultra-broadband in South Africa, Nigeria and Zambia, while pilot phases are underway in other markets.

Read more: MTN Launches Uganda's First Commercial 5G Network

Safaricom M-PESA has partnered with TerraPay, a global payments infrastructure company, to promote financial inclusion through instant borderless payments. The collaboration, facilitated by TerraPay's subsidiary Mobex (Kenya), a licensed Money Remittance Provider, will allow over 30 million M-PESA mobile wallet-holders in Kenya to make real-time payments across all wallets in Bangladesh and Pakistan, with plans for India and Nepal in the near future.

Read more: Safaricom M-PESA to Expand Its Money Transfer Services

More Articles ...