Safaricom has explained why some customers who transact tens of thousands of shillings on M-PESA every month still have relatively low Fuliza borrowing limits, saying transaction value alone does not determine how much a subscriber can access through the overdraft facility. The clarification came after a customer claimed on Facebook that despite transacting more than
A social interaction between Safaricom PLC and one of its clients has sparked discussions about the ownership and usage of Bonga Points, following the telecom giant’s justification for the deduction of Bonga Points from a client’s account to settle an outstanding Okoa Jahazi debt. The controversy came up after Movin Amboka took to LinkedIn to
Vodacom Group has completed the acquisition of an additional 20% effective stake in Safaricom PLC, increasing its ownership in Kenya’s leading telecommunications company to approximately 55% and taking control of the business. The South African telecommunications giant confirmed that the transaction, valued at $2.1 billion (about R35 billion and approximately Ksh 272.4 billion), has been
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