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The latest data released by Safaricom shows the amount borrowed through the facility grew by 49.3 per cent from Sh981.6 billion recorded the previous year, underlining the growing dependence on short-term credit by households and businesses facing financial pressure.
He explained how mobile alerts, community relocation initiatives and youth volunteer programmes are helping reduce the impact of floods and droughts.
Safaricom says M-PESA transaction value rose to Sh41.7 trillion and total transactions hit 46.4 billion. Payments revenue increased, while credit, wealth and insurance expanded and a record FY26 dividend was proposed.
Safaricom CEO Peter Ndegwa said M-Pesa processes about Sh103.2 billion daily through more than 500 million transactions across seven markets, following installation of infrastructure capable of 10,000 transactions per second. He spoke in Nairobi at the Connected Africa Summit.
Kalonzo told the judges that the company’s reach cuts across multiple sectors, making it a backbone of economic activity. He added that steps toward the share sale had already progressed within state organs, including approval by the National Assembly.
The firm said the problems were more severe among roaming and diaspora users, many of whom were automatically moved to the new version through device auto-update settings, leading to access challenges.
Kenya’s 25 most valuable brands have grown 3% to Sh349 billion, with banks dominating. Equity tops the list, KCB rises to second and Safaricom slips to third amid sector headwinds.
The suspect, a former convict, is believed to be part of a wider digital fraud network. The DCI said investigations are ongoing to identify accomplices and victims in the case.
The National Assembly of Kenya on Tuesday unanimously adopted a joint committee report allowing the government to offload a 15 per cent stake in the telco.
Kaluma said National Assembly Finance and National Planning Committee sought the best price for the public asset and challenged testimony that failed to present a credible alternative valuation.
Under the new system, customers making peer-to-peer (P2P) transactions will no longer view full phone numbers in transaction notifications. Instead, numbers will appear in a masked format, such as 0722***000, helping to shield users from exposure.
Under the approved plan, the government will sell about six billion shares, equivalent to 15 per cent of Safaricom, at Sh34 per share. The sale is projected to raise roughly Sh204.3 billion.