When was safaricom incorporated as a private company

Safaricom Limited was incorporated on 3 April under the Companies Act as a private limited liability compan. It was converted into a public company with limited liability on 16 May The company is the leading provider of converged communication solutions in Kenya.

In addition to providing a broad range of first-class products and services for Telephony, EDGE, Broadband Internet and Fax, Safaricom seeks to uplift the welfare of Kenyans in direct ways through value added services and financial support for community projects. Prior to that, he was Vodafone's Governance Director for Africa where he was responsible for developing and driving Vodafone's strategy for its investments in Africa as well as representing Vodafone as a key direct foreign investor in a number of African countries.

After the announcement of the deal, which was made between Vodafone and Vodacom, the Safaricom shares raised to 1. This deal was considered as a vote of confidence by the Safaricom team since their strategy was to enlarge the M-PESA platform to be available in other African markets. So how does the Safaricom shareholders register look like?

Currently, the principal Safaricom individual shareholders are:. Fast and easy ways to sambaza Safaricom credit to friends and family.

Established on 6th March by Vodafone's Kenyan associate, Safaricom, M-Pesa is Africa's leading mobile money service, with over 37 million active customers and almost , active agents operating across 7 countries: the Democratic Republic of Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.

Before he died, Bob Collymore had begun negotiating for the M-Pesa brand and intellectual rights to be transferred to Safaricom.

He said:. Safaricom could save as much as Kshs 1. Learn how to activate Mpesa at home. Safaricom has various products that it provides to its customers. The company gives mobile telecommunication for its customers through several product segments. Some of the most common products are listed below:. This product enables the Safaricom users to transfer funds, buy airtime, bundles, and save money in their savings account.

Voice calls and messages service enables the entrepreneurs, clients, friends, and families to stay connected. You can choose the voice bundle or SMS bundle that suits your pocket, from the many options that are available. Safaricom is the most preferred service, which provides the fastest internet when compared to other service providers.

This service helps a lot of people, especially those who do online jobs. The company has focused on enhancing its image by involving itself in the community and focusing on local themes, which may resonate with the targeted customer base. During , Safaricom continued an aggressive growth campaign both to increase its subscriber base-by launching a series of promotions and investing heavily in subscriber acquisition-and to increase the core network capacity and coverage in rural areas.

To attract new investments into the ICT sector, the regulation capping foreign ownership of telecoms companies at 80 percent is being relaxed to allow foreigners to launch operations without a local partner. The introduction of new players and a changing regulatory landscape will bring new challenges to Safaricom and the industry as a whole. Retail tariffs are likely to experience downward pressure, which will lower ARPU for both prepay and post pay subscribers for the industry as a whole.

Enhanced competition will also create the need for the company to maintain higher levels of selling and limit its general and administrative expense levels. This is due to the potential requirement for higher advertising costs to protect the subscriber base and increased payroll costs to retain key managerial talent. In Safaricom launched Kenya's first mobile internet portal www.

Safaricom recently launched Africa's first fully solar-powered phone, branded Simu ya Solar. The new solar-powered mobile phone went on sale in Kenya in August In mid-May Safaricom also joined the race to capture the data market in the telecoms industry and launched the caller ring back tune service. The service branded Skiza, enables subscribers to choose a preferred song and set it as their ring back tune.

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