Safaricom launches Ziidi Shari’ah Money Market Fund
The fund enables M-PESA customers to invest in ethical, interest-free instruments via Gulfcap Investment Bank, regulated by the Capital Markets Authority.
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Kenyan telecommunications and mobile money provider
safaricom.co.keLast updated
In short: Safaricom completed a landmark Vodacom stake sale, paid record dividends, launched a Shari'ah-compliant fund, and expanded in Ethiopia.
The fund enables M-PESA customers to invest in ethical, interest-free instruments via Gulfcap Investment Bank, regulated by the Capital Markets Authority.
Shareholders approved a final dividend of KES 1.15 per share, bringing the total to KES 2.00, as the Ethiopian unit nears profitability.
Boniface Mungania details the six other areas of the digital health program beyond insurance.
It reduced installation costs by 50%, doubled speeds, and launched WiFi Bamba for underserved areas.
The Court of Appeal has rejected the government’s and Vodacom’s bid to suspend a High Court ruling that nullified the Sh204.3 ...
President William Ruto's $39 billion infrastructure plans could be starved of cash after a Kenyan court quashed his administration's recent divestiture in East Africa's most...
Kenya’s contested Safaricom sale reveals how urgent short-term cash needs eclipsed long-term value, domestic ownership and constitutional scrutiny.
Safaricom’s explosive four-year expansion in Ethiopia is defined by its rapid infrastructure deployment, having built over ...
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