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The Day a Call to My Boss Ended With Me Owning a Car

I was busy looking at a report from one of my colleagues when the office phone rang. I looked up, and my eyes met the baffled face of my colleague Nancy. We both hesitated, our eyes were screaming. You take it.

Well, to be completely honest, everyone at the office has been on edge since the top brass announced plans to reduce the workforce.

Finally, my stare convinced Nancy to pick up the phone. And her face, which looked flustered, quickly changed as she turned towards me. “The boss wants to see you,” she said with a grin on her face.

Inside J-Care Lipa Polepole Affordable Health Insurance with Installment Payments

Sickness is one area of life that often does not have a warning before striking, but it leaves many in debt. However, that shouldn’t be the case with you and your loved ones.

Data shows Kenyans spent an annual average of Ksh37,362 on inpatient services and an average of Ksh1,735 per month on outpatient services in 2022, raising the need to shield yourself from these costs with flexible and convenient health coverage for you and your family.

How to Win a Piece of Land With KCB Goal Savings Account

KCB Group is kicking off the year with a game-changing incentive to boost your savings goals — a grand prize of a piece of land and other enticing rewards.

This year, KCB will gift lucky customers with school fees, a paid dinner, Mbuzi, and fuel, among other prizes, in the promotion that runs until May. This is part of a campaign to gift KCB customers using the KCB Goal Savings Account, the highest-earning savings account in Kenya.

Unlock the Secret to a Healthier, Happier Life This Christmas with These Flavorful Veggie Hacks

Najua Krisi imefika, na tunajua know things have been tough lately, and sometimes it feels like making ends meet is a struggle. But what if I told you that a small change in what you cook could give your family more energy, better moods, and even help save some money, hii Krisi? Yes, najua umeskia story mob about your health, but hii ni a little different.

Co-op Bank & Visa Launch Business Cards to Revolutionize Business Payments

Co-operative Bank of Kenya, in partnership with Visa, has launched a debit card, and credit card, and a pre-paid business card designed to transform how medium and small business enterprises, cooperative societies, and corporate institutions in Kenya.

This new programme will help MSMEs manage their expenses, empower employees, and optimise financial control.

The cards, which can be used both locally and internationally, enable customers to separate business expenses from personal expenses and make payments directly from their business accounts.

Safaricom Half Year Revenue Grows to Ksh181 Billion on Strong Service Performance

Peter Ndegwa
Safaricom Chief Executive Officer Peter Ndegwa during the announcement of the half-year profit for the financial year 2025 at Safaricom headquarters in Nairobi.
Safaricom

Safaricom PLC has recorded another consecutive growth in its half-year financial results, with the company’s revenue rising to Ksh181 billion for the period ending September 30, 2024. This marks a stellar 14 per cent increase in profits, bolstered by strong performance across all its key service sectors, including MPESA, voice, and mobile data.

The announcement, made on Thursday, November 7, points to Safaricom’s expanding market influence, not only in Kenya but also in Ethiopia, where the company recently made its foray. 

One of the standout figures in the report was the company’s service revenue, which surged by 12.9 per cent to reach Ksh177.5 billion. This growth reflects the company’s success in attracting a broader customer base across its various services, especially in the mobile money and data segments.

The Ethiopian market has played a pivotal role in driving the company’s top-line growth. Safaricom’s entry into Ethiopia has been marked by a positive reception, with consumers increasingly adopting its services, a trend that is expected to continue. This expansion has also contributed to the company’s overall revenue boost, aligning with its long-term growth strategy.

Safaricom
A graphic impression of the Safaricom Group Year Performance for the half year of 2025.
Kenyans.co.ke

MPESA, Safaricom’s flagship mobile money service, continues to shine, generating Ksh77.2 billion in revenue for the first half of the year, up from Ksh66.2 billion last year. This 16.6 per cent increase underscores the service’s continued dominance in the mobile financial space. 

The recent launch of MPESA Ratiba, a payment scheduling service introduced in October, has further strengthened MPESA’s position as a key revenue driver. According to Safaricom CEO Peter Ndegwa, one million Kenyans have opted into the programme with Ksh336 million transactions being made so far.

Graphic
A graphic impression of Mpesa Revenue growth data presented at the Safaricom Group Year Performance for the half year of 2025.
Kenyans.co.ke

In addition, Safaricom's mobile data revenue saw a robust increase of 20.2 per cent, reaching Ksh35.6 billion. The telco also recorded a rise in earnings before interest and taxes (EBIT), which grew by 18 per cent to Ksh79.2 billion. This surge indicates a significant improvement in operational efficiency, as the company continues to streamline its processes and enhance profitability.

A key highlight of the report was Safaricom’s EBITDA (earnings before interest, taxes, depreciation, and amortisation), which exceeded Ksh100 billion for the first time, reaching Ksh102.9 billion. This 13.7 per cent increase showcases the company's strong financial health and its ability to generate cash flow while reinvesting in new technology and services.

The company’s net income for Kenya, a critical market, grew by 14.1 per cent, amounting to Ksh47.5 billion. This result reflects the sustained demand for Safaricom’s services, particularly as more consumers rely on mobile communication and data services for everyday tasks.

Looking ahead, Ndegwa announced that the company will continue venturing into other innovative solutions to continue driving its growth. He also thanked their customers for having been a big part of the impressive growth.

''As a telco, we are using artificial intelligence and big data to allow us to move away from one-size-fits-all all products to differentiated offerings that suit each customer. I want to thank our valued customers for allowing us to serve them over the last 24 years,'' Ndegwa stated.

On the other hand, Safaricom’s chairman, Adil Arshed Khawaja, announced that the company is embarking on its 2030 strategy. He noted that the 2020-2025 strategy, which successfully transitioned Safaricom from a traditional telecommunications company to a technology-driven business, is nearing its end. The new strategy will position Safaricom as Africa’s leading purpose-driven technology company by the year 2030.

''This fiscal year serves as the last for our 2020-2025 strategy,” Khawaja stated. “As we look towards 2030, we aim to be the leading purpose-led technology company in Africa, continuing to drive innovation and serve our customers with cutting-edge solutions.''

Safaricom
Safaricom CEO Peter Ndegwa addressing stakeholders at the company's half-year profit result announcement event in Nairobi on November 7, 2024.
Safaricom

 

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KCB Delivers Strong H1 Results, Enhancing Value for Customers and Shareholders

KCB Group PLC has delivered a robust performance in the first half of 2024, reaffirming its dominance as East Africa's leading financial institution. The Group’s profit after tax surged by a staggering 86 per cent to Ksh29.9 billion, up from Ksh16.1 billion in the same period last year.

This remarkable growth not only points to KCB’s resilience in a challenging economic environment but also reflects its unwavering commitment to customer-centric value propositions and sustainable shareholder returns.

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