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Brand Voice

Safaricom’s Daraja 3.0 Platform Speeds Up API Integration for Kenyan Businesses

Faster integration of payment systems is emerging as a competitive advantage for businesses operating in Kenya’s digital economy. Developers say improvements introduced under Safaricom’s Daraja 3.0 platform are significantly reducing the time it takes for companies to connect their systems...

Tech

Safaricom Targets 12,000 Transactions Per Second with Major Daraja API Upgrade

Safaricom has unveiled a significant upgrade to its developer gateway, Daraja 3.0, marking a fundamental shift in how businesses integrate with the M-PESA ecosystem. The latest version of the platform moves away from being a simple payment bridge to becoming...

Business

Safaricom Launches Daraja 3.0 as M-PESA Transactions Surpass 100 Million Per Day

Safaricom PLC said on Tuesday that its newly upgraded API platform, Daraja 3.0, is poised to drive the next phase of digital innovation across Kenya, as M-PESA daily transactions exceed 100 million and API usage continues to rise across...

5G

Meta Backs Safaricom’s $23m Daraja Subsea Cable to Boost Kenya’s Internet Capacity

Meta Platforms Inc.’s affiliate Edge Network Services will help finance and take a stake in Safaricom PLC’s new 4,108-kilometre Daraja subsea cable, a system linking Oman to Mombasa that is set to go live in 2026. Regulatory filings show Safaricom...

Business

Safaricom Daraja API to Go Fully Self-Service

Safaricom, which recently unveiled its Daraja 3.0, a new iteration of its application programing interface (API) for its developers, has now made its platform fully self-service to allow developers log in and plug their applications without much back-and-forth. The home...

Startups

Umba, which acquired Daraja Microfinance Bank, launches its digital-first bank in Kenya

Umba, the digital bank for emerging markets, has launched its digital banking operations in Kenya after acquiring Daraja Microfinance Bank, six months ago in a move expected to enable to offer full banking services in Kenya, including current accounts,...

Startups

Digital Banking Platform Umba acquires majority stake in Kenya’s Daraja microfinance bank

Umba, a U.S.-based digital bank that focuses on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. The move comes after Umba raised $15 million in a pre-series A round in April this year, when...

Business

Safaricom’s AI Super App Moment: Inside the Launch of My OneApp and Kenya’s Next Digital Leap

Safaricom is not content with being just a telco and payments company but a tech giant with ambitions to become the operating system of kenya's everyday life. These was made clear at its launch of My OneApp at the Decode...

Fintech

Safaricom and NSE Launch Ziidi Trader to Bring Stock Market to M-PESA App

Safaricom has teamed up with the Nairobi Securities Exchange (NSE) to launch Ziidi Trader, a digital platform that allows millions of Kenyans to trade shares directly through their mobile phones. The move integrates the local stock market into the M-PESA...

Business

How AI & Messaging Could Transform Safaricom’s M-PESA into Africa’s Super-App in 2026

M-PESA, Kenya’s mobile money service run by Safaricom, already touches the daily lives of millions across East Africa. But the next frontier for M-PESA couldn't just be payments but AI-powered conversational commerce. By combining AI messaging or conversational AI...

Tech

Meta, Safaricom to Rollout $23 Million Undersea Submarine Cable

Meta, through its subsidiary Edge Network Services Limited, has entered a deal with Safaricom to bring its second submarine cable, connecting Oman and Kenya. Meta has signed up Safaricom as a landing partner to a new high-capacity submarine cable. TechMoran first...

Startups

Safaricom Spark Accelerator Unveils 10 Startups for its Second Cohort

Safaricom has selected 10 startups as finalists for the second cohort of the Spark Accelerator Program, chosen from a competitive pool of more than 200 applicants. The telco says the selected startups – Mediakits.Io, WePlay Arcade, GoPay, FlexPay, QuePay, Leta.AI, Oye,...

Tech

Djibouti Telecom to Extend DARE1 Cable From Kenya to South Africa

Djibouti Telecom has announced that it will extend its Djibouti Africa Regional Express 1 (DARE1) to South Africa by 2028 just a day after Meta announced it had invested in Daraja, Safaricom's fiber optic cable network. The cable will link...

Business

Moniepoint’s Acquires 78% stake in Kenya’s Sumac Microfinance Bank

The Competition Authority of Kenya (CAK) has given the green light to Moniepoint Inc., a U.S.-based fintech firm, for the acquisition of a 78% stake in Sumac Microfinance Bank Limited, marking a significant entry into the Kenyan financial services...

Business

M-PESA Celebrates 18 Years With Over 70 Million Customers

Safaricom’s mobile financial service M-PESA has today marked 18 years since its launch in March 2007 and is currently available in more than 170 countries globally serving over 70 million customers. The mobile financial services provider has grown to...

Brand Voice

Safaricom Officially Launches Ziidi Money Market Fund

Safaricom has launched Ziidi Investment platform with Ziidi Money Market Fund, as part of its 18-year celebrations. The Ziidi MMF now boasts of over one million opt-ins and is set to introduce Shariah compliant investments with time. Ziidi leverages the...

Business

NCBA injects KES 12 Million towards it’s Annual Education Scholarships reaching over 150 beneficiaries

NCBA has allocated KES 12 million to over 150 students through various partners, as part of its KES 100 million annual pledge that is designated to positively impact communities throughout the country. The funds have been disbursed and implemented through...

Business

Safaricom’s M-PESA Hits 34 Million Customers in Kenya

M-PESA, Safaricom mobile money platform, has hit 34 million subscribers, just a few months shy of its 18th anniversary coming up in March 2025. M-PESA has evolved over the years beyond payments and transactions to a financial ecosystem offering credit,...

Business

Nigerian digital bank FairMoney set to acquire Umba in a $20 million all-stock deal

FairMoney, a Nigerian digital bank and headquartered in Paris, is set to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya. The $20 million all-stock deal indicates FairMoney’s interest in growing its...

Tech

Safaricom Launches Three Cutting-Edge Platforms to transform Kenyan Techspace

In a remarkable culmination of the second edition of the Safaricom Engineering Summit, held under the theme of "Igniting Africa's Digital Renaissance," Safaricom unveiled three groundbreaking platforms poised to revolutionize the tech landscape. This two-day forum attracted over 800 in-person...

Startups

Fingo Africa joins Umba as second digital bank to be approved to launch in Kenya

Fingo Africa is becoming the second digital bank after Umba to receive regulatory approval from the Central Bank of Kenya (CBK) to roll out its services in the Kenya. Fingo Africa is targeting to roll out digital banking services including opening...

Business

Safaricom Hosts Inaugural Annual Engineering Summit

Safaricom (NSE: SCOM) has commenced a two-day summit forum for industry and other related stakeholders to showcase new technology and emerging trends while bringing together a community for Kenyan engineers. The summit is informed by the fast-changing fintech landscape, emerging...

Business

OPay, Opera’s payments platform launches OBus in Nigeria & it’s not done yet

Opera's OPay, a payment and financial inclusion startup has launched OBus, a shuttle booking service in Nigeria to take on Swvl, Careem Bus, Little Bus among others according to people familiar with the matter. The firm is not stopping there,...

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