Michael Mutiga News Today

NAIROBI, Kenya, May 28 - Over 30 local entrepreneurs have had an opportunity to pitch to a panel of successful entrepreneurs, investors and corporate Kenya breaking news | Kenya news today |

Safaricom Ethiopia has finalised a $257 million deal with the International Finance Corporation (IFC). The IFC will loan the telecom $100 million and invest $157.4 million in exchange for 7.25% equity. More in #TCDaily.

Safaricom Ethiopia has finalized on its investment funding from two members of the World Bank Group; IFC and MIGA.

Amid dropping profits, Safaricom is still keen in venturing into VC funding should shareholders approve the move.

As Safaricom’s mobile calls and short message revenue lines stagnate due to an increasingly saturated Kenyan market, Kenya’s biggest telco has grown reliant on mobile money, M-Pesa.

Safaricom, a Kenyan telecommunications service provider, has hired the managing director of Citibank to be in charge of strategy and acquisitions. The telco is currently seeking regulatory approvals to launch insurance, unit trust, and savings products in an endeavour to compete with larger financial services and expand its mobile money platform M-Pesa. Michael Mutiga, MD […]

Safaricom has announced that it has appointed Michael Mutiga as the Chief Business Development & Strategy Officer effective 1st May 2022.

Mr Michael Mutiga is Citi’s managing director and head of corporate finance for Sub-Saharan Africa.

A quartet of international finance organisations have provided the latest backing to the African home solar market.

Standard Bank Group, Citi, Norfund and CDC Group fund Greenlight Planet Kenya, leading solar energy business in Africa