Kenya overtaken by Tanzania in mobile money transfer

[Geza Ulole]

Tanzania is ahead of Kenya when it comes to mobile money use, despite the fact that Kenyans have been using mobile money solutions for 7 years.

Tanzania was ranked ahead of Kenya in terms of mobile money systems as 44% of adults in Tanzania used some form of mobile money in 2013--ahead of Kenya's 38%. M-Pesa is now just one of 242 mobile-enabled e-money providers operating in 89 countries, boasting 203 million mobile money accounts between them, according to the GSM Association.

The GSMA is a trade association of mobile carriers. The GSMA states that about 61 million accounts were active in the 90 days to June 2013 when the study was done.

Last December alone, Tanzanians conducted 99.9 million transactions worth a combined total of Tshs 3.1 trillion ($1.8 billion), not a simple feat considering that only 14% of Tanzanian adults use banks, less than half the rate in Kenya, and on a par with Zambia towards the bottom of the table.

The GSMA further notes that mobile-money accounts now outnumber bank accounts in nine African countries, namely Cameroon, DRC, Kenya, Madagascar, Tanzania, Uganda, Zambia and Zimbabwe.

Mobile money relies on, Unstructured Supplementary Service Data (USSD), a simple, text-based data-transfer protocol used on mobile networks. And it is being used for everything from day-to-day transactions to tax payments, and from insurance to savings.

Tanzania is also ahead of Kenya in that the country has gone way beyond simple money transfer, with a basic mobile phone in the country now being used for a whole range of financial services.

According to Leo Mirani; a writer for Quartz, an online magazine, mobile money is getting more traction faster in Tanzania than in Kenya due to it being used for more than just its primary function of sending and receiving money.

"Mobile money isn't much if all it's being used for is money transfer. Businesses should be able to accept mobile money payments--all they would need is a mobile phone," writes Mirani. "But integrating mobile payments into business accounting can be a hassle.

And several mobile money providers restrict the service to within their own networks, so you can't pay someone who uses a different service.

"http://allafrica.com/stories/201407030111.html

This is just from Mpesa in 2013, Tigo pesa, Airtel money and Easy pesa not accounted

 

[Geza Ulole]

Wewe acha kujifanya zuzu. Mbona unakwepa swali? Nimekuuliza the total value of Transactions, acha kuniletea number of accounts wakati unajua Tanzania watu wana multiple accounts. Pia mimi sijakuuliza benefits zenye tigo inapea customers. Nimekuuliza total value of transactions.

give us evidence of Kenya transacting $3 bln per year! As i know if u get 3 bln per month this month and next month u can get Kshs 2 bln or kshs 2.5 bln! Evidence of that figure remaining constant? Aside that, lets say that figure remain constant for the whole year that means Ksh 36 bln per year equivalent of 36X20=Tshs 720 bln! is Tshs 720 bln equivalent to US$1.8? mind u that figure for total amount transacted is for 2013 in Tanzania! can be for Mpesa only, i believe the figure can be 3.5 times right now (over $5 bln) as the other report just said!

nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, Mzee, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11

 

[NairobiWalker]

give us evidence of Kenya transacting $3 bln per year! As i know if u get 3 bln per month this month and next month u can get Kshs 2 bln or kshs 2.5 bln! Evidence of that figure remaining constant? Aside that, lets say that figure remain constant for the whole year that means Ksh 36 bln per year equivalent of 36X20=Tshs 720 bln! is Tshs 720 bln equivalent to US$1.8? mind u that figure for total amount transacted is for 2013 in Tanzania! can be for Mpesa only, i believe the figure can be 3.5 times right now (over $5 bln) as the other report just said!

nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, Mzee, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11

One, Kenya doesn't transact $3 billion per year, it transacts $10 billion per three months that makes it $40 billion per year. Wewe unaongelea $5 billion per year na sisi tupo $40 billion per year. Leo utajiuma vidole tu.

2. Stop twisting the subject. It is you who should be giving us evidence not the other way round because it is you who started the thread.

 

[Geza Ulole]

One, Kenya doesn't transact $3 billion per year, it transacts $10 billion per three months that makes it $40 billion per year. Wewe unaongelea $5 billion per year na sisi tupo $40 billion per year. Leo utajiuma vidole tu.

2. Stop twisting the subject. It is you who should be giving us evidence not the other way round because it is you who started the thread.

evidence? 2014 u transferred Kshs 2.4 trln that is around US$ 2 bln at a rate of 1 $ to Kshs 110


Home

Money Markets

Money Markets

Kenya’s mobile money transfers up 25pc to Sh2,400bn

Share

Bookmark

Print Rating

A Safaricom agent transacts at an M-Pesa outlet. US-based researchers have ranked Kenya among Africa’s most prepared countries for digital investments. PHOTO | FILE

By JOSHUA MASINDE

Posted Wednesday, February 18 2015 at 12:52
In Summary

• Growth in mobile money transactions is expected to rise following the roll out of cashless payments in the public transport sector.
• Currently, Safaricom commands the largest share in the mobile money market.

The value of funds transacted through mobile phones in Kenya stood at Sh2.4 trillion in 2014 following increased uptake by consumers and aggressive marketing by service providers.

SHARE THIS STORY
Tweet


That is more money than is currently held as deposits by all the country's banks, mortgage firms and micro-financiers combined.

According to the latest data released by the Central Bank of Kenya (CBK), transactions carried out through mobile phones rose by 24.7 per cent to Sh2.37 trillion in 2014 compared to Sh1.9 trillion that was transacted through the same channel in 2013.

Monthly transactions rose to its highest level in December last year to Sh225.5 billion translating into a daily rate of Sh7.3 billion.

Analysts in the sector have attributed the growth to increased uptake of the service by merchants and individuals due to its convenience, cost-effectiveness and security as opposed to use of cash or other means to in making payments or transferring money.

Increased competition in the market as well as aggressive marketing of the service has seen it grow to historical levels, surpassing Kenya’s annual budget.

Mobile money transactions is expected to rise following the roll out of cashless payments in the public transport sector and public.

Mobile money was introduced in Kenya in early 2007. A total of Sh8.4 trillion has since been transacted through the service. The service also boasts of 123,703 mobile money transfer agents.

Currently, Safaricom commands the largest share in the mobile money market.

Other players are Orange, Airtel, MobiKash, Tangaza Pesa and Equity Bank.

Kenya’s mobile money transfers up 25pc to Sh2,400bn

 

[NairobiWalker]

Tanzania is ahead of Kenya when it comes to mobile money use, despite the fact that Kenyans have been using mobile money solutions for 7 years.

Tanzania was ranked ahead of Kenya in terms of mobile money systems as 44% of adults in Tanzania used some form of mobile money in 2013--ahead of Kenya's 38%. M-Pesa is now just one of 242 mobile-enabled e-money providers operating in 89 countries, boasting 203 million mobile money accounts between them, according to the GSM Association.

The GSMA is a trade association of mobile carriers. The GSMA states that about 61 million accounts were active in the 90 days to June 2013 when the study was done.

Last December alone, Tanzanians conducted 99.9 million transactions worth a combined total of Tshs 3.1 trillion ($1.8 billion), not a simple feat considering that only 14% of Tanzanian adults use banks, less than half the rate in Kenya, and on a par with Zambia towards the bottom of the table.

The GSMA further notes that mobile-money accounts now outnumber bank accounts in nine African countries, namely Cameroon, DRC, Kenya, Madagascar, Tanzania, Uganda, Zambia and Zimbabwe.

Mobile money relies on, Unstructured Supplementary Service Data (USSD), a simple, text-based data-transfer protocol used on mobile networks. And it is being used for everything from day-to-day transactions to tax payments, and from insurance to savings.

Tanzania is also ahead of Kenya in that the country has gone way beyond simple money transfer, with a basic mobile phone in the country now being used for a whole range of financial services.

According to Leo Mirani; a writer for Quartz, an online magazine, mobile money is getting more traction faster in Tanzania than in Kenya due to it being used for more than just its primary function of sending and receiving money.

"Mobile money isn't much if all it's being used for is money transfer. Businesses should be able to accept mobile money payments--all they would need is a mobile phone," writes Mirani. "But integrating mobile payments into business accounting can be a hassle.

And several mobile money providers restrict the service to within their own networks, so you can't pay someone who uses a different service.

"http://allafrica.com/stories/201407030111.html

This is just from Mpesa in 2013, Tigo pesa, Airtel money and Easy pesa not accounted

Mkuu wee unaongelea $5 billion kwa mwaka na hapa Kenya wazito tupo $40 billion kwa mwaka alafu unasema mumetupiku? Wewe acha pombe baba.

 

[Dosantos robert]

Uyu Gaza ulole ajui chenye anasema sijaona kwa google pahali tanzania inatop kea mobile money transfer .kila mahali naona tu kenya .huo utafiti ni wa uko TZ tu na watu wao

 

[NairobiWalker]

evidence?

Jibu swali langu kwanza alafu nitakupa evidence. Mimi sii kama wewe. Nimekuwa nikikuuliza evidence all through unaniambia nigoogle alafu hata hauna aibu unaniuliza evidence.

 

[Geza Ulole]

Jibu swali langu kwanza alafu nitakupa evidence. Mimi sii kama wewe. Nimekuwa nikikuuliza evidence all through unaniambia nigoogle alafu hata hauna aibu unaniuliza evidence.

nimekupa evidence hapo juu hujaona over $1.8 bln transfer for 2013 compared to around $ 2.1 for Kenya in 2014! check here

 

[NairobiWalker]

nimekupa evidence hapo juu hujaona over $1.8 bln transfer for 2013!

Nimeuliza figures za 2016 sio 2013. Hivi wewe unaweza linganisha $1.8 billion na $40 billion?

 

[NairobiWalker]

evidence? 2014 u transferred Kshs 2.4 trln that is around US$ 2 bln at a rate of 1 $ to Kshs 110


Home

Money Markets

Money Markets

Kenya’s mobile money transfers up 25pc to Sh2,400bn

Share

Bookmark

Print Rating

A Safaricom agent transacts at an M-Pesa outlet. US-based researchers have ranked Kenya among Africa’s most prepared countries for digital investments. PHOTO | FILE

By JOSHUA MASINDE

Posted Wednesday, February 18 2015 at 12:52
In Summary

• Growth in mobile money transactions is expected to rise following the roll out of cashless payments in the public transport sector.
• Currently, Safaricom commands the largest share in the mobile money market.

The value of funds transacted through mobile phones in Kenya stood at Sh2.4 trillion in 2014 following increased uptake by consumers and aggressive marketing by service providers.

SHARE THIS STORY
Tweet


That is more money than is currently held as deposits by all the country's banks, mortgage firms and micro-financiers combined.

According to the latest data released by the Central Bank of Kenya (CBK), transactions carried out through mobile phones rose by 24.7 per cent to Sh2.37 trillion in 2014 compared to Sh1.9 trillion that was transacted through the same channel in 2013.

Monthly transactions rose to its highest level in December last year to Sh225.5 billion translating into a daily rate of Sh7.3 billion.

Analysts in the sector have attributed the growth to increased uptake of the service by merchants and individuals due to its convenience, cost-effectiveness and security as opposed to use of cash or other means to in making payments or transferring money.

Increased competition in the market as well as aggressive marketing of the service has seen it grow to historical levels, surpassing Kenya’s annual budget.

Mobile money transactions is expected to rise following the roll out of cashless payments in the public transport sector and public.

Mobile money was introduced in Kenya in early 2007. A total of Sh8.4 trillion has since been transacted through the service. The service also boasts of 123,703 mobile money transfer agents.

Currently, Safaricom commands the largest share in the mobile money market.

Other players are Orange, Airtel, MobiKash, Tangaza Pesa and Equity Bank.

Kenya’s mobile money transfers up 25pc to Sh2,400bn

Nenda kajifunze hesabu kwanza ndio uje tuongee. Hivi Shillingi za Kenya trillioni 2.4 ni sawa na billion mbili za marekani? MK254 Kafrican njooni muone huyu mwehu.

Leo nitakuumbua hadi uumbike.

 

[Geza Ulole]

Nimeuliza figures za 2016 sio 2013. Hivi wewe unaweza linganisha $1.8 billion na $40 billion?

42% of Kenya GDP Transacted on M-pesa and 9 Takeaways From Safaricom Results
By Eric Wainaina -
May 7, 2015
11

0Shares
0
1

Safaricom announced its FY 2014/15 results today, surpassing expectations by posting a 38% increase in profit after tax to shs. 31 billion. The results were bouyed by growth of its non-voice revenue which we covered widely this morning.

We’ve rounded up 10 takeaways from Safaricom’s full year results.

1. M-pesa is Huge For Safaricom

The M-pesa money transfer service now represents 20% of Safaricom’s total revenue. The service currently has 13 million active monthly users representing nearly 50% of all Safaricom subscribers. Safaricom recently migrated its servers from Germany and is now hosting them in Kenya a move that has led to increased transactions speeds from 10 seconds to 3 seconds. Safaricom is also seeking to diversify the platform with services such as M-shwari in collaboration with Commercial Bank of Africa, that currently has 10 million registered users and 5.8 million active users. Others include the Lipa na M-pesa platform that has 49,413 and 11.6 billion worth of payments on the platform. Other services are M-pesa Surepay targeting government agencies and NGOs as well as the newly launched KCB M-pesa account.

2. Voice is Hurting But SMS is Healthy

Voice is Safaricom’s core business but registered a mere 4% growth in revenue to 87.4 billion. More users are using the internet for communication, which is a global trend. The recent launch of VOIP services on popular instant messaging platform Whatsapp is also likely to affect Voice revenue going forward. Safaricom plans to move the voice data from 2G to LTE in six months with the latter being cheaper to maintain. At the same time SMS continues to stand firm contributing 10% of the company’s revenue.Growth in messaging was as a result of affordable SMS bundle as well as SMS promotions such as ‘Bonyeza Ushinde’.

3. The Box

Safaricom is set to unveil tomorrow its media streaming box called the Big Box. The company will be providing buyers of the Big Box with free internet for the first six months. There is also free YouTube for users for three months. The Big Box will run on Android, will provide internet access via a 4G SIM slot as well as act as a wireless hotspot besides also being a gaming device. Streaming aside, the Big Box decoder will also have local channels. Keep it here for more on the Big Box.

4. Data is Part of the Future

Mobile data registered a 59% growth with monthly data customers increasing to 11.6 Million which represents 50% of Safaricom’s customer base. Interestingly, 4.3 million customers were using 3G enabled phones with 3.4 million using smartphones. Safaricom is already restructuring the model through which it sells its data bundles offering. This involves the introduction of data expiry periods. The model has been successful allover the world, with the internet service providers reaping better incomes from the data packages sold.

5. The Youth Love Safaricom

The Youth seem to love the Safaricom brand with 79% Youth Brand awareness. In addition, Safaricom registers 1 million youthful subscribers annually. Looks like the Safaricom activ8e , The groove tour and the Safaricom tour live parties are beginning to pay off.

6. Bob Collymore is CEO for Another 2 years

The Safaricom Board of Directors also decided to extend the mandate of CEO Bob Collymore for another two years. Nicholas Ng’ang’a, the Chairman of the Board lauded Collymore’s performance at the helm which informed the decision to extend his mandate. Under Collymore’s leadership, several key projects such as the transfer of M-pesa servers, rollout of 4G and content delivery have been initiated with some still ongoing. This may have also informed the decision to retain the CEO for continuity purposes.

7. Network Infrastructure

Safaricom invested 33.7 billion in improvement of the quality of network as well as coverage and capacity. Currently, the network is rolling out 4G with Nairobi and Mombasa covered through 236 sites. A planned expansion will cover 13 towns by the end of the year. Safaricom has 3,382 2G base stations, 1,943 3G base stations and 195 wimax sites. Safaricom hopes to extend its fiber connection to 1,000 buildings as well as improve its fixed data and managed service offerings.

8. 42% of Kenya GDP transacted via M-pesa

In the period, shs. 4.2 Trillion was transacted through the mobile money platform representing 42% of the Kenya’s GDP. GDP is a measure of the value of goods and services an economy produces. This is an interesting figure as partly because GDP does not represent the amount of money that that pays for goods and services. In addition, M-pesa mobile money transactions quote flows both into and out of the mobile money system meaning there might be some double counting. However, according to the Central Bank, mobile money contributes a staggering 66.56% of the total NPS which may make the figure accurate.

9. Safaricom is Bigger Than Burundi, Lesotho and Swaziland’s Economies

Safaricom’s market capitalization as at close of business today stood at Kshs. 703 billion or $7.4 billion. This is bigger than the GDP of several African nations including Burundi, Swaziland and Lesotho. If Safaricom was a country, it would probably rank as among the poorest in Africa if their market capitalization was to act as a representative of their Gross Domestic Product.

10. Loads of Cash Reserves and Largesse in Dividend Payouts

Safaricom currently has Shs. 27.5 billion in cash reserves which represents a 21% increase in free cash. I suppose this will be used for network upgrades, acquisitions and research and development. The company will also payout dividends of Shs. 25.65 billion representing 80% of the company’s net income which is a first in Kenya.

Is Kshs 4.2 Trl equivalent to $10 bln? keep dreaming! That is equivalent to btn $2 bln to $2.1 bln depending to exchange rates in 2015

 

[Geza Ulole]

Nenda kajifunze hesabu kwanza ndio uje tuongee. Hivi Shillingi za Kenya trillioni 2.4 ni sawa na billion mbili za marekani? MK254 Kafrican njooni muone huyu mwehu.

Leo nitakuumbua hadi uumbike.

yap exchange rate inasema 1$ =100 Kshs! and depending on the year in particular the exchange rate can even rice!

 

[Dosantos robert]

 

[NairobiWalker]

42% of Kenya GDP Transacted on M-pesa and 9 Takeaways From Safaricom Results
By Eric Wainaina -
May 7, 2015
11

0Shares
0
1

Safaricom announced its FY 2014/15 results today, surpassing expectations by posting a 38% increase in profit after tax to shs. 31 billion. The results were bouyed by growth of its non-voice revenue which we covered widely this morning.

We’ve rounded up 10 takeaways from Safaricom’s full year results.

1. M-pesa is Huge For Safaricom

The M-pesa money transfer service now represents 20% of Safaricom’s total revenue. The service currently has 13 million active monthly users representing nearly 50% of all Safaricom subscribers. Safaricom recently migrated its servers from Germany and is now hosting them in Kenya a move that has led to increased transactions speeds from 10 seconds to 3 seconds. Safaricom is also seeking to diversify the platform with services such as M-shwari in collaboration with Commercial Bank of Africa, that currently has 10 million registered users and 5.8 million active users. Others include the Lipa na M-pesa platform that has 49,413 and 11.6 billion worth of payments on the platform. Other services are M-pesa Surepay targeting government agencies and NGOs as well as the newly launched KCB M-pesa account.

2. Voice is Hurting But SMS is Healthy

Voice is Safaricom’s core business but registered a mere 4% growth in revenue to 87.4 billion. More users are using the internet for communication, which is a global trend. The recent launch of VOIP services on popular instant messaging platform Whatsapp is also likely to affect Voice revenue going forward. Safaricom plans to move the voice data from 2G to LTE in six months with the latter being cheaper to maintain. At the same time SMS continues to stand firm contributing 10% of the company’s revenue.Growth in messaging was as a result of affordable SMS bundle as well as SMS promotions such as ‘Bonyeza Ushinde’.

3. The Box

Safaricom is set to unveil tomorrow its media streaming box called the Big Box. The company will be providing buyers of the Big Box with free internet for the first six months. There is also free YouTube for users for three months. The Big Box will run on Android, will provide internet access via a 4G SIM slot as well as act as a wireless hotspot besides also being a gaming device. Streaming aside, the Big Box decoder will also have local channels. Keep it here for more on the Big Box.

4. Data is Part of the Future

Mobile data registered a 59% growth with monthly data customers increasing to 11.6 Million which represents 50% of Safaricom’s customer base. Interestingly, 4.3 million customers were using 3G enabled phones with 3.4 million using smartphones. Safaricom is already restructuring the model through which it sells its data bundles offering. This involves the introduction of data expiry periods. The model has been successful allover the world, with the internet service providers reaping better incomes from the data packages sold.

5. The Youth Love Safaricom

The Youth seem to love the Safaricom brand with 79% Youth Brand awareness. In addition, Safaricom registers 1 million youthful subscribers annually. Looks like the Safaricom activ8e , The groove tour and the Safaricom tour live parties are beginning to pay off.

6. Bob Collymore is CEO for Another 2 years

The Safaricom Board of Directors also decided to extend the mandate of CEO Bob Collymore for another two years. Nicholas Ng’ang’a, the Chairman of the Board lauded Collymore’s performance at the helm which informed the decision to extend his mandate. Under Collymore’s leadership, several key projects such as the transfer of M-pesa servers, rollout of 4G and content delivery have been initiated with some still ongoing. This may have also informed the decision to retain the CEO for continuity purposes.

7. Network Infrastructure

Safaricom invested 33.7 billion in improvement of the quality of network as well as coverage and capacity. Currently, the network is rolling out 4G with Nairobi and Mombasa covered through 236 sites. A planned expansion will cover 13 towns by the end of the year. Safaricom has 3,382 2G base stations, 1,943 3G base stations and 195 wimax sites. Safaricom hopes to extend its fiber connection to 1,000 buildings as well as improve its fixed data and managed service offerings.

8. 42% of Kenya GDP transacted via M-pesa

In the period, shs. 4.2 Trillion was transacted through the mobile money platform representing 42% of the Kenya’s GDP. GDP is a measure of the value of goods and services an economy produces. This is an interesting figure as partly because GDP does not represent the amount of money that that pays for goods and services. In addition, M-pesa mobile money transactions quote flows both into and out of the mobile money system meaning there might be some double counting. However, according to the Central Bank, mobile money contributes a staggering 66.56% of the total NPS which may make the figure accurate.

9. Safaricom is Bigger Than Burundi, Lesotho and Swaziland’s Economies

Safaricom’s market capitalization as at close of business today stood at Kshs. 703 billion or $7.4 billion. This is bigger than the GDP of several African nations including Burundi, Swaziland and Lesotho. If Safaricom was a country, it would probably rank as among the poorest in Africa if their market capitalization was to act as a representative of their Gross Domestic Product.

10. Loads of Cash Reserves and Largesse in Dividend Payouts

Safaricom currently has Shs. 27.5 billion in cash reserves which represents a 21% increase in free cash. I suppose this will be used for network upgrades, acquisitions and research and development. The company will also payout dividends of Shs. 25.65 billion representing 80% of the company’s net income which is a first in Kenya.

Is Kshs 4.2 Trl equivalent to $10 bln? keep dreaming! That is equivalent to btn $2 bln to $2.1 bln depending to exchange rates in 2015

Nimeona unasumbuliwa na hesabu sana rafiki. Wacha nikusaidie

100 Kenya shillings = 1 dollar
4,200,000,000,000 Kenya shillings = 4,200,000,000,000/100
= 42,000,000,000 dollars

Hiyo number husomwa 42 billion

Nadhani umesaidika sasa.

Ahsante.

Wacha niwaite wenzetu wakucheke sasa.

nomasana, sam999, NairobiWalker, hbuyosh, msemakweli, simplemind, Kimweri, Bulldog, MK254, Kafrican, Ngongo, Ab_Titchaz, mtanganyika mpya, JokaKuu, Ngongo, Askari Kanzu, Dhuks, Yule-Msee, waltham, Mzee, mombasite gabriel, Juakali1980, Boda254, mwaswast, MwendaOmo, Iconoclastes, oneflash, Kambalanick, 1 Africa, saadeque, burukenge, nyangau mkenya, Teen-Upperhill Nairobi, kadoda11

 

[NairobiWalker]

yap exchange rate inasema 1$ =100 Kshs! and depending on the year in particular the exchange rate can even rice!

Sasa uki divide 2.4 trillion by 100 unapata nini? Unajua wewe hujifanya muelewa wa mambo kumbe mbumbumbu. Hesabu ya darasa la pili kwa mtoto wa Kikenya unashindwa.

 

[NairobiWalker]

Mwenzangu Geza Ulole amejiahibisha hadi amechoka ametorokea kwake.

 

[Smatta]

Sasa uki divide 2.4 trillion by 100 unapata nini? Unajua wewe hujifanya muelewa wa mambo kumbe mbumbumbu. Hesabu ya darasa la pili kwa mtoto wa Kikenya unashindwa.

kenya 42 billion dollars, Tz 5 Billion dollars, Hii Thread ifungwe, we are done. NEXT

 

[NairobiWalker]

kenya 42 billion dollars, Tz 5 Billion dollars, Hii Thread ifungwe, we are done. NEXT

Let's hope Geza will shut his mouth on this issue forever.

 

[mwaswast]

42% of Kenya GDP Transacted on M-pesa and 9 Takeaways From Safaricom Results
By Eric Wainaina -
May 7, 2015
11

0Shares
0
1

Safaricom announced its FY 2014/15 results today, surpassing expectations by posting a 38% increase in profit after tax to shs. 31 billion. The results were bouyed by growth of its non-voice revenue which we covered widely this morning.

We’ve rounded up 10 takeaways from Safaricom’s full year results.

1. M-pesa is Huge For Safaricom

The M-pesa money transfer service now represents 20% of Safaricom’s total revenue. The service currently has 13 million active monthly users representing nearly 50% of all Safaricom subscribers. Safaricom recently migrated its servers from Germany and is now hosting them in Kenya a move that has led to increased transactions speeds from 10 seconds to 3 seconds. Safaricom is also seeking to diversify the platform with services such as M-shwari in collaboration with Commercial Bank of Africa, that currently has 10 million registered users and 5.8 million active users. Others include the Lipa na M-pesa platform that has 49,413 and 11.6 billion worth of payments on the platform. Other services are M-pesa Surepay targeting government agencies and NGOs as well as the newly launched KCB M-pesa account.

2. Voice is Hurting But SMS is Healthy

Voice is Safaricom’s core business but registered a mere 4% growth in revenue to 87.4 billion. More users are using the internet for communication, which is a global trend. The recent launch of VOIP services on popular instant messaging platform Whatsapp is also likely to affect Voice revenue going forward. Safaricom plans to move the voice data from 2G to LTE in six months with the latter being cheaper to maintain. At the same time SMS continues to stand firm contributing 10% of the company’s revenue.Growth in messaging was as a result of affordable SMS bundle as well as SMS promotions such as ‘Bonyeza Ushinde’.

3. The Box

Safaricom is set to unveil tomorrow its media streaming box called the Big Box. The company will be providing buyers of the Big Box with free internet for the first six months. There is also free YouTube for users for three months. The Big Box will run on Android, will provide internet access via a 4G SIM slot as well as act as a wireless hotspot besides also being a gaming device. Streaming aside, the Big Box decoder will also have local channels. Keep it here for more on the Big Box.

4. Data is Part of the Future

Mobile data registered a 59% growth with monthly data customers increasing to 11.6 Million which represents 50% of Safaricom’s customer base. Interestingly, 4.3 million customers were using 3G enabled phones with 3.4 million using smartphones. Safaricom is already restructuring the model through which it sells its data bundles offering. This involves the introduction of data expiry periods. The model has been successful allover the world, with the internet service providers reaping better incomes from the data packages sold.

5. The Youth Love Safaricom

The Youth seem to love the Safaricom brand with 79% Youth Brand awareness. In addition, Safaricom registers 1 million youthful subscribers annually. Looks like the Safaricom activ8e , The groove tour and the Safaricom tour live parties are beginning to pay off.

6. Bob Collymore is CEO for Another 2 years

The Safaricom Board of Directors also decided to extend the mandate of CEO Bob Collymore for another two years. Nicholas Ng’ang’a, the Chairman of the Board lauded Collymore’s performance at the helm which informed the decision to extend his mandate. Under Collymore’s leadership, several key projects such as the transfer of M-pesa servers, rollout of 4G and content delivery have been initiated with some still ongoing. This may have also informed the decision to retain the CEO for continuity purposes.

7. Network Infrastructure

Safaricom invested 33.7 billion in improvement of the quality of network as well as coverage and capacity. Currently, the network is rolling out 4G with Nairobi and Mombasa covered through 236 sites. A planned expansion will cover 13 towns by the end of the year. Safaricom has 3,382 2G base stations, 1,943 3G base stations and 195 wimax sites. Safaricom hopes to extend its fiber connection to 1,000 buildings as well as improve its fixed data and managed service offerings.

8. 42% of Kenya GDP transacted via M-pesa

In the period, shs. 4.2 Trillion was transacted through the mobile money platform representing 42% of the Kenya’s GDP. GDP is a measure of the value of goods and services an economy produces. This is an interesting figure as partly because GDP does not represent the amount of money that that pays for goods and services. In addition, M-pesa mobile money transactions quote flows both into and out of the mobile money system meaning there might be some double counting. However, according to the Central Bank, mobile money contributes a staggering 66.56% of the total NPS which may make the figure accurate.

9. Safaricom is Bigger Than Burundi, Lesotho and Swaziland’s Economies

Safaricom’s market capitalization as at close of business today stood at Kshs. 703 billion or $7.4 billion. This is bigger than the GDP of several African nations including Burundi, Swaziland and Lesotho. If Safaricom was a country, it would probably rank as among the poorest in Africa if their market capitalization was to act as a representative of their Gross Domestic Product.

10. Loads of Cash Reserves and Largesse in Dividend Payouts

Safaricom currently has Shs. 27.5 billion in cash reserves which represents a 21% increase in free cash. I suppose this will be used for network upgrades, acquisitions and research and development. The company will also payout dividends of Shs. 25.65 billion representing 80% of the company’s net income which is a first in Kenya.

Is Kshs 4.2 Trl equivalent to $10 bln? keep dreaming! That is equivalent to btn $2 bln to $2.1 bln depending to exchange rates in 2015

Kwani ulisomea wajinga primary school?Is Kshs 4.2 Trl equivalent to $10 bln?

 

[Geza Ulole]

Sasa uki divide 2.4 trillion by 100 unapata nini? Unajua wewe hujifanya muelewa wa mambo kumbe mbumbumbu. Hesabu ya darasa la pili kwa mtoto wa Kikenya unashindwa.

nitakupa figure za mobile transaction! Be patient u will be shocked!