Safaricom
Coverage of Safaricom in the Nexus archive.
- Morgan Stanley’s Bitcoin Executive Says Education — Not Products — Is Wall Street’s Real Obstacle
Morgan Stanley’s Head of Digital Asset Strategy, Amy Oldenburg, highlights education as the primary barrier to Bitcoin adoption on Wall Street. The bank successfully launched its Bitcoin Trust (MSBT), the first spot Bitcoin ETF by a U.S. chartered bank, with a $33.8 million debut and a 0.14% expense ratio. Regulatory constraints and vendor collapses delayed their crypto strategy, but the firm now focuses on internal adoption of its products.
- Kenya’s mobile money tax plans threaten M-Pesa growth
Kenya’s proposed 16% VAT on mobile money services like M-Pesa and Airtel Money, along with a 25% excise duty on mobile phones, risks slowing fintech growth and financial inclusion. Experts warn the taxes could push users back to cash, harm diaspora remittances, and undermine Kenya’s leadership in mobile money innovation.
- Safaricom Annual Profit Jumps 67%, Posts Third Consecutive Rise
Safaricom's annual profit has increased by 67%, marking the company's third consecutive rise in profits. The increase is a significant milestone for the company. This growth indicates a strong financial performance.