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Safaricom announces milestone, says Fintech 2.0 financial services initiative has helped to drive up adoption.
The construction phase is expected to last approximately 45 weeks, with the facility projected to be operational by early 2027.
The company said this is far more than another fibre link, it’s a new digital highway for the region.
The policy launched on Tuesday marks a major milestone in Kenya’s transition towards clean, sustainable, and innovative transport solutions.
The endorsement positions the $1.6 billion (Sh204.3 billion) deal as a critical release valve for the National Treasury.
The announcement, made in a public notice on Tuesday, is a key milestone in a year-long regulatory dispute over digital privacy and the harvesting of iris scans for cryptocurrency.
The agreement with Abu Dhabi's ADI Foundation will bring blockchain technology to the M-PESA platform.
The parties have started discussions about forming a strategic partnership to promote digital transformation in the country's public sector.
The measure is intended to enhance national cyber security and protect highly sensitive digital systems crucial to Kenya's digital economy.
The Central Bank said the new licensees had been thoroughly evaluated for their business strategies, governance structures, and consumer protection systems.
The increase in prices is part of the telco's frantic effort to break-even by March 2027.
The next 2026 review is set to be another chapter in a decade-long battle in which Kenyan telecoms have traded legal blows, lobbied fiercely, and accused each other of economic sabotage.
