Wrap-Up: Our pick of main stories, Thursday May 7th, 2015

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It’s been a great day for Safaricom as the company announced its financial results for period ended on March 31. 2015. The telco recorded continued growth in all revenue streams, posting a total Kshs 163.4 billion in revenue, an increase of 13 per cent. This and much more on today’s wrap up.

Safaricom to extend 4G coverage to 13 towns by year-end

After Safaricom rolled out its 4G network in Nairobi and Mombasa, the telco plans to extend it to another 13 towns and cities by end of 2015. The firm’s CEO Bob Collymore announced this while releasing its financial results for the period ended March 31, 2015. Safaricom recorded a continued growth in all revenue posting a total revenue that increased by 13 per cent to Kshs 163.4 billion.

President Kenyatta unveils logo and website for 10th WTO Ministerial Conference

President Uhuru Kenyatta this week launched the 10th World Trade Organization (WTO) Ministerial Conference website at State House, Nairobi.President Kenyatta announced the launch through his Twitter handle on Tuesday this week, notifying the public that he had also launched the event’s logo. “I launched the Tenth World Trade Organization Ministerial Conference #MC10 logo and registration website” the tweet read.

Lumia 830 and Lumia 930 gold edition now available in Kenya

The Lumia 930 and Lumia 830 smartphones received a high-end refresh with an anodized gold colour and starting today these two smartphones will be available in either black or white with a premium gold finish at Safaricom outlets for a recommended retail price of Kshs 57,999and Kshs 42,999 respectively.

Safaricom’s M-PESA now running on Huawei’s Mobile Money platform

Huawei today announced that the new M-PESA service for Safaricom is now running on its open, secure, flexible and high performing Mobile Money Platform after it migrated all 12.8 million active subscribers overnight. TechMoran reported last year when Safaricom hired Huawei for this task.TheHuwaei Mobile MoneyPlatformis built to deliver basic banking transactions in developing countries and its technology works on both smartphones and feature phones.VodafoneandHuwaei have been working on the version since 2012.

21 ventures to graduate from Green Pioneer Accelerator’s Inaugural class

Focused on early stage enterprises contributing innovative solutions to environmental issues such as climate change, energy insecurity, loss of biodiversity and degradation of ecosystems, the Green Pioneer Accelerator will on the Tuesday, June 9th in Nairobi, Kenya and on Thursday, June 11th in Cape Town, South Africa showcase 21 entrepreneurs to investors and strategic partners at two closed Venture Forums.

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