Monday
October 21
2019

Kenyan telco Safaricom’s Alpha incubator faces uncertain future

By Jake Bright

Safaricom’s  Nairobi-based Alpha innovation incubator may have an uncertain future, according to sources.

With two high-level departures, and the passing of Safaricom’s CEO Bob Collymore, there are questions on how or if Alpha will continue to operate.

The space was established in 2017 to spur new product development for Safaricom, which is Kenya’s largest mobile operator and the provider of M-Pesa — East Africa’s most used mobile-money product.

As TechCrunch reported, one of the first objectives of Alpha was to build upon the success of M-Pesa.

Source: TechCrunch (link opens in a new window)

Categories
Finance, Technology
Tags
incubators, technology