Safaricom

Safaricom PLC
ClimateTechnology
James Wambua

The making of an eco-friendlier tech industry

Just a few years ago, supply chains were all about getting things done quickly and efficiently. But times have changed. Now, companies are thinking about new challenges, such as the risks linked to climate change, and the urgent need to cut down on carbon emissions. This shift is happening because customers, investors, and employees are all pushing for more transparency and accountability when it comes to sustainability across industries. For telco giant Safaricom, this emphasis on Environmental, Social, and Governance (ESG) practices is not just staying within the company walls; it’s spreading fast into their entire supply chain system. Carbon footprints “We are intentionally working

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Safaricom
Technology
James Wambua

Safaricom’s impact on Kenya’s economy up 7.4 percent to Sh909Bn

Telco giant Safaricom’s contribution to the Kenyan economy in the fiscal year 2023 increased by 7.4 percent to Kes909.5 billion, the company’s Sustainable Business Report shows. The amount, which is roughly 15 times the Kes62.3 billion financial profit reported by the telco in the year under review is attributable to the value created for customers, agents and merchants, especially through the flagship cash transfer system, M-PESA, which soared by 17 percent compared with FY22. Impact through M-PESA According to the report titled ‘Pathway to a Purpose-Led Technology Company,’ in FY23, M-PESA generated societal value amounting to Kes325 billion, reflecting a year-on-year increase of 17.66 percent.

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In Brief
Newsroom

Sign language assistALL Mini App now on M-PESA App

Safaricom has partnered with Signs Media to host the assistALL mini-app, which provides on-demand sign language interpretation services, within the M-PESA App. The assistALL Mini App will empower Kenyans with hearing impairment, granting them equal access to opportunities that were previously hindered by communication barriers. It will help bridge the gap in sign language interpretation services across various sectors, including healthcare, judicial facilities, government services, finance, and transport, among others. “In a world that is increasingly reliant on digital services, this partnership is a milestone in our mission to make technology more accessible for everyone and contribute to a more inclusive society ~ Peter Ndegwa,

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Corporate
Newsroom

Safaricom and Britam unveil Sh25 daily plan for Bodabodas

For Kes25 per day, Boda Boda operators and other low-income earners in Kenya can cover medical bills arising out of personal accidents. The move follows a deal between Safaricom and Britam to introduce Kes25 per day data plan dubbed Data Plus, which offers a daily personal accident cover. The product has a graduated plan capped at Kes150 per day. Data Plus will see Safaricom customers secure personal accident covers for medical expenses, permanent disability, and funeral expenses arising from an accident. For Kes25 daily, a customer will get 100MB bundle with a daily insurance benefit of Kes15,000 for medical expenses. The deal also offers Kes50,000

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News
Newsroom

Kenyan banks and Safaricom sign Sh15 billion loan for a greener tomorrow

Telco giant Safaricom has successfully closed a historic Kes15 billion Sustainability Linked Loan (SLL) deal to bolster its Environmental, Social, and Governance (ESG) agenda. The financing plan involves consortium of four leading banks, including StanChart, Stanbic, ABSA, and KCB. This financing plan, which is expandable to Kes20 billion through an accordion mechanism, marks the largest ESG-linked loan facility ever undertaken in East Africa. It’s also a remarkable milestone as Safaricom’s first-ever SLL and the first Kenya Shilling-denominated SLL in the market. Safaricom’s commitment to sustainable business practices and its dedication to transforming the ESG landscape in Kenya have paved the way for this landmark financial…

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Gomoka Promotion
In Brief

Dickson Wandera wins second Sh1 million in Safaricom promotion

Dickson Wandera has secured the second Kes1 million grand prize in the ongoing Safaricom’s Gomoka na Go monthly promotion. Mr. Wandera, an executive driver, plans to open his own electrical products business with the money he has won. He will also use part of the funds to open a nail spa and salon for his wife as well as invest in his children’s future. Launched in June this year Gomoka na Go monthly offers customers data, minutes plan and the chance to win prizes including data bundles; instant M-PESA cash prizes ranging from Kes250 to Kes10,000 with a grand prize of Kes1,000,000 every month. “Such

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MPESA
CorporateNews

Safaricom eyes Kes1205 fees on half-a-million value transactions

Safaricom will charge about Kes1,205 to wealthy customers seeking to send half a million via their M-PESA mobile money wallets. The telco has announced it has received regulatory approval to increase its upper limit to Kes500,000 in tranches of its Kes150,000 that acts as the current upper limit. This means customers will have to make at least four transactions to get to half a million costing Kes1205. This is the second time the regulator is stretching M-PESA transaction limits bringing the telco ever closer to larger value transactions that will allow it to compete effectively almost as a lender. In May 2020, CBK gave Safaricom…

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Chapa Dimba
Sports
Jobic Ojanji

Chakol Queens, JOSS emerge Busia Chapa Dimba champions

Busia County Secondary Schools’ ladies and boys champions Chakol Queens from Teso South Sub County and John Osogo Secondary School (JOSS) from Bunyala, were on Saturday crowned Busia County ladies and boys Safaricom Chapa Dimba soccer champions respectively. Chakol Girls Secondary, which represented the county at the regionals of the secondary school games in Kakamega that ended recently were declared new champions in the fourth edition of the tournament after beating Kingandole Queens 4-1 in the finals played at Otimong Primary School ground. Chakol Queens, who were participating in the Western regional league, stunned their opponents with a first minute goal through Maximilla Apio, whose

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In Brief

Safaricom Ethiopia formalizes IFC stake deal

Safaricom Ethiopia is set to receive funds from the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group, following the closure of the transaction during a funding ceremony held at the telco’s headquarters in Addis Ababa, Ethiopia. The company will receive support in the form of full equity investment, a loan and guarantees. Financing will support the ongoing construction and operation of their greenfield telecommunications network to drive digital connectivity across Ethiopia. “The progress Safaricom Ethiopia has achieved in such a short period is nothing short of remarkable. With the highly anticipated launch of M-PESA, we are excited

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Chapa Dimba AI
BrandsSports
Otiato Guguyu

A football commercial that will usher Safaricom’s new AI age

Kenyans’ love for football can only be dwarfed by their tribal politics and when Shabana kicked back into the league you could feel the tremor that probably rouses politicians, and understand their obsession. Our money knows this too, innumerable football bets on our mobile wallets show Kenyans following the game to nondescript leagues across the world looking for fancy odds but learning the basics of football nonetheless. So when Safaricom brought back Chapa Dimba after a two-year hiatus, it almost felt like they were reconnecting with crowds bringing the game back to the centre of our focus, cultivating grassroots champions to national acclaim and, international

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