Safaricom cleared to invest in startups

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Safaricom PLC CEO Peter Ndegwa. FILE PHOTO | DIANA NGILA | NMG

Safaricom shareholders have approved the telco’s proposal to invest in new and growing startups in the technology space through two new subsidiaries that it will create.

Safaricom, in a statement, said the approval was obtained during its 15th annual general meeting (AGM) held on Friday, noting that the development will represent the telco with the opportunity to fortify its role as a key enabler of the country’s tech community.

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