Safaricom halves suppliers as spending breaches Sh100bn

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Safaricom CEO Peter Ndegwa during an interview on October 5, 2023 at Michael Joseph Centre, Nairobi. PHOTO | BILLY OGADA | NMG

Safaricom more than halved the number of suppliers in the six years to March this year despite the total procurement spending on local and foreign businesses crossing the Sh100 billion mark.

The telco has disclosed in the latest sustainability report that it closed March with 720 suppliers, marking the sixth straight month of reduced number of businesses trading with Kenya’s most profitable company.

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Note: The results are not exact but very close to the actual.