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Safaricom stake in Kenyan economy nears Sh1trn
From left: Alliance for Science Executive Director Dr Sheila Ochugboju, Safaricom CEO Peter Ndegwa and Board chairman Adil Khawaja during the launch of Safaricom's Sustainable Business Report on October 5, 2023.
Safaricom grew its contribution to the Kenyan economy by 25 percent to move closer to the Sh1 trillion mark in the financial year ended March 2023, coming in the year it sustained over one million jobs.
The company’s latest annual sustainability report says its value in the economy grew by Sh182.3 billion to hit Sh909.5 billion compared with Sh727.2 billion a year earlier.
