Safaricom to earn 13pc interest from Sh20 daily handset loans

Safaricom Chief Executive Officer Peter Ndegwa. FILE PHOTO | NMG

Safaricom will earn up to 13.27 percent annual interest from the sale 4G-enabled phones in Sh20 daily installments as it seeks to increase smart phone usage on its network.

The telco in partnership with Google seeks to offer one million affordable smartphones, with customers paying installments over a nine-month period, with the ultimate aim of switching about 4 million 2G and 3G phones to 4G.

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