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Safaricom is lobbying for its fiber optic network to be designated as critical infrastructure under Kenya’s 2024 bill, aiming to save 500 million shillings annually by reducing damages and service disruptions.
This comes as Safaricom confronts an increasingly competitive environment in its home market, where it has historically maintained a stronghold.
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
The collaboration is set to accelerate the growth of digital payments, reinforcing Safaricom’s leadership in financial innovation across the region.
Ndegwa launches Safaricom's Sh1 airtime purchase option via M-Pesa, aiming to attract low-budget consumers and drive revenue growth.
Ndegwa, a seasoned executive with nearly three decades of experience has played a pivotal role in Safaricom’s recent success.
The Ethiopian unit will have its own CEO, senior executives and management team.
The money is part of a $139.25-million payment for installing security and surveillance systems.