Safaricom Secures Record-breaking Funding of Ksh 812,400,000 for Sustainable Growth and Community Development

Safaricom, Kenya’s leading provider of converged communication solutions, is excited to announce that it has successfully raised Ksh 812,400,000 in its latest funding round. This significant amount underscores the confidence investors have in Safaricom’s robust business model and vision for the future. This funding will be directed towards expanding its innovative telecommunications services and driving community projects across the country, further enhancing the welfare of Kenyans. With over 29 million subscribers and an impressive 67% market share, Safaricom not only leads the mobile communication sector but also fosters socio-economic empowerment through its financial service platform, M-PESA. This platform has revolutionized mobile payments in Kenya, boasting over 23 million subscribers and a vast network of 156,000 agents nationwide. The newly acquired funds will be vital in scaling our existing services and introducing new technology-driven solutions aimed at elevating customer experiences and ensuring service accessibility, especially in underserved regions. Additionally, Safaricom remains committed to its role as a responsible corporate citizen, with the Safaricom Foundation continuing to disburse funds for sustainable community initiatives that align with Kenya’s development goals. This funding round will enhance our capacity to innovate and give back, while also empowering our dedicated workforce—which includes a remarkable 50% female representation—showcasing our commitment to diversity and inclusion. As a proud member of the B Team, Safaricom is dedicated to advancing responsible business practices, ensuring our growth aligns with long-term societal benefits. With these investments, we are poised to impact more lives positively and lead the way in transformative connectivity solutions for Kenya.