Kenya earned KSh 134.95 million more from ICT exports, from KSh 177.5 million in February 2025 to KSh 312 million in March 2025, according to the Kenya National Bureau of Statistics (KNBS) Latest Economic Indicators.
- •The country earnings from ICT exports are on the recovery path after a sharp dip from KSh 548.92 million in December 2025 to KSh 144.18 million in January.
- •Exports in parts and accessories, Office machines, automatic data processing machines, reception apparatus for radio broadcasting, telecommunication equipment grew during the period under review.
During the same period, the value of ICT imports increased by 9.7% to Ksh4.6 billion.
The growth in exports was driven by a more than 15 fold expansion in exports or parts and accessories, from KSh 1.4 million in February 2025 to KSh 21.4 million in March 2025, and a similar exponential growth in exports of automatic data processing machines, storage units, and office machines.
The bulk of Kenya’s ICT imports is still telecommunications equipment, whose value rose to 2.436 billion in March from 2.045 billion the previous month.
Mobile Money
The number of active mobile money agents increased from 394,853 in February 2025 to 410,115 in March 2025, while mobile money subscriptions rose from 84.56 million to 85 million. During the same period, the total number of transactions grew from 267.9 million to 311.4 million, and the total value of transactions increased from KSh 636.2 billion to KSh 710.7 billion.
In December 2023 when the value of mobile money transaction hit KSh 788 billion, the highest in 2 years, the number of transactions was at 213 million. The contrast with more transactions in March 2025 implies that more people are making transactions of lower value.
According to Central Bank of Kenya (CBK) data, the number of mobile money subscriptions has been growing by nearly one million every month since October last year. Between October 2024 to March 2025, the number has grown from 80.82 million to 85 million.
Quarter two of the 2024/25 Financial Year puts Safaricom ahead of Airtel and Telkom Kenya in mobile money market share with its M-pesa product enjoying a staggering 91% share compared to 8.9%.
M-PESA contributed 60% of Safaricom’s KSh 388.7 billion revenue for the financial year ending 31st March 2025, and now accounts for 44% of Safaricom’s revenue in Kenya, growing 15% year-on-year.
