Safaricom’s M-Pesa social value has increased by 14 per cent to Sh275 billion, helping millions of Kenyans access crucial services such as M-Pesa and e-commerce, among others.
In the telecom’s 2022 financial year Sustainable Business Report the company said social efforts have helped thousands of communities countrywide.
“The greatest value continues to be felt by customers, who benefit from their improved ability to manage and save money together with lower transaction costs and reduced levels of theft, and the wellbeing that comes with access to goods, services and opportunities, and increased safety as well as security. We aim to further transform lives by improving the wellbeing of our customers, agents, and merchants as the M-PESA service evolves over time,” the report said.
Since 2015, Safaricom has used the True Value methodology to quantify its positive and negative impact on society, the environment, and the economy in monetary terms.
“As you will see in the report, Safaricom demonstrated resilience in living true to our commitment to being a sustainable purpose-driven business which has delivered consistent returns to shareholders. Our business continues to contribute towards successfully improving the quality of life for Kenyans across the country by delivering a wide range of products, services and initiatives that support businesses and communities,” Safaricom CEO Peter Ndegwa.
Titled ‘Partnering for Growth: Transforming Lives, the report covered the company’s last financial year from April 1, 2021, to March 31, 2022.
Read also; Safaricom To Restructure Into a New Holding Company.
