Safaricom's asset
Safaricom

@safaricom.co.ke

Safaricom is a mobile network operator that offers internet connectivity, information management, voice, and communication solutions.

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About

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Safaricom Limited is a leading telecommunications company based in Kenya. It was founded in 1997 as a fully owned subsidiary of Telkom Kenya, but in 2004 the Kenyan government sold its 60% stake to the South African telecommunications company, Vodacom. Today, Safaricom is majority-owned by Vodacom (which owns a 35% stake) with the Kenyan government holding a 35% stake as well.


The headquarters of Safaricom is located in Nairobi, Kenya. The impressive Safaricom House in Westlands serves as the main operational center for the company. Additionally, Safaricom operates several regional offices throughout the country.


Safaricom offers a wide range of products and services. Its primary offering is mobile telephony and data services. Through its extensive mobile network infrastructure, Safaricom provides voice, messaging, and data services to millions of customers across Kenya.


The company also offers mobile money transfer services through its popular platform, M-Pesa, which allows users to send and receive money, make bill payments, and access other financial services. On a global scale, Safaricom does not have any noteworthy subsidiaries or joint ventures outside of Kenya. However, it has formed strategic partnerships with various international companies and organizations.


For example, Safaricom has collaborated with technology giants like Google, PayPal, and VISA to expand its mobile money and digital payment services. With nearly 35 million subscribers, Safaricom holds a significant market position in Kenya. It is the largest telecommunications provider in the country, accounting for approximately 65% market share.


Safaricom's dominance is largely due to its pioneering products and services such as M-Pesa, which revolutionized mobile money transfers in Kenya. Over the years, Safaricom has achieved numerous milestones and accolades. In 2018, the company recorded revenues of KES 240.


3 billion (US$2. 4 billion), marking a 5% increase from the previous year. Safaricom has consistently been recognized as one of Kenya's top brands and has received numerous awards for innovation, customer service, and corporate social responsibility.


As of the latest update, Safaricom continues to be a dominant player in the Kenyan telecommunications market. The company is focused on expanding its network coverage and investing in new technologies to enhance its service offerings. Safaricom is also venturing into new areas such as e-commerce and digital content to diversify its revenue streams and capitalize on the growing digital economy in Kenya

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1997

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