Celebrating a Quarter-Century of Strategic Alliance and Visionary Collaboration with Banking Pioneers – Safaricom
Safaricom PLC, a leading telecommunications company in Kenya, recently celebrated its 25th anniversary with a gathering of visionary CEOs and banking leaders. The event, organised by Safaricom PLC, highlighted the company's future vision for the continent, emphasising the role of technology in fostering inclusive growth and the importance of collaborations for its growth.
The focus of the event was on the future of mobile money, a technology that has played a significant role in transforming lives over the past 25 years. Safaricom PLC's vision for Africa by 2030 is to become Africa's leading purpose-led technology company, harnessing innovation for social good to shape a digital future across the continent, particularly in Kenya and Ethiopia.
M-PESA, Safaricom's mobile money service, has been a cornerstone of this vision. It contributes centrally to Safaricom's goal by evolving into a comprehensive digital financial ecosystem that promotes financial inclusion, supports economic empowerment, and facilitates Kenya's and Ethiopia’s digital transformation.
By 2030, Safaricom aims to leverage technology for social good, focusing on six strategic priorities that include expanding connectivity and digital financial services. M-PESA delivers double-digit revenue growth, increased usage, and customer base expansion, making mobile money a cornerstone of Safaricom’s digital ecosystem.
The event underscored the importance of collaborations for Safaricom's growth. The company intends to achieve its goal by building on its long-standing partnerships within the financial sector. Safaricom's strategy is reflected in its growing customer base (over 50 million), network expansions (4G, 5G), and commitment to accessibility and empowerment through products, services, and community initiatives via Safaricom and M-PESA Foundations.
The economic impact of these efforts is significant. Safaricom's contributions to Kenya’s economy and job creation, fueled in part by digital financial services, were emphasised during the event. The day was marked by bold conversations, reiterating the company's ambitious goal and the role of collaborations in driving its growth.
The event also marked 25 years of partnership and collaboration for Safaricom PLC. It was a celebration of the company's quarter-century milestone and a reinforcement of its future vision for the continent. The gathering was a testament to Safaricom's commitment to creating connections that power progress and transform lives.
References:
- Safaricom's Vision 2030
- Safaricom's Impact on Kenya's Economy
- M-PESA's Role in Safaricom's Growth
- Safaricom's Strategic Priorities
- Safaricom's Social and Economic Development Initiatives
