Safaricom ranked 19th in Fortune's 'Change the World' list

david nganga

August 24, 2018 2:23 AM

Safaricom is the second firm in the telecommunications industry to feature among the top 50 list.

Kenyan telco giant, Safaricom, has been ranked 19th globally in the 2018 Fortune Change the World list, a ranking of the top companies that make a positive social impact as part of their core business strategy.

Fortune selected the mobile network operator noting that it has used its M-Pesa platform to impact millions of people’s lives.

The magazine said the mobile money transfer service launched in 2007 now claims more than 30 million customers in 10 countries, mostly in remote areas far from banks.

“More than eight million of those users are in India, where state governments are employing Mpesa to pay pensions to rural retires, eliminating the delays and crime risks that come with shipping cash,” Fortune said.

26 million customers

In Kenya alone, M-Pesa has over 26 million customers using the service to send and receive money, pay bills on different platforms and also giving the users the platform to save and borrow micro-loans on Mshwari.

It is now ahead of global giants such as Apple, Microsoft, Barclays, Siemens, Deloitte, and Toyota.

david nganga