Safaricom Invests Sh153bn in Local Suppliers as Kenya Power Profits Decline - October 2025

Safaricom has invested Sh153 billion in local suppliers during the financial year ending March 2025, highlighting its commitment to sustainable sourcing. In contrast, Kenya Power reported a significant decline in its net profit for the year ended June 2025, falling by Sh5.6 billion to Sh24.5 billion. This 18.7% dip in net profit is attributed to the absence of significant one-off forex gains seen in the previous year and lower electricity revenue. Despite this decline, the company's profit remains substantially higher than pre-2024 levels. Notably, Kenya Power's Shareholders' Equity crossed the KSh 100 billion mark for the first time.

News Coverage

Tuesday 4:28 PMCapital Business

Safaricom pumps Sh153bn into local suppliers

Safaricom invested Sh153 billion in local suppliers during the financial year ending March 2025, highlighting its commitment to sustainable sourcing and economic empowerment in Kenya.

Read Story