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.