Safaricom pumps Sh153bn into local suppliers
NAIROBI, Kenya, Oct 7 - Safaricom has revealed it spent Sh153 billion on local suppliers in the financial year ended March 2025, in what the telco says Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
- 84 percent of Safaricom's suppliers are locally based, with 10.8 percent (Sh3.2 billion) of procurement spend directed towards women, youth, and persons with disabilities.
- Safaricom CEO Peter Ndegwa emphasized the company's commitment to responsible business anchored in sustainability and inclusion.
- This initiative supported over 1.3 million direct and indirect jobs and aims to strengthen domestic value chains and support SMEs.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
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.
Kenya's news, briefed daily
Daily Briefs with audio, your topics, and breaking stories.
Related News
Take Kenya's news with you
Breaking stories, daily briefs, and the topics you follow - on your phone, free.
