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.
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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.
