Kiosk economy: How small traders fuelled Safaricom's Sh100b profit

Safaricom’s record Sh99.7 billion profit was driven largely by Kenya’s informal “kiosk economy”, with millions of small traders using M-Pesa till numbers and digital lending services...

✨ Key Highlights

Small traders utilizing M-Pesa till numbers have significantly contributed to Safaricom's record Sh99.7 billion profit.

Over Sh1.2 trillion flowed through these small merchant accounts in six months.
The primary organization involved is Safaricom, driven by its M-Pesa service.
This phenomenon highlights how numerous small, everyday transactions can build substantial profits for the telecommunications giant.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

sports17h ago

Safaricom launches fifth Chapa Dimba season with Sweden opportunity

Safaricom has officially launched the fifth season of its youth football tournament, Chapa Dimba, this year offering unprecedented international exposure and educational opportunities for young Kenyan players. Registration is now open across the country for both boys' and girls' teams.

Standard Sports

📰 Read Full Story

business1d ago

Fuliza loans jump 49pc to Sh1.47tn

Safaricom's Fuliza overdraft facility saw a significant surge in usage, with disbursements climbing 49 percent to Sh1.47 trillion in the financial year ending March 2026, indicating a growing reliance on mobile credit in Kenya.

Capital Business

📰 Read Full Story