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Originally published by The Standard BusinessJuly 30, 2026
1mo ago
Inside Safaricom's multi-billion shilling bet on AI

As Safaricom embarks on its next phase under a new shareholding structure, it is investing billions of shillings to embed artificial intelligence into its products and services...
✨ Key Highlights
Safaricom PLC is making a significant multi-billion shilling investment in artificial intelligence (AI) to integrate it into its products and services, aiming to become Africa's leading AI-driven technology service provider by 2030.
- Safaricom invested Sh55 billion in capital expenditure in Kenya in the last financial year, with Sh16.4 billion allocated to IT expenditure.
- Key figures driving this strategy include CEO Peter Ndegwa and Chief Consumer Business Officer Fawzia Ali-Kimanthi.
- The investment is focused on areas like financial services (M-Pesa Super App), healthcare, content streaming (Baze), agriculture, and government payments, with the goal of diversifying revenue streams beyond traditional telecommunications.
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