T
Originally published by The Standard Business
📰 Read Full Article
July 30, 2026
2h ago

Inside Safaricom's multi-billion shilling bet on AI

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.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement