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Safaricom Hits Sh1.21 Trillion GDP Impact

254 by 254
May 12, 2025
in World, Africa, Lifestyle
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Safaricom has solidified its position as the leading corporate in East and Central Africa, contributing over 8% (Sh1.21 trillion) to Kenya’s GDP annually. This growth is driven by strong performance in M-Pesa, which processed transactions worth Sh38.3 trillion in the year ending March 2025.

The company posted Sh388.7 billion in revenue—a regional record—marking an 11.2% growth, with net income rising by 10.8% to Sh69.8 billion. Shareholders will receive a total dividend of Sh48.08 billion. Safaricom continues expanding in Ethiopia, where it now has 8.8 million customers and contributed nearly 10% to group revenue.

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With a GSM market share of 66% in Kenya and a robust 4G/5G network, Safaricom supports over 1.2 million jobs and maintains a nationwide presence. The company’s community investments have impacted over 13 million lives, and it is advancing financial inclusion, education, health, and environmental sustainability.

M-Pesa remains a central pillar, now powering wealth management through the Ziidi Money Market Fund, which has grown to Sh7.5 billion in assets. Meanwhile, Safaricom aims to become Africa’s top purpose-driven tech company by 2030, with continued investment and innovation across Kenya and Ethiopia.

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