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Safaricom eyes regional growth as it hits 20 years

Safaricom CEO Peter Ndegwa (centre) cuts a cake flanked by rib-cracker Daniel  Ndambuki (right) and MC Abel during the telco’s 20-year celebration at the Nairobi Serena Hotel.

Photo credit: Diana Ngila | Nation Media Group

What you need to know:

  • Company says small firms, which are economic development engines, should be assisted.
  • The giant telco will target small and micro enterprises, which are the engines of economic growth in the country.

Safaricom is seeking to transform itself into a technology company in five years while offering new financial solutions to small businesses and farmers.

Chief executive Peter Ndegwa said yesterday the giant telco will target small and micro enterprises, which are the engines of economic growth in the country, by offering additional financial services and connectivity solutions.