Corporate

How Safaricom Spent Ksh.153 Billion in Local Market

The telco said the effort mirrors its commitment to inclusive growth and ensuring equitable access to business opportunities.

Safaricom says it spent Ksh.153 billion on local suppliers during the financial year ending March 2025.

In its 2025 Sustainable Business Report, the telco revealed that 84 percent of its suppliers were locally based. It also disclosed that Special Interest Groups—including women, youth, and persons with disabilities, received 10.8 percent of the total procurement spend, amounting to Ksh.3.2 billion.

The telco said the effort mirrors its commitment to inclusive growth and ensuring equitable access to business opportunities.

“Our commitment to responsible business is anchored in sustainability and inclusion,” said Safaricom CEO Peter Ndegwa.

“We continue to embed Environmental, Social, and Governance principles across all operations to drive equitable growth.”

Also Read: Safaricom Loses Case to Kenyan in Protracted Bonga Points Battle

Safaricom’s procurement efforts had a significant multiplier effect on the economy, supporting more than 1.3 million direct and indirect jobs through its supplier network, capital investments, and M-PESA agent ecosystem.

Karen Basiye, Director of Sustainable Business and Social Impact, said local sourcing is a key pillar of the company’s sustainability agenda.

“Local sourcing is not just about procurement; it’s about building Kenya’s capacity for innovation and economic independence,” she said. “Our supplier relationships are guided by transparency, accountability, and mutual growth.”

According to Safaricom, the shift toward local procurement is a strategic effort to strengthen domestic value chains and support small and medium-sized enterprises (SMEs).

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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