Tag: Peter Ndegwa


Back to Double Digit Growth, Safaricom Half Year Profit Hits Sh34.bn

Safaricom half year profit strong performance comes on the backdrop of a price reduction in Kenya business allowing customers to do more for less.

3 Ways Safaricom Hook Seeks To Transform Lives Of Young Kenyans

Safaricom today launched Safaricom Hook, a new platform that seeks to empower the youth by leveraging the power of technology.

Safaricom Secures Region’s Biggest Sustainability Loan With 4 Kenyan Banks

Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda.

Safaricom Shareholders Sh48 Billion Richer After Dividend Payout

Safaricom shareholders have approved a final dividend of Ksh0.62 per ordinary share with the dividend payout amounting to Ksh24.84 billion.

Safaricom Establishes Two New Companies To Invest In Tech Startups

Safaricom shareholders have approved two new subsidiaries, one dedicated to investing in seed-stage and another in growth-stage start-ups.

Safaricom Ethiopia First CEO Anwar Soussa Pushed Out

Safaricom is back to the drawing board to find a substantive leader for its Ethiopian subsidiary after it emerged the current CEO, Mr Anwar Soussa, will be exiting at the end of July this year.

Peter Ndegwa: Why Safaricom Shares Fell to Record Low

From an all-time high of Ksh44.95 per share in mid-2021, the stock has been on a steady downward spiral and touched Ksh13.00 per share on May 15.

Safaricom Net Profit Falls to Ksh52.5 Billion

"This year, we all experienced tough headwinds, including high inflation, a depreciating shilling, severe drought, and failed rain seasons among others," noted Safaricom CEO Peter Ndegwa, alluding to the larger macro-economic downturn in Kenya.

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