It's the charitable arm of Safaricom Limited founded in 2003.
We provide opportunities for personal empowerment and career growth in an atmosphere of trust, honesty and openness.Ĭan you tell us more about the Safaricom Foundation? We provide a great place to work and grow, where both individual accomplishments and team effort are rewarded. Getting the right people is vital in any business so how do you make sure you employ the best staff? Keeping up with the regulatory changes which treat us like a monopoly due to our high share of market anddisruptive pricing wars from our competitors which has eroded the value especially for voice calls. What are the biggest challenges Safaricom has faced? We focus on transforming lives and offering products and services that make a difference to the lives of our customers, these products and services have in turn made us very successful. What would you say is Safaricom's unique selling point? There are several reasons: extensive network coverage, low denomination vouchers targeting the mass market, per second billing, robust and extensive distribution network, affordable prices and innovation. Can you tell us how you got to that incredible position? Your position in the market is a strong one – 66 percent market share. We also benefit from economies of scale enjoyed by Vodafone group of companies. Through the partnership with Vodafone we have access to best in class processes, practices and technology. How is that ownership structure advantageous? Following the offer and sale of 25 percent of the issued shares in Safaricom held by the GoK to the public in March 2008, the GoK ceased to have a controlling interest in Safaricom. Until 20 December 2007, the GoK shares were held by Telkom Kenya Limited ("TKL"), which was a state corporation. By virtue of the 60 percent shareholding held by the Government of Kenya (GoK), Safaricom was a state corporation. Vodafone plc held 40 percent of the company's share.
Safaricom Limited was officially launched in October 2000 and was converted into a public company with limited liability. Safaricom started off as a department of Kenya Posts & Telecommunications Corporation, the former monopoly operator, which was a government parastatal. Give me a brief introduction to Safaricom? Safaricom CEO Bob Collymore tells us more. It is also expanding into financial services to aid financial inclusion and when you're already the biggest mobile network operator in Kenya, there's only one way to grow: outwards. Safaricom is one of the leading integrated communications companies in Africa with over 17 million subscribers, as well as sponsoring concerts, sporting events and not to mention the Safaricom Foundation which is ten years old this year.
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