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Safaricom CEO Peter Ndegwa said M-Pesa processes about Sh103.2 billion daily through more than 500 million transactions across seven markets, following installation of infrastructure capable of 10,000 transactions per second. He spoke in Nairobi at the Connected Africa Summit.
The TechCo will deploy multiple Connectivity on Wheels (COWs), to strengthen network coverage and boost internet capacity across rally zones. The company will also optimize its 5G network in key locations to support high-speed data demands, including global livestreaming and digital content distribution.
Group CEO Peter Ndegwa announced on Thursday that Safaricom’s net income jumped 52.1% to Sh42.8 billion in the first half of the year, while service revenue climbed 11.1% to nearly Sh200 billion.
Since he took over the leadership of Safaricom in 2020, Ndegwa has championed a new leadership model that prioritizes people and purpose, redefining how the company operates, what it stands for, and who it serves.
In an interview on Cleaning The Airwaves, Ndegwa opened up about the values and lessons that have guided his rise from an auditor at PricewaterhouseCoopers (PwC) to the helm of Kenya’s largest telecommunications company.
Speaking on Cleaning the Airwaves (CTA) podcast, Ndegwa emphasised humility, trust, and succession as the cornerstones of sustainable leadership in Kenya.
Speaking during an interview on Cleaning The Airwaves (CTA), Ndegwa shared insights from his leadership journey spanning three decades and in multiple continents, from East African Breweries Limited (EABL) to Diageo and now Safaricom.
CEO Peter Ndegwa said Safaricom was shocked by remarks made by former Public Service Cabinet Secretary Justin Muturi, who had accused the company of aiding security agencies in tracing and abducting citizens.
CEO Peter Ndegwa said the company’s role is focused on creating a smooth digital registration and service experience for Kenyans.
According to data from Safaricom, the total number of active Fuliza users reached 7.9 million.
The company’s voice revenue rose by 1.6%, with more customers spending time on calls and overall usage per user going up.
The total payout includes a final dividend of 65 cents per ordinary share.