When Was Safaricom Founded In Kenya?
When Was Safaricom Founded In Kenya?
Safaricom was founded in Kenya in 1997. It was initially a department of Kenya Posts & Telecommunications Corporation (KP&TC), the former monopoly operator.
In 1993, Safaricom launched operations based on an analog ETACS network.
In 1996, it was upgraded to GSM and was awarded a license in 1999. In 2000, Safaricom was incorporated as a private limited liability company, and a 40% stake was acquired by Vodafone Group PLC.
In 2008, a public offering of 25% shares was made through the Nairobi Securities Exchange (NSE).
Today, Safaricom is the largest mobile network operator in Kenya with over 38 million subscribers. It is also one of the most profitable mobile operators in Africa.
Safaricom has been praised for its innovative products and services, such as M-Pesa, a mobile money transfer service that has revolutionized financial services in Kenya.
Here are some of the key achievements of Safaricom since its founding:
- In 2000, Safaricom launched M-Pesa, a mobile money transfer service that has revolutionized financial services in Kenya.
- In 2008, Safaricom became the first mobile operator in Africa to list on a stock exchange.
- In 2010, Safaricom was named the most innovative company in Africa by the World Economic Forum.
- In 2013, Safaricom was named the most valuable brand in Kenya by Brand Kenya.
- In 2016, Safaricom was named the fastest-growing mobile operator in Africa by the GSMA.
- In 2018, Safaricom was named the best mobile network operator in Africa by the Global Mobile Awards.
Safaricom is a leading player in the telecommunications industry in Kenya and Africa. It has been praised for its innovative products and services, its commitment to social responsibility, and its strong financial performance.
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