Safaricom to Forgo $51.5 Million Over Covid-19 Support: TV


(Bloomberg) -- Measures taken by Safaricom Plc to support its customers through the economic fallout of the coronavirus pandemic will cost the Kenyan telecommunications firm 5.5 billion shillings ($51.5 million) over three months, its Chief Executive Officer Peter Ndegwa said in an interview with Citizen TV.

The company has waived fees on mobile-money-transfer transactions for amounts of 1,000 shillings and below.

“The key is to support our customers to get through this crisis,” Ndegwa said.

Safaricom Fixed Data Use Jumps 70% as Customers Work From Home

©2020 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.