Safaricom Announces “Big Four” Support

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Safaricom Announces “Big Four” Support

Special Correspondent - April 24, 2018

Safaricom (NSE: SCOM) has said its products are supporting the Big Four agenda by providing tools that power the ‘Ease of Doing Government Business.’ Government...

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Binance (www.Binance.com), the leading global blockchain ecosystem and cryptocurrency infrastructure provider, and Africell, a major African mobile network operator have announced their intent to collaborate on blockchain education, crypto literacy, and digital asset services across in Africa. Key areas of the proposed collaboration include: Crypto-as-a-Service: Exploration of crypto payment technologies, including Binance Link (https://apo-opa.co/4kGtEbr), to enable crypto payments and digital services through Africell platforms. Education Initiatives: Co-branded courses and workshops on Binance Academy to boost crypto knowledge across Africa. Joint User Offers: Exploration of joint promotional offers for users, which will be funded through Binances’s CPA (Cost Per Acquisition) revenue-sharing model. p2p Enhancements: Integration with Binance P2P (https://apo-opa.co/3OOKRDG) to improve speed, security, and convenience for peer-to-peer crypto transactions. Jack Wong, Business Development at Binance, commented: “Binance and Africell share a commitment to empowering African communities with education, infrastructure and practical tools to participate confidently in the digital economy. By combining global expertise with local reach, we aim to support responsible adoption of blockchain and crypto solutions and create real value for communities.” From Africell’s perspective, the partnership helps to expand its digital services offering. Africell’s Head of Business Development, Nidal Safetli, says: “Partnering with Binance allows us to bring global blockchain expertise into our local ecosystem. Together we aim to equip communities with the knowledge, technical skills and tools to participate confidently in the digital financial economy.” Further details on the potential joint programmes are expected to be announced in the coming months and could potentially be expanded to the wider Lintel group of companies.

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The lender’s balance sheet also strengthened, with net loans and advances growing by 14 percent to Sh105.9 billion, supported by a 19.9 percent rise in customer deposits to Sh151.88 billion. “The year 2025 marked a pivotal start of our five-year strategic plan which is anchored on compelling customer propositions & digital transformation. We continued to invest in digital capabilities and optimization of our distribution network to enhance customer experience and improve our product offering, positioning the Bank for sustainable growth,” said Family Bank CEO Nancy Njau. “Our continued investments in our employees through capacity building and enabling work environment greatly contributed to the good performance. Partnerships with Development Finance Institutions strengthened our capacity to lend to key sectors such as SMEs, agribusiness and manufacturing, contributing to the expansion of our loan book,” she said

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“This performance demonstrates the impact of the strategic efficiency measures we implemented across the business, which have enabled significant cost savings. Maintaining these efficiency levels will remain a priority going forward,” said acting Chief Executive Officer Dominic Murage. “Small and Medium Enterprises (SMEs) remain central to our business model and portfolio, and we intend to deepen our support for them. Additionally, as a government-owned institution, we are uniquely positioned to support public sector financing needs. We aim to strengthen our collaboration with government agencies, parastatals, universities and ministries to position Consolidated Bank as the preferred banking partner for the public sector,” he added. The bank’s total assets grew by 11 percent to Sh19.5 billion from Sh17.5 billion in 2024, driven largely by a 29 percent increase in investments in government securities to Sh8.2 billion from Sh6.4 billion.

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Tag: Safaricom supports

Safaricom Announces “Big Four” Support

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Family Bank profit after tax jump 55.4pc to Sh5.38bn

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