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Safaricom claims KES 601 bln contribution to economy in a year

Monday 5 August 2019 | 12:07 CET | News

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Kenyan operator Safaricom injected KES 601 billion into the Kenyan economy in the year ended March, making the telecom company one of the single-biggest contributors to the country's gross domestic product (GDP), reports Business Daily citing the firm's annual report. The economic contribution came in the form of jobs, value chain opportunities for other businesses, taxes and dividends to shareholders. Safaricom's capital expenditure, which stood at KES 37.2 billion in the period, also contributed to the economy through payments to suppliers and contractors.

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Categories: Mobile & Wireless
Companies: Safaricom
Countries: Kenya
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