We provide comprehensive range of integrated telecommunication services, including mobile and fixed Voice, SMS, Data, Internet and Mobile money (M-PESA) to over 25 million subscribers and we currently command market share of 67% according to Communications Authority of Kenya (CA) June 2015 Sector Statistics reports. The Company also commands widest mobile network coverage enabling it to maintain its position as the region's mobile market leader.
Safaricom revolutionary mobile money transfer service M-PESA has over 22 million subscribers, supported by a nationwide agent network of over 90,000 agents who enhance the accessibility of the service to our customers.
Safaricom Limited was incorporated on 3 April 1997 under the Companies Act as a private limited liability company. It was converted into a public company with limited liability on 16 May 2002.
It was based on an analogue ETACS network and was upgraded to GSM in 1996 (licence awarded in 1999). By virtue of the 60% shareholding held by the Government of Kenya (GoK), Safaricom was a state corporation within the meaning of the State Corporations Act (Chapter 446) Laws of Kenya, which defines a state corporation to include a company incorporated under the Companies Act which is owned or controlled by the Government or a state corporation.
Until 20 December 2007, the GoK shares were held by Telkom Kenya Limited (“TKL”), which was a state corporation under the Act.