Safaricom
  • TABLE OF CONTENTS
      • Safaricom at a glance
      • Our Ethiopian operations at a glance
      • ESG overview: Ethiopia
      • Message from our Chairman
      • Message from our CEO
      • Our Accolades in FY23
      • Our Corporate Strategy
      • Our Purpose Strategy
      • Our ESG Targets
      • Our Business Model
      • Our Contribuition to the UN SDGs
      • FY23 in Review
      • True Value Assessment
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FY23 in Review

This section covers our most significant areas of progress and challenge during the 2023 financial year (FY23).
Any changes in performance have been stated using year-on-year comparison with FY22 performance.

OUR PEOPLE

⮟ 1%

49%

of our total workforce
are women

⮝ 5%

40%

women in senior management

STABLE

3.1%

persons with disabilities in workforce

⮟ 2%

83%

of staff engaged (SEMA survey)

⮝ 3%

84%

of staff confident about measures introduced to earn customer loyalty (SEMA survey)

STABLE

77%

of staff believe in effectiveness of measures introduced to promote collaboration (SEMA survey)

⮝ 24 in FY22

33

staff dismissed for fraud

⮟ 2 in FY22

0

third party fatalities

⮟ 2M in FY22

2.4m

lives impacted through our Foundations

OUR CUSTOMERS

⮝ 0.9%

33.11

CONSUMER CUSTOMERS (MILLION)

⮝ 93%

695k

Enterprise customers

⮝ 3.4%

26.07

Mobile data customers (million)

⮝ 5.2%

32.11

M-PESA customers (million)

⮝ 14.2%

1.6

Farmers signed up to DigiFarm (million)

⮝ 42.7%

167k

Active farmers on DigiFarm

⮝ 39.6%

701.5

KSh Value of Fuliza disbursements (billion)

STABLE

80

Brand Consideration

⮟ 1pts

78

Network NPS

ENVIRONMENT

⮟ 5.9%

38 740.2

tCO2e (Scope 1 and 2 GHG emissions)

⮝ 2.5%

17039.4

tCO2e (Scope 3 GHG emissions)

⮝ 23.8%

88795

Collected, recycled and reused (tonnes)

⮝ FY22: 310

1432

Clean power sites using solar & hybrid

⮝ 8.1%

1758

Tonnes of e-waste collected & recycled to date

⮟ 9.9%

52559

Cubic metres (m3) (Water consumption)

ECONOMIC

⮝ 2.1%

1159309

Jobs sustained through wider economic impact

⮝ Y22:12.2x*

14.6x

Impact on society: Profit generated (excl. minority interest)

⮟ 0.15%

5.1%

GDP contribution

⮝ 1.53%

63.5%

procurement spend to local suppliers (Total spend KSh 64 808)

⮝ 2.81%

5.81%

Procurement spend on women owned businesses

⮝ 21.4%

35.86

KSh trillion (M-PESA transactions value)

FINANCIAL

⮟ 6.2%

139.9

EBITDA
(KSh billion)

⮝ 5.2%

295.7

Service revenue
(KSh billion)

⮝ 11.4%

53.95

Mobile data revenue
(KSh billion)

⮟ 10.6%

62.3

Net income excl. minority interest
(KSh billion)

⮟ 2.6%

81.05

Voice revenue
(KSh billion)

⮝ 4.6%

11.4

Messaging revenue
(KSh billion)

⮝ 8.8%

117.2

M-PESA revenue
(KSh billion)

⮟ 62.5%

23.85

Free cash flow
(KSh billion)

⮝ 6.3%

132.6

Taxes, duties & licence fees paid by Safaricom
(KSh billion)

INFRASTRUCTURE

⮝ 28.7%

14 000

Cumulative fibre optic footprint
(kilometres)

⮝ 42.8%

275 657

Residential homes connected to fibre optic network

⮝ 30.2%

6 260

Fibre ready buildings

⮝ 21.2%

20 602

Businesses connected to fibre optic network

⮝ 10%

20.3

Smartphones in our network (million)

FY23

90 147

across 20 locations
People who benefited from Universal Service Fund activity (Phase 2)

STABLE

97%

Kenyan population covered by 2G

STABLE

97%

Kenyan population
covered by 3G

STABLE

97%

Kenyan population covered by 4G

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PREVIOUS REPORTS     |    ANNUAL REPORTS

SAFARICOM HOUSE | Waiyaki Way, Westlands PO Box 66872, 0800 Nairobi

Tel: +254 722 00 4524/4260 | www.safaricom.co.ke

Please share any comments, queries or suggestions you have with the reporting team by emailing sustainability@safaricom.co.ke

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