Aren’t you interested to know how the giant company safaricom is ripping from the services they are giving you? Well they have made tremendous income through the popular M-pesa.
While Bob collymore is hosting a conference of investors where the interim results of their financial performance for half year is announced, his twitter has revealed that safaricom through m-pesa has returned growth this year recording an increase of 49.9% compared to 0.9% last year.
Let’s have a look at how @SafaricomPLC performed for their half year #NaweKilaWakati pic.twitter.com/bd4i5kGLBE
— Solange Mbunde (@ianmbunde) November 2, 2018
.@sateeshkamath I am pleased to note that Lipa Na M-PESA revenues have returned to growth this year following the investment made last year, recording an increase of 49.9% YoY compared to 0.9% last year. #SafaricomHYResults #NaweKilaWakati pic.twitter.com/wqMofMYNNC
— Safaricom PLC (@SafaricomPLC) November 2, 2018
.@sateeshkamath M-PESA now accounts for 30.0% of service revenue, indicating the resilience in our business model vis a vis a traditional telco. #SafaricomHYResults #NaweKilaWakati
— Safaricom PLC (@SafaricomPLC) November 2, 2018
.@bobcollymore Service revenue grew 7.7% to KES 118.21 billion during H1, while net income increased by 20.2% to KES 31.5 billion, supported by the consumption of relevant products and services by our 29.94 million customers. #SafaricomHYResults #NaweKilaWakati pic.twitter.com/WxO0vCcDXh
— Safaricom PLC (@SafaricomPLC) November 2, 2018
A person decided to highlight that safaricom is currently big enough to be recognised as a bank as it currently offers all the services you get from a bank.
MPESA is clearly a bank but they’re not regulated like one.
– Money Deposit
– Money Transfer
– Account OverdraftSoon they’ll be doing direct lending to individuals & businesses.
When does goverment finally accept that they are a BANK. #SafaricomHYResults #NaweKilaWakati
— Michael Mburu (@MichaelMburu_) November 2, 2018
.@bobcollymore We acknowledge that we are indeed operating in a challenging business environment. But the challenges we face are far outweighed by the opportunities present for sustainable growth. #SafaricomHYResults #NaweKilaWakati pic.twitter.com/OYuFzXnopQ
— Safaricom PLC (@SafaricomPLC) November 2, 2018
With their fortunes safaricom is engaged in a lot of activities impacting the society like the opening of an Mpesa Academy
.@bobcollymore For this, we want to say thank you to our M-PESA customers, as every shilling spent on M-PESA a needy child gets education. #SafaricomHYResults #NaweKilaWakati pic.twitter.com/8O75tX4CVH
— Safaricom PLC (@SafaricomPLC) November 2, 2018
This has prompted celebrations in expectation of goodies from safaricom.
#SafaricomHYResults #NaweKilaWakati #JumiaBlackFridaysKE
Safaricom party.
10Gb @ 10 ksh for 10 minutes pic.twitter.com/xU5x6q4Bnh— Le Grande Mbanda (@LeGrand_mbanda) November 2, 2018
Kesho nakuja na some merchandise to give away courtesy of @SafaricomPLC kila mtu aseme anataka nini ????? #KOT5Aside #NaweKilaWakati
— aleckie ronald (@SirAlexas) November 2, 2018
Safaricom has also announced its partnership with western Union to enable their customers send money anywhere in the world through M-pesa.
Do you trust Ronald to give away merchandise tomorrow?