Under the leadership of Dr. Peter Ndegwa, Safaricom has continued to deliver strong financial performance, with revenue reaching Kshs 113.8 billion in HY26, reflecting a 10.6% growth. This performance is driven by widespread adoption of its services and their relevance in day-to-day life across the country.
When M-PESA first launched, who could have predicted that it would become a cornerstone of Kenya’s economy, moving nearly 59 percent of the country’s GDP? That’s over 20 billion transactions processed in 2023 alone, a mind-boggling number that dwarfs even international giants like PayPal.
Under Ndegwa’s leadership, Safaricom has not only maintained its dominant market position in Kenya but also expanded its horizons into new territories.
Originating in Kenya, M-PESA has transcended its local origins to emerge as a global financial powerhouse, reshaping financial behaviours across countries such as Kenya, Tanzania, South Africa, Afghanistan, Lesotho, the Democratic Republic of Congo (DRC), Ghana, Mozambique, Egypt, Ethiopia, and beyond.
© 2025 All rights reserved, The Knowledge Warehouse Limited
Terms & Conditions Apply
