Safaricom to invest millions in upgrading network
Kenyan mobile service provider Safaricom announced that it will be investing a further Sh25 billion into the Kenyan mobile service market, which will pave the way for expansion in this financial year.
During Safaricom’s Annual General Meeting, Chairman Nicholas Ng’ang’a revealed that the majority (around 80%) of the investment will be ploughed into the improvement and expansion of its network, while the other funds will be allocated to a programme to modernise the equipment used by Safaricom.
“We have already taken measures to reduce congestion on the network and we are also working on our spectrum optimisation, during this financial year. We also aim at creating a delightful experience for customers by offering services tailored to suit the dynamic market needs in Kenya,” Ng’ang’a said.
But the large investment for the improvement of Safaricom’s network has been the first this year, and Safaricom’s Chief Executive Officer Bob Collymore said that Safaricom has already committed to investing roughly Sh100 billion in various aspects of the business in the last four years.
He claims that it is through these investments that Safaricom has been able to maintain their top position as a mobile service provider in Kenya.
According to Capital FM, “Ng’ang’a told shareholders that the telecommunication firm will also devote its resources on innovation, with the aim of ensuring that Safaricom maintains its lead in the local telecommunications market.”
Charlie Fripp – Consumer Tech editor