Safaricom Foundation Launches 2023-2026 Strategy

Safaricom CEO Peter Ndegwa at the launch of the company's 2023-2026 strategy. PHOTO| COURTESY
By Cecilia Mbuvi

Safaricom Foundation has launched the 2023-2026 strategy which will focus on community investment in education, health and economic empowerment on... Thursday at their Headquarters.

Titled ‘partnering to enhance equity', the new strategy will see the Foundation deepen its community engagement through partnerships that are aligned with Safaricom’s purpose of transforming lives.

As for the first time, the Foundation will also leverage funding from partners to create shared value for longer-term projects.

This follows the successful implementation of its 2018 to 2021 strategy that saw over four million people positively impacted through more than 2000 community projects.

In the new 2023 to 2026 strategy, the foundation will integrate ICT, sustainable philanthropy and humanitarian response as major execution components to ensure the delivery of long-lasting impactful projects and philanthropic investments to address communities’ urgent needs and immediate concerns.

“In this 2023 to 2026 Safaricom Foundation strategy, we will heavily leverage technology across the three pillars to improve efficiency and scaling impact. By 2026, we hope that the Safaricom Foundation will have proven that it is possible to impact the community through technological interventions,” said Peter Ndegwa, CEO Safaricom.

“Our strategy will rely a lot on partnerships, technology and community engagements by bringing on-board all stakeholders in our programs. That is why we have incorporated sustainable philanthropy as a key delivery component so that through such gainful partnerships, communities can continue thriving long after we have implemented our initiatives” said Joseph Ogutu, Chairman Safaricom Foundation.

Under its Education pillar, the foundation seeks to integrate digital skills to strengthen teacher and learner competencies and improve education outcomes.

The foundation will also increase access to TVET training for young people through establishing TVET centres of excellence and provision of scholarships, apprenticeships and tooling of graduates in readiness for the job market.

Technical and Vocational Education and Training centres have partnered with Safaricom to help improve the economy.

Chairman TVET Dr. Edwin Tarno says “the economic sector will be improved through the partnership with Safaricom. If the economic sector is improved, it will create job opportunities for the youth”.