Safaricom holds its first Fintech Innovation Week

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Safaricom on Tuesday, March 15, 2022, held its first Fintech Innovation Week which will focus on how the organization can co-create the future in technology as well deepen customer experience.

Speaking during an event held in Nairobi at the Ministry of Information, Communications and Technology Cabinet Secretary Joe Mucheru said that over many years Kenya has continued to be innovative in terms of technology.

“Safaricom has recorded more than 30 million users in its platform through the many changes that have been made in the ICT sector,” said Mucheru.

He stated that Fintech has continued to evolve and added that through the said platform many companies both internally and globally have continued to grow.

Safaricom holds its first Fintech Innovation Week

“Connectivity to various businesses is a key factor for socio-economic transformation of Kenya’s economy,” said Mucheru.

The CS mentioned that the government has embraced technology by implementing policies that will create an enabling environment for innovation.

“The Ministry has created a digital economic blueprint which provides a clear roadmap to support the country’s digital transformation,” he added.

He further said that the government is more focused to be a digital-driven economy through the implementation of innovative programs.

“The Ministry has set up a Digital Literacy Program which has continued to provide technology in school so as to provide knowledge to learners,” stated Mucheru.

The CS assured all stakeholders that the government will ensure such projects are prioritized in Kenya.

He stated that the Ministry of ICT is working with the office of the president to create a single digital platform that will enable businesses to prosper.

“The development of a digital government is a key factor to ensure that various companies can interface with the government for economic development,” said the CS.

He also noted emerging technologies such as cryptocurrency and bitcoin which are important to the nation and mentioned that the Ministry will hold discussions with the government on how to implement them.

CS Mucheru appealed to all stakeholders to integrate the youth since they are at the forefront of bringing new innovative ideas for economic transformation.

Speaking at the event, Safaricom Chief Executive Officer (CEO) Peter Ndegwa said that the Fintech Innovation Week is meant to showcase what Safaricom can do for the future generation.

“Fintech will transform the lives of all people through a combination of technology and innovation,” said Ndegwa.

He mentioned that the project is tasked to transform Safaricom into a purpose-led company by centring its focus on all customers.

“Safaricom is here to promote customer satisfaction, innovation and create collaborations between Kenya and all over Africa,” added Ndegwa.

Ndegwa also stated that technology and investment are key factors that will empower the country.

The CEO mentioned that the innovation week will also mark 15 years since the launch of Safaricom.

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