Kenya’s telecom giant, Safaricom has been named in the 2020 Fortune Change the World List which recognises companies that have had a positive social impact through activities that are part of their core business strategy.
Safaricom is ranked seventh for its role in transforming how people in Kenya are paying for and accessing healthcare through M-TIBA which is a partnership with CarePay and PharmAccess.
Commenting on the development, Safaricom Chief Executive Officer Peter Ndegwa said: “We are honoured to be included in this global list that recognises companies that are using their products and services to provide sustainable, shared value solutions to the communities they serve. M-TIBA has shown how, through partnerships, we can use the mobile phone to drive healthcare inclusion for millions of people.”
M-TIBA which has over 4 million users enables people to save, send, receive and pay for medical treatment through a mobile health wallet on their phone. The solution has previously won the shared value category at the 2017 Loeries Awards and received the FT/IFC Transformational Business Award in Sustainable Development.
The 2020 top position in Fortune’s Change the World list was dedicated to the pharmaceutical companies who are collaborating to develop a COVID-19 vaccine. Other companies in the top 10 include Alibaba, PayPal, Zoom and Walmart.
The list is compiled in collaboration with Shared Value Initiative, a consultancy that helps companies apply business skills to social problems.