Safaricom PLC (NSE: SCOM) has announced a revamped 5G for Business service designed to deliver significantly faster internet speeds at competitive prices. The upgraded service, unveiled during the ‘Grow with Safaricom Business’ Western Kenya edition, aims to empower small and medium enterprises (SMEs) by offering enhanced connectivity to support their digital growth.
The improved 5G service provides speeds up to five times faster than the previous plans, ensuring businesses can seamlessly conduct online transactions, collaborate in real-time, and manage remote operations. As a result, SMEs can enhance productivity, improve customer interactions, and efficiently scale their operations in today’s increasingly digital marketplace.
The new packages offer increased speeds at attractive price points, providing exceptional value for businesses:
Speaking at the event, Safaricom CEO Peter Ndegwa emphasized the company’s commitment to supporting the SME sector:
“The new 5G for Business will ensure that SMEs can access enterprise-grade internet performance without stretching their budgets. This will empower them to enhance productivity, improve customer interactions, and scale operations efficiently in today’s increasingly connected marketplace.”
To encourage uptake, Safaricom is offering a 25 Percent discount on all 5G plans for businesses that sign up between November 29 and December 31, 2024. This promotion is expected to attract a significant number of subscribers looking to leverage faster internet speeds for growth.
The SME sector, a crucial pillar of Kenya’s economy, stands to benefit immensely from the upgraded service. According to the Kenya Institute of Public Policy Research and Analysis (KIPPRA), there are over 7.4 million micro, small, and medium enterprises (MSMEs) in the country, employing nearly 14.9 million people and contributing 30% of the GDP.
The ‘Grow with Safaricom Business’ platform, part of the Sambaza Furaha na Safaricom Caravan, is an initiative aimed at equipping SMEs with the knowledge and tools needed to thrive. The Western Kenya edition marks another step in Safaricom’s mission to drive business growth through technological innovation.
With this latest upgrade, Safaricom reaffirms its position as a leader in the telecom sector, providing cutting-edge solutions that address the evolving needs of businesses across Kenya.