Safaricom unveils fund for innovations

Safaricom Foundation, the corporate social investment arm of Safaricom Limited, has launched a Sh50 million fund targeting investors in the social innovation field who may need technical and entrepreneurship support to develop and deploy mobile technology.

The fund will empower young innovators with the potential to deliver innovations that leverage on mobile technologies. “Successful applicants will have to demonstrate that they have viable and sustainable ideas that are commercially viable for them in the long term,” said Safaricom Foundation Chairman Joseph Ogutu.