Sharp Daily
No Result
View All Result
Saturday, May 23, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

New Safaricom’s Plan to Foster Savings Among Children

Domenic Ntoogo by Domenic Ntoogo
November 11, 2022
in News
Reading Time: 1 min read

Kenyan telecommunication giant Safaricom has laid down a plan to foster savings among juniors by introducing SIM cards for the group.

Speaking during the release of the telco’s half-year result ending September 30 2022, the firm’s Chief Executive Officer (CEO) Peter Ndegwa said the move will help minors make calls, text and save money on their phones.

However, he stated that the lines will be registered under the juniors’ parents, after which the registration will switch to the former once they hit majority age.

“Going forward, the junior will be able to have their own number but under the parent account and that will convert to the junior automatically when they turn 18 rather than having that problematic element that used to happen before,”

RELATEDPOSTS

Court to decide on Kenya’s Sh204 billion Safaricom stake sale

May 18, 2026

84,000 small investors buy NSE shares through M-Pesa’s Ziidi Trader in just two months

May 11, 2026

Read: Safaricom To Start Charging Bank Transactions As Profits Dip

In addition to the ability to save, the lines will also have restricted access, such that children cannot engage in gambling, with the parents being able to monitor phone usage among their children.

“We have simplified the menu that the junior account will have so that they are not able to access certain services like betting,” said Ndegwa.

“The parent should be able to monitor what the child is able to do,”

The CEO further commended the Communication Authority of Kenya (CA) for allowing the firm to proceed with the initiative, saying that it will give more autonomy to parents over their children.

“So that has received very strong support from the regulator because it is about parental control of what juniors do rather than using an adult account,”

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Inside Japheth Koome’s KSh89 Million Assets

Next Post

CBK Issues New Directives On CRB Listing

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Factors that influence property prices

May 22, 2026
News

Digital transformation for Kenyan SMEs

May 22, 2026
News

The danger of following investment trends blindly

May 22, 2026
News

Why some landlords struggle to find tenants

May 22, 2026
News

The importance of cash flow in business survival

May 22, 2026
News

Inflation and Treasury Bill Yields in Kenya: Why Rising Prices Could Raise Government Borrowing Costs

May 22, 2026

LATEST STORIES

Factors that influence property prices

May 22, 2026

Digital transformation for Kenyan SMEs

May 22, 2026

The danger of following investment trends blindly

May 22, 2026

Why some landlords struggle to find tenants

May 22, 2026

The importance of cash flow in business survival

May 22, 2026

Inflation and Treasury Bill Yields in Kenya: Why Rising Prices Could Raise Government Borrowing Costs

May 22, 2026

President halts NTSA crackdown on graffiti-branded matatus amid growing creative economy debate

May 22, 2026

Kenya’s Monetary Policy Turns Cautious as Inflation Pressures Re-Emerge Ahead of June MPC Meeting

May 22, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024