Sharp Daily
No Result
View All Result
Friday, November 28, 2025
  • 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

SMS spam surge in Kenya: fears of personal data misuse by telcos exposed

November 21, 2025

Rural banking expansion: how financial literacy drives economic inclusion in Kenya

November 20, 2025

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

The rising popularity of Money Market Funds

November 27, 2025
Investments

Understanding the Cytonn court case and what the recent ruling means for investors

November 27, 2025
Features

Celebrate the festive season in style at cysuites hotel apartments

November 27, 2025
Crime

How fake eTA sites are killing Kenya’s tourism dreams.

November 27, 2025
Low voter turnout at Masikonde Primary School in Narok town ward on November 27 2025, voting kicked off at 7.00 AM. Tobias Meso|NMG
News

Kenya goes to the polls: November 27 by-elections underway after final preparations

November 27, 2025
News

Kenya feels the impact after the U.S. cancels key transport funding deal

November 26, 2025

LATEST STORIES

The rising popularity of Money Market Funds

November 27, 2025

Understanding the Cytonn court case and what the recent ruling means for investors

November 27, 2025

Celebrate the festive season in style at cysuites hotel apartments

November 27, 2025

How fake eTA sites are killing Kenya’s tourism dreams.

November 27, 2025
Low voter turnout at Masikonde Primary School in Narok town ward on November 27 2025, voting kicked off at 7.00 AM. Tobias Meso|NMG

Kenya goes to the polls: November 27 by-elections underway after final preparations

November 27, 2025

Key shifts observed in today’s digital landscape

November 26, 2025

Kenya feels the impact after the U.S. cancels key transport funding deal

November 26, 2025

Vatican addresses African bishops’ polygamy concerns with controversial new document

November 26, 2025
  • 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