Sharp Daily
No Result
View All Result
Saturday, August 16, 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

Safaricom 2025 financial triumph and effect on Kenyan economy

May 28, 2025

Safaricom’s legal battle against journalist sparks press freedom concerns

March 27, 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

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Overcoming barriers to AI adoption in Kenyan accounting firms

August 15, 2025

Consolidating Pension Contributions in Kenya

August 15, 2025

Reopened infrastructure bonds oversubscribed as investors seek higher yields

August 15, 2025

Understanding foreign investor outflows

August 15, 2025

The rise of ESG investing in Kenya: A shift toward sustainable finance

August 14, 2025

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 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