Safaricom has been included in the 2020 Fortune Change the World List that recognizes companies that have had a positive social impact through activities that are part of their core business strategy.
The company was ranked 7th for its role in transforming how people in Kenya are paying for and accessing healthcare through M-TIBA which is a partnership with PharmAccess and Carepay.
Speaking to the media, Mr. Peter Ndegwa CEO, Safaricom said, “We are honored to be included in this global list that recognizes companies that are using their products and services to provide sustainable, shared value solutions to the communities they serve. M-TIBA has shown how, through partnerships, we can use the mobile phone to drive healthcare inclusion for millions of people.”
M-TIBA, a product that has over 4 million users enables people to save, send, receive, and pay for medical treatment through a mobile health wallet on their phone. This product has previously won the shared value category at the 2017 Loeries Awards and received the FT/IFC Transformational Business Award in Sustainable Development.
2020 Fortune Change The World List
From the list, this year’s top position in 2020 Fortune’s Change the World list was dedicated to the pharmaceutical companies who are collaborating to develop a COVID-19 vaccine. Other companies in the top 10 include Alibaba, PayPal, Zoom, and Walmart.
The list is compiled in collaboration with the Shared Value Initiative, a consultancy that helps companies apply business skills to social problems.
Here are the top 10 in the 2020 Fortune Change the World List
- The Vaccine Makers
- Serum Institute of India