Safaricom (NSE: SCOM) has been ranked seventh in the 2020 Fortune Change the World List which recognises companies that have had a positive social impact through activities that are part of their core business strategy.
The telco merited for its role in transforming how people in Kenya are paying for and accessing healthcare through M-TIBA which is a partnership with CarePay and PharmAccess.
The Vaccine Makers are first, followed by Alibaba and Paypal comes third. Zoom is sixth, perhaps pivoted by its extensive use during this COVID-19 period.
“We are honoured to be included in this global list that recognises 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”, said Peter Ndegwa, CEO, Safaricom.
M-TIBA which has over 4 million users enables people to save, send, receive and pay for medical treatment through a mobile health wallet on their phone. The solution has previously won the shared value category at the 2017 Loeries Awards and received the FT/IFC Transformational Business Award in Sustainable Development.
This year’s top position in 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 Shared Value Initiative, a consultancy that helps companies apply business skills to social problems.
It is the second time the company is making it to the two ten after it co-shared the number one spot with Vodafone in 2015, when the list was inaugurated.