Safaricom has been included in the 2020 Fortune Change the World List. This is the 6th time Fortune has made this now annual list where 50 companies across the world are recognised for building innovative business strategies that positively impact the world. Fortune picks out the companies that they believe have made an important social or environmental impact through their profit-making strategy and operations in that year.
The list is compiled in collaboration with Shared Value Initiative, a consultancy that helps companies apply business skills to social problems.
This year’s list includes 28 companies from the U.S. and Canada; 10 from Asia and the Middle East; 8 from Europe; and only 3 each from Africa and Latin America.
Number one on the list this year is ‘The Vaccine Makers’ who are recognised for their efforts in fighting COVID-19 currently having nearly 200 vaccines in development with 39 in human-clinical trials.
Safaricom is ranked 7th for what is described as 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.
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.
Here are the Top 10 companies recognised this year:
- The Vaccine Makers
- Serum Institute of India
“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.