Forbes ranks Safaricom as the third best employer in Africa
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Forbes’ annual list of the World’s Best Employer puts Safaricom at position 164 in a ranking of 700 multinationals from 43 nations
Forbes’ annual list of the World’s Best Employer puts Safaricom at position 164 in a ranking of 700 multinationals from 43 nations.
Safaricom is the best employer in Africa behind South Africa’s Absa Group and Standard Bank, according to a new survey by Forbes.
The company, which is listed on the Nairobi Securities Exchange, is the most profitable in the region. It has 5,500 staff.
Safaricom is the region’s most profitable firm having recorded a net profit of Ksh34.2 billion ($223.97 million) in the six months to September.
In 2018, Forbes Business magazine named Safaricom the best employer in Africa and 67th in the world in a ranking of 500 publicly traded companies from 60 countries.
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The second-best employer in 2018 ranking was Naspers at position 224 globally, followed by First Rand (432) and Sanlam (457) all from South Africa.
Safaricom added 675 jobs in the year to March, many of them being in its Ethiopia subsidiary that went into full operation during the period.
In the 2023 ranking, Forbes partnered with market research firm Statista to create the seventh annual list of the World’s Best Employers.
To determine the ranking, Forbes and Statista surveyed over 170,000 employees in over 50 countries who work for multinational companies and institutions.
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