Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

Blog

Safaricom gets Sh1.5bn for police cameras deal

The Treasury has paid Safaricom  Sh1.5 billion after the giant telco threatened to disconnect a security and surveillance system it built on behalf of the National Police Service, parliamentary records reveal

The National Assembly’s Budget and Appropriations Committee (BAC) said Safaricom had signalled it would disable the surveillance system over the unpaid bill, an outcome that could have derailed police pursuit of criminals through CCTV cameras mounted in Nairobi.

This image has an empty alt attribute; its file name is image-22.png

Under the terms of the security contract, Safaricom in 2014 started installing a Sh14.9 billion communication and surveillance system that is linked to police stations to help combat crime in Nairobi and Mombasa.

The State was expected to make quarterly payments to Safaricom to clear the bill, but the repayments have been trailing the agreed schedule.

This image has an empty alt attribute; its file name is image-20.png

Safaricom had completed construction of the system by March 2016 and the contract demanded that the government reimburse the firm quarterly over a period of five years. Parliamentary documents show that the government paid Safaricom Sh9.27 billion in 2016 and Sh881 million in the three years to end of June 2019, leaving a balance of slightly above Sh5 billion.

Source: https://www.businessdailyafrica.com/news/Safaricom-gets-Sh1-5bn-for-police-cameras-deal/539546-5585152-7c8xyez/index.html

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

GFA’s must read weekend feature entitled Making Finance Work For Agriculture in Africa [Part 2] has been released. Read more

Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com

No Comments
Add Comment
Name*
Email*
Website