Kenya’s Safaricom Ranked 7th on the ‘2020 Fortune Change the World’ List of Companies – The Only African Company in Top 10

The ‘2020 Fortune Change the World list’ is out and Safaricom, the only African company, is on the top 10 list.

This is the second time an African company has appeared on the top 10 list since it was first published in 2015. The first African company on the list was, again Safaricom, which took the top position in 2015.

The list recognizes companies that have had a positive social impact through activities that are part of their core business strategy.

SEE ALSOKenyan Businesses Using Lipa Na M-PESA Mobile Money Cross 200, 000 with Over One Million Customers Added in 2020, Says Safaricom

Among the factors that were of most importance during the selection include:

  • Measurable social impact – The reach, nature, and durablity of the company’s impact on one or more specific societal problems
  • Business results – The benefit the socially impactful work brings to the company. Profitability and contribution shareholder value outweigh benefits to the company’s reputation
  • Degree of Innovation – How innovative the company’s effort is relative to that of others in its industry and whether other companies have followed its example or partnered with it
  • Corporate Integration – How integral the initiative is to a company’s overall strategy, and how well that strategy is communicated through the ranks and elsewhere.

Below is the list of top 25 companies from the list:

  1. The Vaccine Makers
  2. Alibaba
  3. PayPal
  4. Nvidia
  5. BlackRock
  6. Zoom
  7. Safaricom
  8. Regeneron Pharmaceuticals
  9. Walmart
  10. Serum Institute of India
  11. Mondragon
  12. Grupo Energia Bogota
  13. Medtronic
  14. MasterCard
  15. Bank of America
  16. Microsoft
  17. Skanska
  18. Minotiry-Owned Banks
  19. Henry Schein
  20. Ping An Insurance
  21. Jio Platforms
  22. AB InBev
  23. Alphabet
  24. Abbot Laboratories
  25. Williams-Sonoma

Safaricom has undoubtedly helped open up the mobile payment space on the African continent, and the world, with recent efforts aimed at growing its C2B business portfolio seeing remarkable results.

More than half of M-PESA users do not operate bank accounts, with the majority of transactions happening via feature phones.

The ranking affirms the fact that African companies, especially in the digital payments space, can truly make a difference on the continent.


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