M-KOPA Kenya; A subsidiary of UK-based M-KOPA, a leading pan-African fintech company, today announced key findings from its annual impact report. path to progress Highlighting its significant contribution to the Kenyan economy, the report reveals that of the group’s five markets and five million customers across Africa, M-KOPA has the greatest impact in Kenya. There is. Since its inception, it has reached more than 3 million customers, created more than 16,000 jobs and contributed more than 17.2 billion Kenyan shillings in direct and indirect taxes.
M-KOPA Kenya has established itself as a key player in the Kenyan economy, offering affordable access to smartphones, digital loans, data, free hospital cover (in partnership with TURACO), and access to electric bikes in Kenya. Enabling financial inclusion through lending.
By addressing the needs of a largely invisible and underfunded population, M-KOPA empowers millions of people who have traditionally been excluded from access to traditional financial services.
M-KOPA Kenya is proud to be a powerhouse that expands economic opportunities for millions of Kenyans and makes a significant contribution to the country’s economy. We are a purpose-driven company whose mission is not only to connect people digitally, but also to ensure financial services are accessible and affordable, supporting financial empowerment and long-term economic growth. It’s about paving the way.
Martin Kingori, GM, M-KOPA Kenya
M-KOPA has made a significant impact in Kenya, reaching over 3 million customers through its vast distribution network and creating jobs for 16,000 Kenyans. This includes 1,600 full-time employees nationwide, with the addition of 325 new roles at local smartphone assembly plants starting in 2023, where job opportunities will primarily target young people and first-time job seekers. We support people. The company aims to produce more than 1.5 million smartphones at its local assembly plant and to locally produce and sell 10 million affordable smartphones by 2027.
As a major taxpayer, M-KOPA has contributed over Ksh 17.2 billion to the Kenya Revenue Authority covering various tax categories since its inception. In innovation, M-KOPA launched its first locally produced smartphone M-KOPA X20. It incorporates digital financial services that extend utility beyond standard smartphone functionality. More than 1.5 million smartphones have been assembled locally, with the goal of manufacturing and selling 10 million affordable devices by 2027.
Since 2020, M-KOPA has sold 3.3 million smartphones in Kenya and funded over 1,500 electric motorcycles, helping drivers earn an income while contributing to reducing carbon emissions.
