Thursday, April 25, 2024

Safaricom recognised for achieving diversity in procurement through its Women in Business Programme

Safaricom (NSE: SCOM) has won Best Initiative to Build a Diverse Supplier Base in the Chartered Institute of Procurement & Supply (CIPS) Excellence in Procurement Awards 2022. The telco was recognized for its efforts in diversity and inclusion, under its Women in Business (WIB) Programme.

The Programme was established in 2017 to encourage and empower women-owned businesses and as part of the company’s commitment to reduce inequalities in the supply chain.

It seeks to foster economic empowerment by ensuring that there is a fair share of procurement opportunities allocated to women-owned businesses. It also provides the women with capacity-building training, mentorship, and coaching among other measures with the aim of improving their economic status and the communities in which they live.

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According to Safaricom’s 2021 Sustainability Report, the company has onboarded 227 women-led businesses, which represents 9.7% of its supplier base. The report also indicates that procurement spend by Safaricom on Women in Business stood at KES 1.7 billion.

The CIPS Excellence in Procurement Awards are an opportunity to showcase and celebrate the best work and teams in the procurement profession.

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Safaricom was also recently recognised for its diversity and inclusion initiatives and was nominated for the 2023 Zero Project Awards for establishing a job portal with the National Council of Persons with Disabilities (NCPWD) to cater to persons with disabilities.

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