Safaricom Kenya limited is reeling with the aftermath of the NASA boycott. As the Company grapples with finding a bearing, a 20% redundancy looms in its M-KOPA department with effect from 13th December 2017.
NASA luminaries had earlier called on their supporters across the Country to boycott Safaricom claiming it was party to the allegedly rigged August 8th election.
In a confidential Facts on Restructuring letter seen by Kahawa Tungu, the company says M-KOPA is embarking on a restructuring process, a move it says is driven by the need to cut down costs.
A Senior employee at the Company disclosed that the effects of the Safaricom boycott are much more far reaching than what is perceived.
He added that sales have taken a massive dive and subscribers are defaulting on daily payments in unprecedented levels even as an economic paralysis lurks.By January 2016, M-KOPA had slightly over 1,000 employees.
Although the Company vaunts the best sales in the quarters, the in-house communique reveals that costs have since grown faster than revenues.
Things seem to be getting murkier for the boycotted companies despite Kenya private sector(KEPSA) executives saying it stands behind the firms.
Quarters are now calling for Uhuru Kenyatta and Raila Odinga to dialogue before things get worse.
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