This archive report was first published on 15 January 2020.
On January 15, 2020, Safaricom (NSE: SCOM) and M-Gas launched a revolutionary prepaid gas service for Kenyan households, providing millions of Kenyans with affordable access to clean cooking gas.
The innovative service allows customers to purchase gas from as low as Sh. 1 through M-PESA, with the cost of providing three meals for a household coming at less than Sh. 70 per day.
Each M-Gas setup includes a gas cylinder and a 2-burner gas cooker, provided to customers at no upfront cost. The gas cylinder comes equipped with an innovative smart meter that shows how much gas a customer has paid for and how much they have remaining.
Payments are made through M-PESA, with the gas automatically disconnecting when a customer has completely consumed the amount paid for.
According to Michael Joseph, CEO of Safaricom, the partnership with M-Gas is part of the company's commitment to transforming lives by exploring new innovations that create opportunities for customers and uplift their lives.
Volker Schultz, Head of M-Gas, expressed pride in working with Safaricom on this pioneering effort to bring affordable, convenient, and clean cooking solutions to millions of low-income households in Kenya.
The M-Gas solution has been made possible by Safaricom's Narrow Band Internet of Things (NB IoT) network and M-PESA, powered by Safaricom's robust 4G network.
