Safaricom to book Sh9.2bn for police security system


Safaricom is set to bill the government Sh9.2 billion for construction of the communication and surveillance system for the National Police Service.

The telco says in its latest annual report that 92 per cent of the work had been completed as of March and that confirmation of the project deliverables had been received from the Inspector General of police.

The payment is to be spread over the next five years, with the amounts set to be booked as revenue.
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Source: Business Daily Africa