Citi Client Casebook Middle East and Africa 2022

Environmental, Social and Governance (ESG) 11 Key Benefits • The programme has no impact on existing credit facilities and has strengthened Safaricom’s relationships with suppliers. • In addition, by supporting women in business, Safaricom’s platform is financially empowering women, leading to an increase in female representation in Safaricom’s supply chain. • Last but not least, Safaricom’s sustainable supplier financing programme has reinforced the security of its supply by strengthening the financial sustainability of suppliers. Citi partnered with Safaricom to support its Women in Business programme with a supply chain finance solution which accelerates cash owed by the company to its suppliers. While Safaricom has 30-day payment terms, our solution enables these female suppliers to be paid early which allows them to expand and diversify the kind of business they do with Safaricom. This winning solution optimises working capital and is in tune with the UN’s Sustainable Development Goals, especially those which support gender equality.” Marianne Kilonzi Trade Product Manager, Treasury and Trade Solutions, Citi, Kenya