After years of network investment, Safaricom Ethiopia moves closer to covering its operating costs

Safaricom sets about sweating Ethiopian assets as startup drag fades

Safaricom’s Ethiopian gamble is beginning to look less painful, with service revenue surging, EBITDA losses collapsing, and capital requirements falling sharply — but forex benefits flatter the improvement, and true profitability remains some distance away.

M-PESA Ethiopia lost 510,000 active users in three months as Safaricom Ethiopia neared break-even

Safaricom Ethiopia's EBITDA loss fell from KES 12.56 billion to KES 434.4 million, close to break-even. About 69% of that gain came from smaller currency losses. M-PESA Ethiopia has lost active users since June and brought in just KES 10.1 million in six months.

Safaricom on brink of Ethiopia profit target

The telco projects the Ethiopian unit will achieve net profits --after taxes and all costs-- over the next three years.

Safaricom posts 72% revenue rise as Ethiopian losses shrink 96.5%

Safaricom’s first‑half 2026 results show a 72% jump in total revenue and a dramatic 96.5% cut in Ethiopia’s EBITDA loss, boosting group profit.

Safaricom Ethiopia break even: price floor steps remain

Safaricom Ethiopia break even moved closer in the six months to September 2026. Safaricom Ethiopia Telecommunications PLC cut its loss before interest, tax, depreciation and amortisation (EBITDA) by 96.5% to Sh0.4 billion, and its funding now includes US$474 million of debt. Shareholders who financed the business mostly with equity face a smaller cash drain, but [...] The post Safaricom Ethiopia break even: price floor steps remain appeared firs…

After years of network investment, Safaricom Ethiopia moves closer to covering its operating costs

Safaricom Ethiopia narrowed its EBITDA loss by 96.5% to KSh434.4 million in the six months ended September 2026, as service revenue rose 71.6% to KSh10.6 billion. The improvement brings the operation closer to its target of achieving EBITDA breakeven by the end of FY27, following several years of network investment, customer acquisition and the establishment … The post Safaricom Ethiopia’s losses fall sharply as the telecom business approaches a…