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Peter Ndegwa leads Safaricom to historic $3 billion revenue

Summary by Billionaires.Africa
Key PointsSafaricom’s revenue hit $3.01 billion, driven by strong performance in Kenya and Ethiopia, as it closed its five-year strategy to become a tech-focused operator.M-PESA revenue surged 15.2% in Kenya, generating $1.25 billion and accounting for over 44% of local service revenue amid rising financial service adoption.Ethiopia now contributes nearly 10% of revenue, with 8.8 million subscribers and growing M-PESA activity, as Safaricom eyes…
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Billionaires.Africa broke the news in on Tuesday, May 13, 2025.
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