Safaricom sees earnings surge as Ethiopia startup losses fall

Safaricom sees earnings surge as Ethiopia startup losses fall

Kenyan telecoms firm Safaricom said on Friday that its earnings could surge as much as 50% this financial year as it projected that losses in key expansion market Ethiopia would fall steeply.

Kenya: Safaricom sees earnings surge as Ethiopia startup losses fall

Sees EBIT of 144-150 billion shillings in year to March 2026

Safaricom defies regional headwinds with 11% profit surge amid Ethiopia expansion

Safaricom posts an 11% profit jump to $540 million, with reduced Ethiopia losses and strong Kenyan growth.

Safaricom profit jumps 11% to $540mn as Ethiopian unit losses fall

Safaricom grew its 2024 full-year profit by  11% to $540 million (KES 69.8 billion), lifted by easing losses in Ethiopia and steady growth in its mobile data and mobile money services at home. The results mark a return to growth for Kenya’s biggest telecoms operator after two years of earnings pressure linked to its costly push into Ethiopia. Safaricom’s service revenue rose by 10% year-on-year to $2.8 billion (KES 371.4 billion) in the year to …

Safaricom to pay Sh48bn in dividends to shareholders

The telco posted Sh69.8 billion in net income for the full year ending March 31, 2025.