Safaricom injects Sh26b into its Ethiopia unit as profit hits Sh43b

Safaricom Kenya recorded a net income of Sh58.2 billion compared to Sh47.5 billion in the same period last year...

✨ Key Highlights

Safaricom has significantly reduced losses in its Ethiopia unit by 20.1% to Sh15.5 billion in the six months to September, as it aims for a break-even by 2027. The telecommunications giant injected an additional Sh26.4 billion into the Ethiopian operations during this period.

Total loss reduction in Ethiopia business: 20.1%, amounting to Sh15.5 billion.
Key person involved: CEO Peter Ndegwa of Safaricom PLC.
Amount injected into the Ethiopia unit: Sh26.4 billion.

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