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Originally published by Nation Businessbusiness
May 7, 2026
2h ago
Safaricom profits rocket by 67pc
The growth was primarily ignited by M-Pesa’s continued dominance in the fintech space...
✨ Key Highlights
Safaricom Plc announced a significant surge in profits, reporting a 67.3 percent increase in net profit to Sh99.7 billion for the year ended March 31, 2026. This remarkable growth has led to a proposed total dividend of Sh2 per share, a 66.7 percent increase from the previous year.
- Safaricom Plc's net profit jumped to Sh99.7 billion.
- Growth was driven by strong M-Pesa performance in Kenya and reduced losses in Ethiopia.
- The company has more than halved its losses in Ethiopia and remains optimistic about breaking even by March 2027.
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