BOLDEN African News · Thursday 5 November 2026
Safaricom's half-year net income rises 35.9% to Sh58.2 billion
Safaricom Group's net income rose 35.9 per cent to Sh58.2 billion in the six months to September 2026, with group service revenue up 13.1 per cent to Sh226.1 billion and M-Pesa revenue up 13.6 per cent to Sh100.1 billion. Safaricom Ethiopia's service revenue grew 71.6 per cent to Sh10.6 billion and its EBITDA loss narrowed 96.5 per cent to Sh434.4 million. The company did not declare an interim dividend.
Why it matters
The Ethiopian business is close to break-even, which management targets by the end of the financial year.
Source: The Star · 6 November 2026