Kenya's Safaricom surpassed Ksh140 billion in earnings, driven by a 20% rise in operating profit.

Kenya's largest telecom firm, Safaricom, surpassed the billion-dollar mark in earnings for the first time, reaching Ksh.140 billion, driven by a 20% rise in operating profit. The company's revenue increased 13.4% to Ksh335.3 billion, with M-Pesa contributing 40% to service revenue. Net earnings dropped 23% to Sh42.6 billion due to a challenging operating environment and currency volatility.

May 09, 2024
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