Weekly DigestMay 8, 20260

Safaricom Profit Tops $770 Million as Ethiopia Expansion Boosts Growth

Kenya’s biggest telecom operator Safaricom PLC posted annual net income of more than $770 million on Thursday, helped by strong growth in its mobile money and data businesses as losses from its Ethiopia expansion narrowed. The company said net income for the year ended March 31 rose to 100 billion K

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Safaricom Profit Tops $770 Million as Ethiopia Expansion Boosts Growth

Source: TechMoran  ·  Kenya

Kenya’s biggest telecom operator Safaricom PLC posted annual net income of more than $770 million on Thursday, helped by strong growth in its mobile money and data businesses as losses from its Ethiopia expansion narrowed. The company said net income for the year ended March 31 rose to 100 billion K…

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Part of the Africa Dev Week of May 08, 2026 weekly digest.