Safaricom
announced robust half-year results for its 2027 financial year on November 5,
with group shareholder profit jumping 35.9% to KSh 58.2 billion, exceeding
analyst expectations.
M-PESA
revenue hit a milestone of Sh100.1 billion for the first time in six months, up
13.6%, while Kenya's service revenue rose 11.3% to KSh 216.0 billion and
Ethiopia narrowed its EBITDA loss by 96.5%.
Shares climbed around 6% in early trading, reflecting optimism over the beat on key metrics and Ethiopia's path to breakeven with over 15 million active users.