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Safaricom Grows Profit 36% as Ethiopia Business Losses Narrow

Bloomberg Technology Thursday 05 November 2026, 05:19 UTC By Eric Ombok 1 min read
Key Points

Safaricom Grows Profit 36% as Ethiopia Business Losses Narrow Safaricom Plc said first-half profit climbed 36% after losses at the Ethiopian operation of Kenya’s biggest company by market value narrowed. Group net income rose to 58.2 billion shillings ($447.9 million) in the six months through September from a year earlier, Chief Executive Officer Peter Ndegwa said at a briefing on Thursday.

Safaricom Grows Profit 36% as Ethiopia Business Losses Narrow Safaricom Plc said first-half profit climbed 36% after losses at the Ethiopian operation of Kenya’s biggest company by market value narrowed. Group net income rose to 58.2 billion shillings ($447.9 million) in the six months through September from a year earlier, Chief Executive Officer Peter Ndegwa said at a briefing on Thursday.
Safaricom Grows Profit (ORG) Ethiopia Business (ORG) Narrow Safaricom Plc (ORG) Ethiopian (ORG) Kenya (LOCATION) Peter Ndegwa (PERSON)
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