Safaricom has projected that the Ethiopia business will break even by March 2027, as losses for the unit fell 35 percent to Sh21.2 billion in the year ended March 2026 from Sh36 billion a year...
By
Charles Mwaniki
Business Reporter
Nation Media Group
Safaricom has disclosed that its co-investors in its Ethiopia subsidiary retain the right to buy back the 2.78 percent stake they lost when it made an equity investment in the unit in the year to March 2026.
New disclosures from Safaricom place its total funding contribution to the business at Sh159.6 billion at the end of June 2026.
The increased number of active customers improves the operator’s ability to generate revenue across its telecoms business.
Vodacom Group has successfully completed its R35 billion acquisition of a 20% stake in Safaricom, enhancing its control and…
The pan-African telecom operator's shareholding in Safaricom has increased to 55%, enabling consolidation of its telecoms,…
Safaricom shareholders have approved landmark governance changes that formalise the end of State dominance in East Africa's most…
The Vodacom Safaricom deal closed on June 30: $2.1 billion gives the South African group 55% of East Africa's most profitable…
