New disclosures from Safaricom place its total funding contribution to the business at Sh159.6 billion at the end of June 2026.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Safaricom Plc's funding contribution to its Ethiopian startup rose by Sh1.4 billion in three months to June 2026, underlining the telecoms increased interest in the business co-owned with partners including its parent Vodacom, Sumitomo Corporation, British International Investment (BII) and International Finance Corporation (IFC).
Safaricom has projected that the Ethiopia business will break even by March 2027, as losses for the unit fell 35 percent to…
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 Vodacom Safaricom deal closed on June 30: $2.1 billion gives the South African group 55% of East Africa's most profitable…
As the South African pushes to expand East Africa presence with controlling stake
Safaricom’s parent Vodacom Group last month completed the acquisition of an additional 15 percent stake in the company for…
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