Cooling inflation, reduced currency volatility boost Safaricom Ethiopia

 Safaricom PLC headquarters in Westlands, Nairobi.

Photo credit: File | Nation Media Group

Cooling inflation and reduced exchange rate volatility in Ethiopia has handed Safaricom some respite as it eyes turning a profit in the market by March next year.

The lower consumer price index and easing pressure on the Ethiopian currency-the Birr-adds to tailwinds for Safaricom Ethiopia after December’s tariff increase on voice and data services.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.