M-Pesa, Ethiopia power Safaricom half year profit to Sh42.7bn

Safaricom CEO Peter Ndegwa delivers his address during the release of the company's half-year results in 2024.

Photo credit: Pool

Safaricom reported a 52.1 percent rise in its half-year profit to Sh42.7 billion, helped by a smaller loss in Ethiopia and M-Pesa’s double-digit growth.

Its net profit grew from Sh28.11 billion the previous year, and it expects to declare an interim dividend in February.

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