Safaricom Ethiopia reaches 14.7m customers in race to profitability

Wim Vanhelleputte

Safaricom Ethiopia CEO Wim Vanhelleputte.

Photo credit: Reuters

Safaricom Ethiopia reached 14.7 million active customers in June this year, boosting its drive towards attaining profitability at the EBITDA (earnings before interest, tax, depreciation and amortisation) level by March 2027.

The telecoms operator saw its number of three-month active customers rise by one million in the quarter to June 2026, from 13.63 million 90-day active customers as of the end of March this year.

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