Safaricom eyes 40pc long-term margins in Ethiopia business

Safaricom CEO Peter Ndegwa. PHOTO | POOL

Safaricom Plc has ambitions of achieving gross margins of 40 percent in its new Ethiopian operation in 10 years.

The financial targets, including breaking even in four years, have been disclosed by South Africa’s Vodacom Group which owns a 35 percent stake in the Nairobi Securities Exchange-listed firm.

PAYE Tax Calculator

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