Safaricom suffered a Sh21.7 billion loss from Ethiopia operations in the year ended March as it returned to profit growth at the group level, helped by double-digit expansion of mobile data and mobile money platform M-Pesa business.
The telecoms operator’s results published Thursday showed net profit from Safaricom Kenya grew 13.7 percent to Sh84.74 billion while Safaricom Ethiopia posted a Sh42.09 billion net loss.
