Safaricom #ticker:SCOM borrowed additional short-term bank loans amounting to Sh24.7 billion in the half year ended September when its net profit dropped six percent due to removal of fees on M-Pesa transactions of up to Sh1,000.
KCB Group #ticker:KCB is among the country’s major banks that provided the loans to Safaricom that the telco used to fund its dividend payments and infrastructure investments.
