Safaricom walking a tight rope on Ethiopia mission, voice disruption

John Ngumi and Peter Ndegwa

Safaricom PLC Chairman John Ngumi (left) and Safaricom CEO Peter Ndegwa during the telco's half-year results at the Michael Joseph Centre on November 11, 2022.  PHOTO| DIANA NGILA | NMG

Last week, Safaricom released its half-year financial results, and the company is betting big on its ambitious mission in Ethiopia as it seeks more revenue opportunities.

Now, pundits will have to get used to saying Safaricom Group. This is because the company intends to keep Safaricom Ethiopia as part of its portfolio.

PAYE Tax Calculator

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