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Higher taxes, Ethiopia entry cut Safaricom's profit to Sh67b

Safaricom Chief Executive Peter Ndegwa and Chief finance Officer Dilip Pal during the release of the telco's 2021/22 full-year financial results in Nairobi yesterday. [File]

Mobile service provider Safaricom has recorded Sh67.5b in after-tax profit for the financial year ended March 2022, with earnings from M-Pesa crossing the Sh100b mark for the first time.

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Safaricom Ethiopia