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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Safaricom has cut its losses in the Ethiopia business by 20.1 per cent to Sh15.5 billion in the six months to September as the telco targets to break even by 2027 amid price correction and currency reforms in the market.
During the period, Safaricom injected a further Sh26.4 billion into the business while keeping an eye on costs, keen to cushion the unit from currency depreciation.
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