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Digital News

Safaricom profits drop by 6.8 percent to Sh68.7 billion

By Fredrick Obura | 4yrs ago

Waiver of M-Pesa transaction charges affected Safaricom profits. [Courtesy]

The free M-Pesa transactions for amounts below Sh1,000 at the height of the Covid-19 pandemic last year weighed down on Safaricom’s overall earnings for the year ended 2020.

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