Safaricom defies Covid-19 to post Sh37b net profit in six months

Peter Ndegwa - CEO Safaricom [Wilberforce Okwiri, Standard}

Safaricom has recorded Sh37 billion net profit in the first six months to September 2021 even as millions of Kenyans struggled with the aftershocks of the coronavirus pandemic.

Safaricom CEO Peter Ndegwa attributed the 12 per cent increase in after-tax profits, compared to the same period last year, to better earnings from M-Pesa and data usage.