×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Safaricom net income jumps 10.8pc to Sh69.8bn, first in East and Central Africa

Vocalize Pre-Player Loader

Audio By Vocalize

Safaricom CEO Peter Ndegwa. [Wilberforce Okwiri, Standard]

Safaricom has reported a 10.8 per cent rise in net income to Sh69.8 billion for the year ending Monday, March 31, as total revenue surged past $3 billion (Sh390 billion) - the first time any company has hit that level in East and Central Africa.

The company said the growth was driven by innovation across products, expansion in Ethiopia and Sh18 billion invested in community projects over five years.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sci & Tech
AI-driven cyber threats rise amid global skills shortage
Real Estate
How Sh27.8b project is revamping informal settlements in urban areas
Business
Equity Q1 net profit up 24pc to Sh18.3b on regional units
Business
KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times