Safaricom’s Profit Drops for the first time in 8 years as M-Pesa Suffers 15% Loss in Revenue

Kenyan telco giant, Safaricom has recorded a decline in net profit year-on-year for the first time since 2012. This is according to its financial report for HY 2021. For the half year ended September 30, Safaricom realised a net profit of $303 million, 6% less than the $322 million posted in HY 2020. The fall … Continue reading Safaricom’s Profit Drops for the first time in 8 years as M-Pesa Suffers 15% Loss in Revenue