finance
Safaricom Annual Profit Rises 67 Percent
Safaricom reported a 67 percent increase in annual profit, exceeding analysts’ expectations. The improvement followed a reduction in losses at the company’s unit in Ethiopia. The results were announced on May 7, 2026.
May 7, 1:35 AM·1m read1 source
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Safaricom reported that its annual profit rose 67 percent, exceeding analysts’ expectations. The increase was driven in part by a narrowing of losses at the company’s unit in populous Ethiopia. Ethiopia is one of the most populous countries in Africa and has been a focus for expansion.
The profit growth marks a significant improvement over the previous year. The company did not disclose the exact profit figure or the prior year’s baseline in its announcement.
Safaricom is the largest telecommunications operator in Kenya and has pursued regional growth. The results come as the company continues to operate in a competitive regional market. Further details on revenue, subscriber growth and dividend plans were not included in the initial announcement.
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