Safaricom Kenya Records a 55% Profit

Safaricom’s Kenyan operations posted strong results, with half-year profit rising 55% to KSh 65.2 billion, driven by growth in mobile data and M-Pesa services. The company’s service revenue climbed to KSh 199.9 billion, up from KSh 179.9 billion the previous year. M-Pesa earnings increased to KSh 88.1 billion, while mobile data usage continued to expand. CEO Peter Ndegwa said the performance reflects the solid execution of Safaricom’s Vision 2030 strategy and sustained customer demand.