Kenyan Wall Street | by Jackson Okoth
Citi Research forecasts that giant telco firm, Safaricom, net profit will to rise from KSh 74.7 Billion posted in the year ended March 31st, 2020 to KSh 78.7 Billion in 2023.
According to an analysis by Citi Research, part of the Citigroup Global Markets Limited, Safaricom is a growth story with earnings driven by M-Pesa and data revenue growth.
“We are optimistic in our outlook for M-Pesa growth, and see merchant payments and digitalization of trade as opportunities ahead…
