Home Business Safaricom half-year profit rises to Sh37bn on end of free M-Pesa

Safaricom half-year profit rises to Sh37bn on end of free M-Pesa

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Business Daily | by Brian Ngugi


Safaricom half-year net profit to September rose 12.1 percent to Sh37.05 billion with M-Pesa revenues driving the rebound on account of end to free State-backed transactions to support customers during the Covid-19 period.

The results, covering six months from April to September 2021, also saw voice and messaging revenue increase in the period that coincided with the lifting of Covid-19 restrictions…

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