Home Business Safaricom’s half-year profits tipped to swell by 11pc

Safaricom’s half-year profits tipped to swell by 11pc

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The Standard | by Wainaina Wambu

Analysts have projected a 10.9 per cent jump in Safaricom’s 2021 half-year profits chiefly driven by fixed service and mobile data revenues.

This is despite a 4.3 per cent projected drop in M-Pesa revenues for the first half of the telco’s financial year that ends in March 2021, although they are expected to rebound in the second half after the end of as zero-rated transactions, according to a report by KCB Capital…

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