Kenya's Safaricom Profit Increases by 11% With an Annual Revenue of $3 Billion for the Fiscal Year 2025

Kenya’s biggest telecom company, Safaricom, has just shared some exciting news: Safaricom profit increases by 11% with an annual revenue of $3 billion for the year ending March 2025. This means the company made much more money than last year, and it’s the first time their yearly income has hit the $3 billion mark. Last year, Safaricom’s revenue was about $2.9 billion, so this is a big step up.

Safaricom profit and annual revenue have both grown thanks to more people using their services, especially in Kenya and other African countries like Ethiopia and Tanzania. The company now has over 57 million customers, which is a huge number-almost as many people as the whole population of Kenya.

One reason Safaricom profit increases with an annual revenue of $3 billion is because of their smart ideas and new projects. For example, their mobile money service called M-Pesa is still a favorite for millions of people. M-Pesa lets people send and receive money, pay bills, and even buy things at shops using just their mobile phones. It’s so popular that it now handles nearly 100 million transactions every single day. That’s a lot of people moving money around using Safaricom.

Safaricom profit increases by 11% with an annual revenue of $3 billion

Safaricom has also been working hard to help more people get smartphones. They started a program called Lipa Mdogo Mdogo, which means “pay little by little” in Swahili. This program lets people buy a 4G smartphone and pay for it in small daily amounts, sometimes as low as 20 Kenyan shillings a day. Since it started in 2020, more than 2 million people have gotten new smartphones this way. This has helped many Kenyans, especially those who don’t have a lot of money, to get connected to the internet and enjoy the benefits of being online.

Another big move for Safaricom was expanding into Ethiopia. This country has a huge population and lots of people who need better phone and internet services. It hasn’t been easy, though-there have been some problems with inflation and security. Still, Safaricom’s business in Ethiopia is starting to do better, with more customers joining and using their services.

Safaricom profit and annual revenue keep growing because the company is always looking for new ways to help people. For example, they recently launched a service in Ethiopia that lets people pay for fuel using M-Pesa. This makes it easier and safer for people to buy fuel without needing cash.

The company’s CEO, Peter Ndegwa, said he’s proud of what Safaricom has achieved. He thanked the customers and the staff for their hard work and loyalty. He also said that Safaricom will keep working to bring new ideas and better services to people in Kenya and other countries.

Safaricom’s profit increases by 11% with an annual revenue of $3 billion shows just how important the company is for millions of people in Africa. With more people getting connected and using mobile money, Safaricom is helping to make life easier and better for everyone.

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