Kenya’s largest telecom, Safaricom Plc, has reported a net profit of $354.3 million (Ksh45.8 billion) for the year ended March 2025, representing a 7.3 percent growth from the previous year. The company faced an income tax expense of $384.5 million (Ksh49.7 billion) from its Ethiopian business, which reduced its profit before tax to $720.99 million…...
Trending
- High tension on the financial market of the UEMOA (Debate)
- Senegal raises 108.785 billion CFA francs on the UEMOA financial market
- Senegal: Credit du Senegal obtains validation of a mortgage of 500 million FCFA against Senbiscuits
- State participation in economic entities: Ouagadougou establishes a monitoring structure
- Casablanca Stock Exchange: Equity Invest raises 200 MDH
- Morocco: CIH Bank explores a strategic acquisition with CDG Capital
- In 2026, Allianz Morocco reorganizes its businesses to accelerate its growth…
- Angola: Sonangol seeks $4.8 billion from China to finance a refinery
Safaricom posts $354 million net profit, seeks satellite internet partners
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com