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
- Temas facilitates a 25 million euro loan agreement with Afriland First Bank Cameroon
- Geneva to Host the Ethical Finance Forum 2026 in One Week: Africa and Europe Confront the Challenge of Islamic and Ethical Finance
- BRVM: BIIC drops by 15.83% after a week of profit-taking
- Nigeria: A.P. Moller Capital sells Powergas to Ardova Plc to accelerate the development of compressed natural gas
- Senegal: a poor country enjoying the privileges of a rich country
- Ivory Coast: Sidy Cissé appointed CEO of CDC-CI
- Daily African Financial Markets
- Ian Ferrao, CEO of Airtel Money: “Our listing on the London Stock Exchange will give us more flexibility to support our growth in Africa”
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