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
- Cameroon: Somdia sells its stake in SOSUCAM to a Cameroonian consortium, 210 million euros in investments announced
- BAD: Sidi Ould Tah initiates a profound reorganization of the African Development Bank
- Senegal: CDMP SA and FONAMIF mobilize 2 billion FCFA to refinance microfinance institutions
- Payment of the 2025 dividend of the African Rubber Plantation Company set for August 28, 2026
- Burkina Faso raises 49.5 billion CFA francs on the UEMOA financial market
- Morocco: How Akditalest became the coveted giant of private healthcare?
- Has a new path for water financing in Africa opened in N’Djamena?
- Diaspora: In Ghana, a Pan-African Youth Parliament to Influence Democracy
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