Nairobi News


How Kenyans reacted to Safaricom’s jaw-dropping profits

Kenyans have reacted with amazement to Safaricom’s financial year report which revealed a new profit high for the telecommunication company.

According to the report made public on Wednesday, Safaricom’s net profit for the year ended March 2018 grew to Sh55.3 billion, compared to Sh48.4 billion the year before on the back of M-Pesa and data revenues.

The announcement was made by Safaricom Chief Finance Officer (CFO) Sateesh Kamath. This represents a 14.3 per cent growth of its full-year after-tax earnings.


Safaricom full-year profit hits Sh55.3bn as Collymore makes comeback

M-Pesa revenue grew 14.2 per cent to Sh62.9 billion while mobile data was up 24 per cent to Sh36.4 billion in the period.

And this what tweeps had to say: