Safaricom, Kenya’s largest mobile network operator, reported improved financial expectations for its second half of 2027. Analysts project a 28.9% increase in half-year shareholder profit, reaching KSh55.16 billion. This growth is attributed to a narrowing loss in Ethiopia, where projected EBITDA losses are expected to decrease to KSh1 billion.
The company’s performance in Ethiopia has been a key focus area, with recent efforts aimed at stabilizing operations and reducing financial strain. The projected reduction in losses reflects ongoing cost management strategies and potential improvements in service delivery. While the exact impact of these changes remains to be confirmed, the figures suggest a positive outlook for Safaricom’s operations in the region.
Safaricom has long operated in Ethiopia, where it faces challenges such as regulatory hurdles and market competition. The company’s ability to reduce losses in the country highlights its strategic adjustments in response to economic conditions. The financial projections underscore a broader trend of resilience in the telecommunications sector, despite regional economic uncertainties.
