Safaricom reports a sharp increase in first-half profit, driven by growth in its M-Pesa mobile money service and improved performance from its Ethiopia operations. Standard Media says half-year net profit jumps 72% to Sh50.35 billion, attributing the rise to M-Pesa expansion alongside gains in Ethiopia.
Other coverage highlights the profit figure but frames the improvement through reduced losses at the Ethiopian unit. Moneyweb reports group net income rose to 58.2 billion in the six months through September, describing a narrowing of Ethiopia business losses. Bloomberg similarly focuses on the Ethiopia turnaround, stating first-half profit climbed 36% as losses at the Ethiopian operation decreased, without tying the change to figures beyond the company’s reported results.
