Safaricom net profit rises 35.9% to KSh 58.2 billion

Safaricom PLC has posted a 35.9 per cent growth in net profit to 58.2 billion shillings for the first half of the 2026/2027 financial year. The performance was driven by growth in its Kenyan business, rising M-PESA revenues and a significant improvement in its Ethiopian operation, which is now edging closer to breaking even. Denis Otieno has the details.