Safaricom Ethiopia’s losses fall sharply as the telecom business approaches a new financial phase

TechTrendsKE · 5/11/2026, 07:25:00

Safaricom Ethiopia narrowed its EBITDA loss by 96.5% to KSh434.4 million in the six months ended September 2026, as service revenue rose 71.6% to KSh10.6 billion. The improvement brings the operation closer to its target of achieving EBITDA breakeven by the end of FY27, following several years of network investment, customer acquisition and the establishment … The post Safaricom Ethiopia’s losses fall sharply as the telecom business approaches a new financial phase appeared first on TechTrendsKE .