Safaricom on Brink of Ethiopia Profit Target

Safaricom Plc expects to meet its Ethiopia profit target by March 2027 after substantially reducing losses. For the six months to September, Safaricom Telecommunications Ethiopia cut its pre-tax loss by 96.5% to 434.4 million Kenyan shillings, from 12.5 billion a year earlier. The improvement is expected to ease funding pressure on the startup, while supporting revenue growth and better shareholder returns.