safaricom ethiopia Stories

M-Pesa deposits down Sh1.3 million in six months to September
Alfred Onyango  |  Nov 13, 2024

Safaricom CEO Peter Ndegwa said the performance remains strong amid the headwinds in the Ethiopian business.

Safaricom records Sh139.9 billion operating profit
Dennis Tarus  |  May 09, 2024

M-Pesa remained a standout performer, contributing 42 per cent of Safaricom’s service revenue.

M-Pesa faces cash dominance hurdle in Ethiopia
Barack Oduor  |  Mar 10, 2024

According to a 2021 report by the World Bank on financial inclusion and digital payments, cash in Ethiopia is a dominant payment method, a sharp contr...

M-Pesa users in Ethiopia hit 3.1 million four months after launch
Ibrahim Omar  |  Jan 30, 2024

The increased M-Pesa usage earned Safaricom Ethiopia Sh44.9 million in revenue in the period between mid-August and the end of December.

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