- Shaping the Future of Banking in Southern Africa: Innovation, Connectivity, and Financial Resilience
- BRVM Investment Days returns to London
- The 20th Edition Connected Banking Summit - Innovation & Excellence Awards 2025
- Industry Leaders and Sponsors Driving Innovation at the 20th Connected Banking Summit – East Africa 2025
- AI-WAQF 2025: Transforming Islamic Philanthropy & Finance for the Future
Mobile-Money Growth Fuels Safaricom’s 20% Jump in Profit
NAIROBI (Capital Markets in Africa) – Safaricom Plc.’s profit grew 20 percent in the six months to end-September, underpinned by money-transfer income and even as growth in mobile-data sales slowed. Profit at East Africa’s biggest company by market value came in at 31.5 billion shillings ($309.6 million) while service revenue grew almost 8 percent to 118.2 billion shillings. While mobile-data sales climbed 11 percent to 19.5 billion shillings, that was slower than the 31 percent…
Read More