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Crucial Message To All Safaricom Users

Kenya’s leading telco Safaricom Plc rebounded strongly from Covid-19 pressures, posting 12.1 per cent growth in net earnings in the first six months of the year.

The firm whose earnings dropped for the first time in 12 years last year saw net profit grow to Sh37.1 billion in a period between April and September this year compared to Sh33 billion same period last year.

Safaricom CEO Peter Ndegwa has attributed the growth to increased revenue from M-Pesa, accelerated by the high uptake of overdraft facility, Fuliza.Internet revenue which grew 16 per cent and a rebound in voice services and text services helped to prop up the growth.

The absolute worth of M-Pesa exchanges became 51.5 percent to Sh13.71 trillion while the complete volume of exchanges grew 42% to Sh7.27 billion. 

The development is ascribed to a converse on free charges on individuals to people, Lipa na M-Pesa transactions underneath Sh1,000 reported in March 2020 to pad families from the financial fancies of Covid-19. 

Chargeable exchanges each one month dynamic became 91.9 percent to 18.06 exchanges each month in the period under audit up from 9.4 exchanges same period last year. 

M-Pesa wallet to bank and bank to M-Pesa wallet exchanges are as yet zero-appraised and make up 18.1 percent of the complete exchanges.

Content created and supplied by: Mkuu1 (via Opera News )

Fuliza.Internet Kenya M-Pesa Peter Ndegwa Safaricom


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