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Safaricom boasts Ethiopian maturity as ‘baby’ makes ‘confident steps’
FY24–25: CEO Peter Ndegwa says there is more to be done to reach commercial and infrastructure ‘scale’, but Safaricom’s Ethiopian venture is said to be nearing EBITDA positivity.
This article includes:
- Organisations: Ethio Telecom; M-PESA; Safaricom; Safaricom Ethiopia; Telebirr.
- Geographic: Africa, Ethiopia; Kenya.
- People: Dilip Pal; Peter Ndegwa; Wim Vanhelleputte.
- Themes: Base stations; Capex; Commercial scale; Customer acquisitions; Data; EBITDA; Financial analysts; Fixed line; Fuliza; Group financials; Import costs; Infrastructure scale; Investment phase; Lending; Macro headwinds; Messaging; Mobile data; Mobile rollout; Mobile sites; Money transfer; Network rollout; Overdraft product suite; Payments; Personal loans; Population coverage; Radio access infrastructure; Revenue; Savings; Service revenue; SIM cards; Strategic agenda; Subscriber acquisition strategy; Voice; Wholesale revenue.
- Events: Safaricom earnings call, FY24–25;
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