Safaricom dials down Ethiopia spending plan as loss drags Group profits

vfw227-tt-saf fy23-24 ethiopia spend

Source: Safaricom

FY23–24: Safaricom slashes five-year investment target for Ethiopia, commits to tightened spend to weather challenging macro environment, but remains positive on progress and outlook.

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This article includes:

  • Organisations: Safaricom; Safaricom Telecommunications Ethiopia (STE); M-PESA.
  • Geographic: Ethiopia; Kenya.
  • People: Dilip Pal; Peter Ndegwa.
  • Themes: Network deployment; Mobile money services; Customer acquisition; Revenue; Profitability; Capital expenditure; Investment plans; Operating environment; Political instability; Inflation; Earnings; Financial guidance.

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